Breaking News: How to navigate COVID-19 as a Dentist... Read More
X

Blog

Safe Harbor Or 179 Ecpensing Or Bonus Depreciation?

For federal income tax purposes, you’re better off using the new 100 percent bonus depreciation for your small asset purchases instead of the de minimis safe harbor election or Section 179 expensing. Reminder:  The de minimis safe harbor allows you to elect immediate expensing of small-asset purchases provided that the asset costs $2,500 or less …

Safe Harbor Or 179 Ecpensing Or Bonus Depreciation? Read More »

2018 Year-End Tax Deductions for Existing Vehicles

It’s time to examine your existing cars, SUVs, trucks, and vans for some profitable year-end business tax deductions. Your first step is to identify your gain or loss on sale. Once you have the gain or loss, know these basic rules: Gains attributable to depreciation produce ordinary income. Gains in excess of original basis produce …

2018 Year-End Tax Deductions for Existing Vehicles Read More »

5 Dental Marketing Tips for Local SEO

Local SEO matters to your dental practice because it helps Google searchers bring up results for businesses close to them geographically. The numbers speak for themselves; according to a Google, 80 percent of consumers turn to search engines to find local information, 50 percent — who search for a local business on a smartphone — …

5 Dental Marketing Tips for Local SEO Read More »

A Dentist’s Guide:  Vehicle Deductions & IRS Mileage Rules

Don’t let IRS mileage rules destroy your vehicle deductions.  You have no choice if you want to deduct the business use of vehicles.  You are face-to-face with the IRS’s business and personal mileage rules. And you face the same mileage rules regardless of how you operate your practice (as a corporation, proprietorship, or partnership).  You find the …

A Dentist’s Guide: Vehicle Deductions & IRS Mileage Rules Read More »

Embezzlement in a Dental Practice: The Ugly Truth

If your dental practice is operational, you are a potential victim of embezzlement. As a dental accountant, let me say that your best defense is to anticipate and safeguard against. You may be saying to yourself, “How can that happen in my practice? I know my team, they would never do that!”. Unfortunately, there are …

Embezzlement in a Dental Practice: The Ugly Truth Read More »

Stop Drop And Take Your Financial Pulse

Today is a great day to stop and take your financial pulse. It’s important to evaluate progress toward financial goals made at the beginning of a new year to see where you are and determine where you need to go. Thinking like a business Some dentists don’t regard themselves as a business. You are. Very …

Stop Drop And Take Your Financial Pulse Read More »

Organizing Financial Records After Tax Season

Tax season is winding down and it’s a great time to organize your personal and dental practice’s financial records. The key word here is indeed “organize.” Throwing all of your important documents into a drawer won’t help much when an emergency occurs and you (or a family member) need to find a certain piece of …

Organizing Financial Records After Tax Season Read More »

1 2 3