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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Tax 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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Automobile Tax Deductions for Small Businesses

As a small business owner, have you tallied all the miles that you drive on a weekly or even a daily basis to tend to the needs of your company? You would probably be surprised at how fast you could rack up hundreds of miles in a short period of time.  Think of all the…

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Why a Small Business Owner Should Use a CPA for Tax Preparation

Protect Your Dental Practice Against Partner Disability

As an owner and operator of a small business, you wear many hats, and you are always on a tight schedule.  You are mired in day-to-day responsibilities of inventory management, product development, customer relations, and the list goes on.  So, when it comes time to prepare your taxes, you can either take on this ambitious…

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How to Choose a Tax Attorney

You may need the services of a tax attorney if you are launching a new business, are confronted with a complicated tax picture, or the Internal Revenue Service (IRS) is investigating you.  For any of these circumstances, and more, it would be a good idea to hire a tax lawyer for your small business. What…

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Benefits of Bookkeeping for Dentists

Being a dentist takes up a huge amount of time and energy.  There are the demanding duties related to dental services, as well as office administration, patient relations, some marketing, and overseeing the dental practice as a whole.  Just the idea of adding another responsibility, let alone managing your finances, might seem overwhelming and even…

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Benefits of Tax Planning for Dentists

There is no doubt that accurate and efficient tax planning is vital for the success of your dental business. Operating a profitable dental practice entails more than just tax preparation. It requires the right tax planning to enable you to minimize, defer, or eliminate the amount of taxes your business owes. Rather than take on…

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