Understanding the Tax Implications of MSOs

This week, AmSpa’s President and CSO, Cathy Christensen, speaks with Nick Liguori, CPA, owner and founder of Liguori Accounting. They discuss the complexities of management service organizations (MSOs), common pitfalls for medical spa MSO taxes and how to properly set up your accounts. Their conversation includes: MSOs: the key structure for compliant med spa ownership; Where med spa MSOs can get tripped up with financials; Specific tax challenges and common pitfalls to avoid; How to ensure that your business entity is set up correctly The typical process of setting up the proper systems; When to transition from DIY bookkeeping to working with professionals; How to correct and prevent future issues while preparing for tax season; And more! Music by Ghost Score