Posts by Ed Gabriel
Education Tax Credits for Higher Education
How many of us have come up against the soaring rates of college tuition as we strive to match our academic skills with a budget friendly four-year university. Whether it’s you or your child, managing to pay for higher education is an ambitious endeavor, made even more challenging due to the staggering yearly increases in…
Read More1099s for Small Business Owners – What Do They Mean and Why They’re Important?
As a small business owner, do you pay vendors or contractors? Do you pay them more than $600 a year? If the answer to both questions is yes, then you should become familiar with the 1099 tax form. What is a 1099 Form? If in the past year, your business has paid any freelancers or…
Read More7 Ways for Dental Practices to Reduce Their Tax Burden
If you’re like many other dental practice owners, you probably don’t have a huge profit margin. Most likely, you’re just getting by as you attempt to limit your equipment expenditures and contain your payroll costs, while providing exceptional oral health care for your patients. In the meantime, it seems that taxes become an ever-increasing burden…
Read MoreWhat Dentists Should Consider Before Selling to a Dental Service Organization
If you are like many other dentists, you’re probably dealing with the constant challenge to deliver excellent oral health services while also turning over a profit. You also need to adeptly oversee numerous administrative functions, as well as manage equipment purchases and promote your dental business as much as possible so you can grow your…
Read MoreTop 7 Ways to Effectively Market Your Dental Practice
Marketing is easy to overlook amidst the daily grind of patient care, managing the administrative functions, and keeping up to date with dental equipment purchases. There’s only so many hours of the day, and sometimes it seems like you’re treading water just to keep up with patient demands. But dental marketing is vital if you…
Read MoreSeven Reasons Dentists (Small Businesses) Get into Trouble with the IRS
As a small business owner, you have, what seems at times, to be endless responsibilities. Among your main priorities are growing your business, managing inventory, overseeing product development, and engaging with customers. So, you might think of doing your taxes as an annoying task that has to be done. You’d prefer to devote as little…
Read More7 Ways to Cut Your Income Tax for Year 2022
As a small business owner, you probably find paying taxes to be an impediment to keeping a healthy bottom line. It’s only natural to want to lower your tax burden as much as possible. You may be surprised to learn that there are actions you can take to reduce your business income tax so you…
Read MoreAlternative Minimum Tax – Take a Second Look
As a small business owner, you no doubt feel the burden of your taxes are too high. Your tax liability takes away from the profit margin you heavily rely on to keep your company viable and competitive. So, when you hear about the alternative minimum tax, your mind probably goes blank in disbelief to learn…
Read MoreWhat Dental CPAs Know About C Corporations and Implications for Taxes
If you own a new dental practice, you’ve likely incorporated your small business as a C-Corp by default. But is your dentistry business best served by a C Corp? The C-Corp is frequently an overlooked option for small business owners. Choosing to be a C-Corp business does offer some structural advantages not found with an…
Read MoreTax Extension Requests For Small Businesses
If you are a small business owner, you may have an ongoing challenge to stay on top of all your tax issues and responsibilities. Your schedule is constantly filled with duties related to running your business. But there could be serious consequences to your company – including financial repercussions – if you don’t file your…
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