If you're a 1099 physician, one of the biggest financial mistakes you can make is treating every dollar that hits your bank account as money you can spend. Unlike W-2 employees, no one is withholding taxes for you, which means a surprise tax bill can quickly turn a great income into financial stress.

In this episode, CPA and Certified Private Wealth Advisor Stephen Lee explains a practical tax reserve system for 1099 physicians. You'll learn:

• Why your tax reserve should be based on net profit, not gross income
• The practical 30–45% tax reserve rule
• Why self-employment taxes catch so many physicians off guard
• How to use a separate tax savings account to stay ahead
• How S corporations and retirement contributions affect your tax reserve
• A simple 7-step framework to estimate, save, and pay your taxes with confidence

Whether you're new to locum tenens or have been working as an independent contractor for years, this episode will help you build a tax system that replaces guesswork with clarity and keeps you prepared all year long.

📘 Download the FREE CPA's Guide to Locum Tenens:
https://stephenleecpa.com/cpas-guide-to-locum-tenens/?utm_source=podcast

📅 Book a Discovery Call:
https://stephenleecpa.com/book-appointment/?utm_source=podcast

📊 Try Xero Accounting Software (90% off for 6 months – terms apply):
https://referrals.xero.com/StephenLeeCPA_SCorp