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Section 179 Deductions for Dentists

Before Section 179 was introduced in 1958, business owners had to treat these large expenditures like most other business expenses and depreciate over time. This often made large, yet essential, purchases impossible for small businesses. While Section 179 can benefit large businesses as well, its primary purpose is to support small businesses...

Year-End Tax Planning Tips for Dental Practice Owners

American taxpayers are facing an abnormally large amount of tax law changes for the 2021 tax year. Between the pandemic, changes in administration, newer laws like the CARES Act, and changes to come from the passage of the infrastructure bill, more consideration than ever needs to be made for year-end tax planning.

What is the Difference Between a Dental CFO and CPA?

We’re all familiar with CPAs – we lean on them heavily during tax season and especially if we’re audited. But a CFO? That sounds like an expensive luxury! There are ways to get this expertise without breaking the bank, but first – why do you need the guidance of a CFO? You’re a dentist by trade, not a financial/business advisor.