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If you're a MedSpa owner, the Qualified Business Income deduction—or QBI—can be a huge opportunity, but it comes with some tricky rules you need to understand. One of the biggest factors is whether your business is considered a Specified Service Trade or Business, or SSTB, which can limit your deduction at higher income levels.
In this episode, we'll break down how QBI works, the nuances for MedSpas, and why the way you structure your revenue streams can matter more than you might think. We'll also walk through real examples to show how these rules play out in practice.
You can find show notes, resources and more at: https://medspafinancial.com
By Scott Wisniewski and Jonny McMullenIf you're a MedSpa owner, the Qualified Business Income deduction—or QBI—can be a huge opportunity, but it comes with some tricky rules you need to understand. One of the biggest factors is whether your business is considered a Specified Service Trade or Business, or SSTB, which can limit your deduction at higher income levels.
In this episode, we'll break down how QBI works, the nuances for MedSpas, and why the way you structure your revenue streams can matter more than you might think. We'll also walk through real examples to show how these rules play out in practice.
You can find show notes, resources and more at: https://medspafinancial.com