As we move into the last Quarter of 2018, this is a great time to review your tax strategy with your Dental CPA. You should make sure your Dental Independent Contractor Business or your Dental Practice is taking advantage of the tax deductions available to dentists. Below are some Year End Tax moves to consider. […]
Tax Deductions for Dental Practices
Impact of 2018 Tax Reform on Dentists
As most of you have probably heard, President Trump signed the Tax Reform Bill rolling out some of the largest Tax Reform since the Reagan Administration. The key question is how will this impact dentists operating their own practice and/or working as Independent Contractors. Dental Practice and Dentists working as Independent Contractors are considered Businesses […]
New Proposed Tax Laws and the Effect on Dentists Practicing as S Corporations
New Tax Laws have been proposed by the Republican’s last Thursday. Dentists and Dental Practices setup as S Corporations are asking, “How will this affect them” At Virjee Consulting, we have been following the proposed tax bills closely. Below are some key points: If your LLC or S Corporation provides professional services such as accounting, […]
Purchasing a Dental Practice Using an S Corporation
Should you purchase a dental practice using an S Corporation? What if you already have a corporation, do you have to create another one? We often have clients that contact us during tax season after they have purchased a Dental Practice as an S Corporation. Many dentists working as independent contractors have had an accountant […]
Year End Tax Tips For Dentists
Believe it or not 2016 is coming to an end! Here are some year end tax strategies dentists can use to put more cash in their pockets. Dentists working as Independent Contractors If you haven’t already setup a S Corporation, you may want to do so soon. Dentists working as contractors can save thousands in taxes. Consider […]