The new year brings with it both good and bad news for dentists as they plan ahead for taxes and retirement. Each year, the IRS announces cost-of-living adjustments (for everything from tax brackets, to the standard deduction, to personal exemptions), various phaseouts, and retirement plan limits. There were few changes from 2015 to 2016, but 2017 is another story, with a significant increase in Social Security tax and a modest bump in certain income limits that may affect your retirement planning.
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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
September 1st 2023
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
August 15th 2023
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...