Money Moves for CRNAs

Randy Larkin

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Business

Twice a month, get clear, smart tips to help you keep more money, build wealth, and make taxes easier for 1099 CRNAs.

14h ago

1099 CRNA S-Corp Salary: Should It Change Every Year? | Ep. 29

👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 ✅ Get your free 1099 CRNA Tax Checkup here: https://crnataxes.kit.com/crna-tax-checkup ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ If your S-Corp salary was $180,000 last year, should you automatically use $180,000 again this year? Maybe. But not just because that was your salary last year. For a 1099 CRNA with an S corporation, reasonable compensation should reflect what is actually happening in your business. Your hours may change. Your responsibilities may change. Your contracts may change. And your business income may change. In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains four reasons your S-Corp salary may deserve another look. In this episode, you’ll learn: Why last year’s S-Corp salary may not automatically work this year How changes in the number of hours you work can affect reasonable compensation Why your duties and responsibilities matter when reviewing salary How a new contract or work setting can change the facts behind your salary Why a large change in business income may be a reason to review your compensation Why reasonable compensation is not simply a percentage of business income Why copying another CRNA’s salary may not fit your situation Why the goal is a reasonable and supportable salary based on your own facts You do not necessarily need to change payroll every time something small happens. But when your business changes in a meaningful way, your reasonable compensation deserves another look. Because a salary that made sense last year may not make sense this year. If you already have an S corporation but wonder whether there are other parts of your tax setup you may be missing, download the free 1099 CRNA Tax Checkup using the link above. .🎧 Educational purposes only. Not personalized tax or financial advice. Chapters:00:29 – Should You Use the Same S-Corp Salary Again?00:47 – Why Your Reasonable Compensation Can Change01:18 – #1: Your Hours Changed02:08 – #2: Your Duties and Responsibilities Changed02:48 – #3: Your Contract or Work Setting Changed03:33 – #4: Your Business Income Changed03:55 – Why a Percentage of Income Is Not the Answer04:27 – The Big Takeaway for 1099 CRNAs04:58 – 1099 CRNA Tax Checkup Music licensed from PremiumBeat.com under License #7394047
Aug 27

S Corp Reasonable Compensation for 1099 CRNAs: Is Your Salary Too Low? | Ep. 28

✅ Get your free 1099 CRNA Tax Readiness Review here: https://crnataxes.kit.com/crna-tax-readiness-review👉 Work With Us: https://CRNAtaxes.com If you're a 1099 CRNA with an S corporation, how much should you pay yourself in salary? Your S Corp salary isn't just a number to pick once and forget about. If the IRS believes your compensation is too low for the work you're performing, some S corporation distributions could potentially be reclassified as wages—leading to additional payroll taxes, penalties, and interest. In this episode of Money Moves for CRNAs, Randy Larkin of Atlanta Tax Planner explains S Corp reasonable compensation, why the IRS cares about your salary, and why there isn't one salary that automatically works for every CRNA. You'll learn: What reasonable compensation meansWhy salary and S Corp distributions are treated differentlyWhy copying another CRNA's salary can be a mistakeWhy “What's the lowest salary I can pay myself?” is the wrong questionHow salary can affect retirement-plan contributions and other planningWhy reasonable compensation should be reviewed as your business changesThe goal isn't to find the lowest possible salary. It's to establish a reasonable, supportable, and defensible salary based on your situation. Have an S corporation but aren't sure what else in your tax setup deserves attention? Use the link above to download the free 1099 CRNA Tax Readiness Review, then use the unchecked boxes as your action list. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters:00:00 – S Corp Reasonable Compensation for 1099 CRNAs01:11 – What Is Reasonable Compensation?01:58 – Why Does the IRS Care About Your Salary?02:53 – Is There One Correct CRNA Salary?03:23 – “How Low Can I Go?” Is the Wrong Question04:01 – How Your Salary Affects More Than Payroll Taxes05:00 – Why Your S Corp Salary Should Be Reviewed05:45 – Finding a Reasonable and Defensible Salary06:00 – 1099 CRNA Tax System Review Music licensed from PremiumBeat.com under License #7394047
Aug 14

1099 CRNA Taxes: Living in London, Working in Vermont—Who Taxes You? | Ep. 27

✅ Get your free 1099 CRNA Tax System Review here: https://crnataxes.kit.com/crna-tax-system-review 👉 Work With Us: https://CRNAtaxes.com 1099 CRNA taxes can get complicated when you live in one place, own an S corporation in another, and work somewhere else. Imagine living in London, owning a Pennsylvania S corporation, and flying back to the U.S. to work CRNA assignments in Vermont. Who taxes you? And which location matters for your business, payroll, tax home, and travel expenses? In this episode of Money Moves for CRNAs, Randy walks through this unusual example to show why a change in work location can create tax questions that are easy to miss. For a 1099 CRNA, where you live and where you work are not always the same tax question. And traveling a long distance does not automatically mean your travel costs are deductible. Before accepting a new CRNA contract, look beyond the hourly rate. Look at the map. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters: 00:29 – Four Places, Four Tax Questions01:28 – Vermont: Where the CRNA Work Happens01:53 – Pennsylvania: Where You Live vs. Where You Work02:30 – Does the LLC Need Another State Registration?02:55 – S Corporation Payroll Across State Lines03:32 – Tax Home and CRNA Travel Deductions04:36 – How the Entire Tax Map Fits Together05:36 – What to Check Before a New CRNA Contract05:56 – Free 1099 CRNA Tax System Review Music licensed from PremiumBeat.com under License #7394047
Jul 30

1099 CRNAs: When a Temporary Assignment Stops Being Temporary | Ep. 26

✅ Get your free 1099 CRNA Tax System Review here: https://crnataxes.kit.com/crna-tax-system-review👉 Work With Us: https://CRNAtaxes.com A 1099 CRNA can accept an assignment in the same state and still face unexpected tax consequences. An assignment may begin as temporary, allowing certain housing, travel, and meal costs to qualify as business expenses. But the tax result may change if the contract is extended or the assignment is expected to continue much longer. In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains: Why your home may not be your tax homeWhen a temporary assignment may become indefiniteHow contract extensions can affect travel deductionsWhy the tax result may change before day 366What to review before accepting or extending an assignmentUsing a Chattanooga-to-Knoxville example, Randy shows how an assignment can affect housing, meals, mileage, commuting, and the contract’s real after-tax value. Before accepting or extending an out-of-area assignment, look beyond the hourly rate. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters: 00:29 – When a CRNA Assignment Changes the Tax Result01:16 – Chattanooga-to-Knoxville Assignment Example01:52 – Your Home May Not Be Your Tax Home02:28 – When Temporary Work Becomes Indefinite03:40 – What Your CRNA Contract Can Reveal04:32 – How the IRS Looks at Traveling Workers05:02 – Housing, Meals, Mileage, and Commuting05:27 – What to Check Before Extending a Contract05:48 – Free 1099 CRNA Tax System ReviewMusic licensed from PremiumBeat.com under License #7394047
Jul 15

Four Miles, Different Tax Rules: How Location Changes a 1099 CRNA’s Taxes | Ep. 25

✅ Get your free 1099 CRNA Tax Readiness Review here: https://crnataxes.kit.com/crna-tax-readiness-review👉 Work With Us: https://CRNAtaxes.com A new CRNA assignment may be only a few miles from your old one. The agency may be the same, and your commute may feel almost identical. But if the new facility is across a state line, your tax and business questions may change. In this episode of Money Moves for CRNAs, we use a Louisville-area example to explain what can change when a 1099 CRNA moves from a Kentucky facility to a nearby facility in Indiana. You’ll learn why the exact city, county, and state where you work matter, why state reciprocity may not answer every question involving 1099 business income, and how a new assignment may affect taxes, estimated payments, payroll, recordkeeping, and LLC or S corporation registration. The key lesson: A short drive does not always mean a simple tax answer. One bridge can change your tax map. Use the link above to download the free 1099 CRNA Tax Readiness Review, then use the unchecked boxes as your action list. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters: 00:29 – How 4 Miles Can Change Your Tax Map 01:00 – Louisville to Indiana: A Simple CRNA Example 02:20 – Why the Actual Work Location Matters 03:20 – Does Kentucky–Indiana Reciprocity Solve It? 04:13 – Foreign LLC and S-Corp Registration Questions 05:20 – What to Review When Your Assignment Changes 06:01 – The Main Takeaway for 1099 CRNAs 06:18 – Your 1099 CRNA Tax Readiness Review Music licensed from PremiumBeat.com under License #7394047
Jun 30

The Hidden Tax Risk in a $225/Hour 1099 CRNA Contract | Ep 24

✅ Get your free 1099 CRNA Tax Readiness Review here: https://crnataxes.kit.com/crna-tax-readiness-review👉 Work With Us: https://CRNAtaxes.com A $225/hour CRNA contract may sound better than a $200/hour contract. But for a 1099 CRNA, the hourly rate is only the headline. The real question is what you actually keep after taxes. In this episode of Money Moves for CRNAs, Randy Larkin explains why self-employed CRNAs should look at the tax facts behind each contract before accepting or extending an assignment. Location, travel, reimbursements, assignment length, multistate work, local taxes, records, and estimated tax payments can all affect the real after-tax result. The goal is not to become your own tax expert. The goal is to recognize potential tax issues early enough to avoid expensive surprises later. Before you accept or extend a CRNA contract, do not just ask, “What is the hourly rate?” Ask, “What tax facts come with this contract?” Because the highest hourly rate is not always the best after-tax result. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters:0:30 - Why the Highest Rate May Not Be the Best Contract 0:50 - What Tax Facts Come With the Contract? 2:54 - Why Location and State Taxes Matter 3:43 - Travel, Reimbursements, and Assignment Length 3:55 - Questions to Ask Before Accepting or Extending a Contract 4:41 - Free 1099 CRNA Tax Readiness Review 5:33 - When to Get Help With a CRNA Tax Strategy Session 5:49 - The Real After-Tax Result Music licensed from PremiumBeat.com under License #7394047
Jun 15

1099 CRNA Taxes: Same Contract, $30K–$50K Different Result | Ep 23

✅ Get your free 1099 CRNA Tax Readiness Review here: https://crnataxes.kit.com/crna-tax-readiness-review👉 Work With Us: https://CRNAtaxes.com If you are a 1099 CRNA, the same contract does not always create the same tax result. In this episode of Money Moves for CRNAs, we walk through a real example of how two CRNA work arrangements can look identical on paper but create very different tax outcomes. The hourly rate did not change. The contract wording did not change. But the facts changed — and that changed the tax result. This episode explains why income and contract clarity matter, especially for 1099 CRNAs. Assignment length, location, travel expenses, reimbursements, and multistate work can all affect your after-tax result. Many 1099 CRNAs are not missing these issues because they are careless. They are missing them because they do not know the issues exist. That is why proactive tax planning matters. It should help identify issues early enough to fix them, not just report the results after the year is over. If you are a 1099 CRNA, ask better questions before tax season:Is this assignment temporary?Could extending the assignment change the tax result?How are travel expenses handled?Will this income be connected to more than one state?Do I understand enough to know when I need help? Start with the free 1099 CRNA Tax Readiness Review. It helps you review how you are being paid, where you are working, what your contract says, what records you are keeping, and whether any income or contract issues need attention before tax season. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters:00:30 — Same Contract, Different Tax Result? 01:12 — The Real 1099 CRNA Client Example 02:56 — Your Hourly Rate Is Not Always Your Real Rate 03:31 — Why Proactive Tax Planning Matters 04:39 — Better Questions for CRNAs 05:10 — Why 1099 CRNAs Miss These Issues 05:20 — Start With the Tax Readiness Review Music licensed from PremiumBeat.com under License #7394047
May 30

1099 CRNA Taxes: Is Your Contract Creating Tax Stress? | Ep. 22

✅ Get your free 1099 CRNA Tax Readiness Review here: https://crnataxes.kit.com/crna-tax-readiness-review👉 Work With Us: https://CRNAtaxes.com If you are a 1099 CRNA and tax season felt stressful, the issue may not start with your deductions, LLC, or S-corp. It may start with something much simpler: Do you clearly understand how your contract is paying you? In this episode of Money Moves for CRNAs, we talk about why income and contract clarity matter for self-employed CRNAs. Your contract setup can affect estimated tax payments, deductions, travel records, multistate tax exposure, cash flow planning, year-end tax projections, and overall tax strategy. Many 1099 CRNAs have multiple contracts, more than one agency, W-2 and 1099 income in the same year, stipends, reimbursements, bonuses, or travel payments. If those details are unclear, tax season can become stressful fast. Before you focus on what you can write off or whether you should be an S-corp, start with the foundation: how you are being paid, where you are working, and what records you have. If you find yourself saying, “I’m not sure,” “I need to check on that,” or “I didn’t realize that mattered,” those may be clues that your tax setup needs more attention. Start with the first section of the free 1099 CRNA Tax Readiness Review: Income and Contract Clarity. This episode is for 1099 CRNAs who want to reduce tax stress, avoid IRS concerns, improve tax planning, and make smarter financial decisions throughout the year. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters:00:29 — The First Tax Question 1099 CRNAs Should Ask00:51 — Why Tax Season Stress Is Usually a Symptom01:06 — Income and Contract Clarity for 1099 CRNAs01:39 — Common Income Issues for Self-Employed CRNAs02:33 — How Contract Clarity Affects Your Tax Strategy02:49 — Why Guessing Creates Tax Season Stress03:30 — Why Generic Tax Advice Can Be Risky04:40 — Questions Every 1099 CRNA Should Ask05:16 — Why Income Clarity Makes the Next Tax Questions Easier06:10 — Start With the 1099 CRNA Tax Readiness Review Music licensed from PremiumBeat.com under License #7394047

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Twice a month, get clear, smart tips to help you keep more money, build wealth, and make taxes easier for 1099 CRNAs.

Creator

Randy Larkin
Years Active

2025 - 2026
Episodes

29
Rating

Clean
Show Website

Money Moves for CRNAs

Money Moves for CRNAs

Episodes

1099 CRNA S-Corp Salary: Should It Change Every Year? | Ep. 29

S Corp Reasonable Compensation for 1099 CRNAs: Is Your Salary Too Low? | Ep. 28

1099 CRNA Taxes: Living in London, Working in Vermont—Who Taxes You? | Ep. 27

1099 CRNAs: When a Temporary Assignment Stops Being Temporary | Ep. 26

Four Miles, Different Tax Rules: How Location Changes a 1099 CRNA’s Taxes | Ep. 25

The Hidden Tax Risk in a $225/Hour 1099 CRNA Contract | Ep 24

1099 CRNA Taxes: Same Contract, $30K–$50K Different Result | Ep 23

1099 CRNA Taxes: Is Your Contract Creating Tax Stress? | Ep. 22

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