As practice owners, dentists should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you’re allowed a deduction for contributions you make to a retirement plan. In return, however, you’re required to include your employees in the plan, and to give a portion of the contributions you make to those employees who are eligible. Even so, a retirement plan can provide you with a tax-advantaged method to save for your own retirement while providing your employees with a powerful and appreciated benefit, especially in today’s competitive employment market.
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Maximizing Your Investment: The Benefits of Negotiating Your Dental Practice Lease | Dental Accountant
September 15th 2023
The decision to negotiate a lease for a dental practice should not be taken lightly. With so much money and time invested in the practice, it is important to make sure it will be a successful venture. Many dentists do...
Protecting Your Practice from Financial Threats: Strategies for Dental Professionals | Dental CPA
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The dental profession holds a significant role within the healthcare industry, and safeguarding the financial stability of dental practices is paramount. Understanding and mitigating potential financial threats are essential steps for dentists to protect themselves and their practices. By proactively...
Maximizing Your Tax Benefits: The Benefits of Tax Coaching for Dentists | Academy of Dental CPAs
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Tax coaching for dentists can be a great way to save money and ensure that your finances are in order. It can also be a way to ensure that you are taking advantage of deductions and credits that you may...