Money Moves for CRNAs

Randy Larkin

5.0 (1)
Business

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

5d ago

1099 CRNAs: Are You Saving Taxes Today but Paying More in Retirement? | Ep. 31

👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 ✅ Get your free 1099 CRNA Tax Checkup here: https://crnataxes.kit.com/crna-tax-checkup ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ What if the retirement plan that's saving you thousands of dollars in taxes today ends up costing you more in taxes when you retire? For a 1099 CRNA earning $350,000 or $450,000 a year, a large retirement contribution can mean a substantial tax deduction today. But are you really saving taxes, or are you just putting them off until later? In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains why retirement tax planning involves more than maximizing this year's deductions. The decisions you make today can affect how much of your retirement savings you'll actually have available to spend. In this episode, you'll learn: Why a retirement tax deduction today doesn't necessarily eliminate taxes laterWhat happens when you begin withdrawing money from traditional retirement accountsWhy you shouldn't automatically assume you'll be in a lower tax bracket when you retireHow required minimum distributions (RMDs), Social Security, and other income may affect your retirement taxesWhy your Solo 401(k), SEP IRA, Roth contributions, and defined benefit pension options deserve a closer lookHow your S-Corp salary can affect your retirement contributionsWhy the balance in your retirement account isn't necessarily the amount you'll have available to spendWhy retirement tax planning should begin while you're still earning good moneyA retirement account with $2 million may look impressive. But if part of that money will eventually go toward income taxes, the account balance doesn't tell the whole story. The goal isn't just to save taxes this year. It's to build wealth and manage what you'll pay in taxes over your lifetime. If you're a 1099 CRNA and haven't looked closely at how your retirement savings fit into your overall tax strategy, download the free 1099 CRNA Tax Checkup using the link above. Review the retirement and wealth-building questions to see what may deserve a closer look. 🎧 Educational purposes only. Not personalized tax or financial advice. Chapters: 00:00 – Welcome to Money Moves for CRNAs 00:29 – Are You Really Saving Taxes or Just Delaying Them? 01:25 – What Happens When You Withdraw Retirement Money? 02:27 – Will You Really Be in a Lower Tax Bracket? 03:00 – Required Minimum Distributions and Retirement Taxes 03:42 – Retirement Plan Options for 1099 CRNAs 04:54 – How Much of Your Retirement Money Will You Keep? 05:35 – Why Retirement Tax Planning Should Start Now 05:55 – Free 1099 CRNA Tax Checkup Music licensed from PremiumBeat.com under License #7394047.
Sep 30

1099 CRNA S-Corp Salary: What Goes Into Reasonable Compensation? | Ep. 30

👇 👇 👇 👇 👇 👇 👇 👇 👇 👇✅ Get your free 1099 CRNA Tax Checkup here: https://crnataxes.kit.com/crna-tax-checkup☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ ☝️ If someone asked you today how you came up with your S-Corp salary, could you explain the calculation? Or could you only tell them the number? For a 1099 CRNA with an S corporation, reasonable compensation should not simply come from a percentage of income, another CRNA’s salary, or last year’s number. It should reflect the work you are actually doing. In this episode of Money Moves for CRNAs, Randy Larkin, CPA, explains what should go into a reasonable compensation calculation and why two CRNAs with the same business income may still have very different S-Corp salaries. In this episode, you’ll learn: Why your hours and weeks worked matter when calculating reasonable compensationWhy two CRNAs earning the same amount may have different S-Corp salariesWhy clinical work is not the only work that may countHow payroll, bookkeeping, contracts, credentialing, banking, and other business duties can matterWhy your location, contracts, and work setting may affect the facts behind your salaryWhy a large increase in business income does not automatically mean your salary should increase by the same percentageWhy reasonable compensation should not simply be based on a percentage of business incomeWhy you should be able to support how your S-Corp salary was calculated The goal is not to pick the lowest salary you think you can get away with. The goal is to have a salary that is reasonable and supportable based on the work you actually performed. Because reasonable compensation should start with the facts behind the number—not the number itself. 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:00:30 – Could You Explain Your S-Corp Salary?01:04 – Why Your Hours and Weeks Worked Matter01:50 – Your Clinical and Non-Clinical Work02:30 – Location, Contracts, and Work Setting03:02 – What If Your S-Corp Income Goes Up?03:47 – Can You Support Your Salary Number?04:24 – Why Reasonable Compensation Can Change04:46 – The Big Question for 1099 CRNAs04:58 – 1099 CRNA Tax Checkup Music licensed from PremiumBeat.com under License #7394047
Sep 15

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

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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

31
Rating

Clean
Show Website

Money Moves for CRNAs

Money Moves for CRNAs

Episodes

1099 CRNAs: Are You Saving Taxes Today but Paying More in Retirement? | Ep. 31

1099 CRNA S-Corp Salary: What Goes Into Reasonable Compensation? | Ep. 30

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

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