As a dental practice, you are in the business of caring for your patients’ oral health. While you may do your best to provide top-notch care, sometimes things go wrong, and patients may seek legal recourse in the form of a malpractice claim. Dental malpractice claims can be costly and time-consuming, not to mention damaging…
Whether you’re just starting out or have been in business for years, there’s no doubt that running a dental practice can be overwhelming. From managing your finances to keeping up with regulations, there are a lot of moving parts to keep track of. That’s why you need a qualified dental CPA: a certified public accountant…
Dental practice owners invest a lot of time, money, and effort into building and maintaining their business. However, no matter how well-prepared and vigilant you are, unexpected events can occur that can disrupt your operations and lead to significant financial losses. That’s where dental practice insurance comes in. In this blog post, we’ll dive deeper…
Starting your own dental practice is an exciting and rewarding experience. However, the process of setting up and managing a successful dental practice requires careful planning and consideration, particularly when it comes to financial matters. As a new dentist, you will face unique challenges, from paying off your student loans to setting up your practice…
The Employee Retention Credit is a refundable tax credit against certain employment taxes of the qualified wages an eligible employer pays to employees after March 12, 2020. Who is an Eligible Employer? Eligible Employers for the purposes of the Employee Retention Credit are employers that carry on a trade or business during calendar year 2020,…
What should be the basis for all decisions? Majority of 2021 have passed. We are wrapping up 2020 tax and compliance issues. Hopefully all of you got proper advice and consult about your PPPs and EIDL loans, filed for Employee Retention Tax Credit, spent and documented your HHS/PRF grants & California C19 Grants, and maximized…
5 Ways Dental Practices Can Take Advantage of the 20% Pass-Thru Deduction Dental CPA in Los Angeles, CA Tax reform, commonly referred to as the Tax Cut and Jobs Act, has many new provisions that became effective for tax years beginning January 1st, 2018. One provision in particular created a deduction up to 20% of…
Top tax strategies for dentists for the end of the year 2019 and 2020. By Fazel Mostashari, DentalCPA and Cecilia Chen, Esq. , Dental Attorney ( www.practiceatty.com). After completing one of the most challenging and exciting tax seasons due to all the new changes of Tax Cuts and Jobs Act (TCJA), that took effect for…
W2 or 1099? Why It Matters to Dental Professionals_UPDATED By Fazel Mostashari, MBT, CPA/FPS- 1/14/2020 This editorial is an update to our prior article written and emailed in 2018. The original will be attached at the end of this article. This is edited and written to apply to Dentists and other medical professionals. Around September…
Should You Work with A Dental CPA? CPA stands for Certified Public Accountant. CPAs are licensed and regulated by the state. It requires about 6 years of higher education, training, testing, and continuing-education requirements to attain and maintain a CPA license. Most CPAs are generalists and may have a few dental clients only. Dental CPAs…
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.
