Tips for Dentists
20 Tax Tips for Dentists and Doctors
Among the busiest of professionals, doctors have little time to learn about the latest tax law. Tax planning is often neglected in the crush of other obligations. Yet making hasty year-end decisions in an attempt to reduce taxes is a very poor substitute for year-round tax planning.
Review these tax tips; then contact us for assistance in identifying and implementing the best tax-cutting strategies for you.
Monthly Dental Practice Management Strategy:
- The Tax Smart Approach To Buying and Selling an Orthopedic Practice in This Evolving Landscape - Excerpt from Seminars In Orthodontics (August 2022)
- Provider Relief Funding Deadline (July 2022)
- Using the Home Office Deduction for Your Dental Practice (May 2022)
- 10 Characteristics of Dentists Who Become Multi-Millionaires (April 2022)
- The Benefits of Qualified High Deductible Health Insurance Plans and Health Savings Accounts (March 2022)
- Tax-Free Rental Income from Your Home or Secondary Residence (February 2022)
- Mitigating the Risk of Embezzlement in Your Business (January 2022)
- 1031 Exchanges - Video (December 2021)
- Qualified Opportunity Zones - Video (November 2021)
- Many More IRS Audits are Coming; Are You Prepared? (October 2021)
- Combined 401(k) Profit Sharing Cash Balance Plan - Video (September 2021)
- Setting Up a New Practice Retirement Plan Could Entitle You to a Large Tax Credit (August 2021)
- Make Your Summer Plans Tax Deductible (July 2021)
- Roth IRA Contributions - Video (June 2021)
- 14-Day Rental Rule - Video (May 2021)
- Provider Relief Fund (April 2021)
- Pay Your Children - Video (March 2021)
- A Major Crackdown on Independent Contractor Classification May Be Coming (February 2021)
- Pay Your Spouse - Video (January 2021)
- Disaster Relief Reimbursement Plan - Video (December 2020)
- 9 Tax-Smart Moves You Can Make For Your Dental Practice before the End of the Year (December 2020)
- Using the Home Office Deduction for Your Dental Practice (November 2020)
- Now May Be the Time to Refinance Your Dental Practice Loans (October 2020)
- Payroll Tax Deferral is a Lose-Lose Deal for Your Practice and Your Staff (September 2020)
- Assisting Employees with Section 139 Expenses (August 2020)
- Purchasing VS Leasing a Vehicle for Your Practice (July 2020)
- Deferral of Employment Tax Deposits for Dentists (June 2020)
- How Dentists Can Take Advantage of the Families First Coronavirus Response Act Tax Credit (May 2020)
- Student Loan Aid for Dentists under the CARES Act (April 2020)
- How a Dentist Can Eliminate State and City Income Taxes on Their Retirement Savings (March 2020)
- What You Can Do Now to Avoid Double Taxation on the Sale of Your Dental Practice (February 2020)
- Some Last-Minute Tax-Smart Investment Strategies to Help Boost Your After-Tax Rate of Return (December 2019)
- Setting Up Your Dental Practice Accounting System (November 2019)
- Renting Your Residence to Your Practice (October 2019)
- Consider the Tax BEFORE You Sell (September 2019)
- Smart Tactics to Manage Dental Student Debt (August 2019)
- Dental Practice Research and Development Credit (July 2019)
- Payroll Fraud Schemes Every Dental Practice Should Know (June 2019)
- As A Dentist, You Know You Need Tax Planning If... (May 2019)
- Tax Day is Here! 5 Big Questions Dentists Are Asking (April 2019)
- Dental Practices: File on Time or Pay the Price! (March 2019)
- 7 Tax-Free Ideas to Bolster Your Dental Practice Benefits Package (February 2019)
- Taking a Home Office Deduction (January 2019)
- 6 Last-Second Money-Saving Tax Moves (December 2018)
- The IRS Loves Your Dental Practice...and that is NOT Good (November 2018)
- Time to Launch Your Tax Strategy (October 2018)
- Combat Employee Turnover (September 2018)
- Student Loan Forgiveness Creates New Tax Trap (August 2018)
- Elements of a Good Dental Practice Partnership (July 2018)
- New! Dental Practice Medical Leave Credit (June 2018)
- Get Your Dental Practice off the Rocks (May 2018)
- Stay Prepared to Sell Your Dental Practice (April 2018)
- New Tax Legislation Requires Planning (March 2018)
- Your New Life as a Pass-Through Entity Owner (February 2018)
- The Best Way to Avoid an Audit: Preparation (January 2018)
- Year-end Tax Moves for Dentists (December 2017)
- The Equifax Breach and You: Be Proactive (November 2017)