Doctors
Establishing and Managing a Practice
Tax advice in establishing and operating a medical practice is essential to maximize all tax benefits and avoid legal pitfalls. We are here to support you.
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Optimal Tax Guidance for Your Medical Practice
Establishing a medical practice involves specific tax challenges and considerations. Professional tax advice can be crucial to act efficiently and compliantly. Here are some key points to consider:
Choice of Legal Form
Choosing the legal form (e.g., sole proprietorship, partnership, or corporation) has significant tax implications. Depending on the legal form, income taxation, handling of profits and losses, and social security obligations vary.
Value Added Tax (VAT)
Medical services are generally exempt from VAT if they are for medical treatment. However, other services, such as cosmetic procedures that are not medically necessary, may be subject to VAT.
Depreciation (AfA)
Depreciation can be claimed for the acquisition of practice equipment and medical devices. These reduce taxable income and are therefore an important part of tax planning.
Operating Expenses
It is important to be aware of all possible operating expenses that can be deducted, including rent, insurance, personnel, training costs, and other ongoing operating expenses.
Input Tax Deduction
If the practice provides taxable services, it can deduct the input tax from its input services, especially for the acquisition of equipment and materials.
Staff Hiring
Employing staff leads to additional tax and social security obligations.
Succession Planning and Practice Sale
Long-term, tax planning regarding a potential practice sale or transfer should also be considered. Aspects such as the taxation of practice value and the tax consequences of the sale play a role here.
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