With the tax deadline coming up, it’s important for dental practices to be prepared and file their returns accurately and on time. However, sometimes unexpected situations can arise, causing missed deadlines or underpayment of taxes, which can lead to IRS tax penalties. Let’s make sure we’re ready to avoid any issues and file our returns…
If you’re a dentist, you know that at some point in your career, you’ll face competition. It’s almost inevitable, the undeniable truth. A crowded market leads to a lot of possibilities, no matter which area we’re talking about. You probably think it’s bad news but for every challenge, there’s a solution. Besides good management, there’s…
As the tax deadline approaches, it’s time to look into strategies for saving on taxes to increase deductions and lower your tax bill. Today, we’re discussing a special way to turn your vacation into a business trip, making it a valuable expense. Yes, you read it right. With careful planning, your transportation to any destination…
Are you contemplating the Great Resignation, or perhaps you’ve already joined its ranks? Maybe you’re a stay-at-home parent. Regardless of your reasons, taking a break from work is a big decision. It’s important to think about how it will affect your finances down the road, like your retirement savings and taxes. As your dental CPA…
If you own a dental practice, you probably know that you’re subject to various taxes that can significantly impact your financial health. While the tax burden for dentists varies depending on factors such as location, business structure, and revenue, these professionals often face considerable tax obligations. But we’re here to bring you good news about…
It is well known that tax fraud is a serious problem that diverts resources from governments as well as honest taxpayers. It’s been happening for a while and you never know when you’re going to get one of those approaches with “secrets” to pay less taxes or sketchy schemes to hide income. These fraudulent tactics…
Picture this scenario: you’re scrolling through your inbox when suddenly, an email catches your eye. It appears to be from a trustworthy source, offering an incredible tax deal that sounds like the perfect opportunity to save and even make some extra money. However, something seems off about it – could it be too good to…
As we step into 2024, it’s essential for us to keep our clients informed about the latest tax changes that may impact their financial strategies. As a dentist, you should stay on top of any updates to tax laws that could affect your dental practice. This will help you make informed decisions and ensure that…
In the age of smartphones and constant online connectivity, digital dental ads have emerged as powerful tools for dentists. With 77% of patients using search engines to find healthcare information, platforms like Google, Bing, or even social media offer incomparable reach. Therefore, creating an engaging and visually appealing ad campaign about your practice becomes not…
Buying or selling a dental practice is a significant decision that requires careful consideration of various financial aspects. After all, understanding the target company’s financial state will dictate your actions and help you understand if this represents a good deal or not. Whether you are a dentist looking to expand your practice or a seasoned…
Our Dental CPA firm provides dental professionals with a wide variety of custom services to enable dentists to excel in the dentistry business. It’s vital that dental businesses are well established, so that personal and business success may be accomplished in an effective manner and that potential risks are recognized, minimized, and promptly dealt with.
