The biggest health policy shift since the Affordable Care Act (ACA), referred to by some as the “Big Beautiful Bill”, was recently passed by Congress. The bill also introduces major changes that could affect millions of patients, families, seniors, and healthcare providers.
Your choice can impact not only your overall tax liability but also the simplicity of your bookkeeping and the costs of compliance. Below, we explore two common options: the default Schedule C treatment and the S Corporation election.