Dental Practice Accounting: The Dental Profit Equation

Introduction In the fast-evolving dental industry, dental practice analytics are more important than ever before. By focusing on specific aspects of your operations and production, you can find new ways to grow your practice profitability.  By reviewing your practice data, including the number of visits, production per visit, collection percentage, and overhead expenses, you can…

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Why Tax Planning Services & Tax Planning Strategies Are Essential

Introduction Tax planning services are a critical component of financial management. Tax planning plays a pivotal role in helping individuals and businesses minimize their tax liabilities. Effective tax planning not only saves you money, but also helps you reach your financial goals faster. In this article, we explore the world of tax planning and financial…

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Tax Deductions Available When You Refinance Your Home

Refinancing your home has many advantages. You may enjoy a lower interest rate, decrease your monthly payment, or have a shorter payoff term. You also may have the ability to cash out your equity and apply that money to home improvement projects.  What you may not have realized is that you could also be eligible…

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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…

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7 Ways for Dental Practices to Reduce Their Tax Burden

Organize Taxes

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…

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Seven 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…

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7 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…

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Alternative 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…

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