As you launch your independent practice, there are a number of financial and legal considerations to keep in mind. A growing business will probably mean a higher income for yourself and, along with that, certain tax related responsibilities. Check out these tax strategies for your new independent practice that will help you plan more appropriately. The first step in establishing an independent practice is ensuring you have selected the proper legal entity. The type of entity will determine how your profits will be taxed as well as your personal liability. To determine the right structure for your organization, answer a few questions such as: How much revenue will your practice generate during a year’s time? Do you have employees? Do