Oregon Corporate Activity Tax and Its Effect on Dental Practices
Oregon Governor Kate Brown has signed legislation that imposes a corporate activity tax (CAT) on each person with taxable commercial activity for the privilege of doing business in Oregon. The following are some of the details specific to the new … Read more…
Tax Reform and the Question that Dental Professionals Care About
I have been doing a significant amount of speaking in 2018 and into 2019 around the topic of tax reform. Most recently, I was speaking to a group of dental professionals at a local dental society and their concerns and questions … Read more…
Converting Corporations and Eliminating the “BIG” Problem
For years we have said that the “entity of choice” for dental practices is an S Corporation. New tax reform, commonly referred to as the Tax Cut and Jobs Act, has made that more true with reduced individual tax rates … Read more…
5 Ways Dental Practices Can Take Advantage of the 20% Pass-Thru Deduction
Tax reform, commonly referred to as the Tax Cut and Jobs Act, has many new provisions that became effective for tax years beginning January 1st, 2018. One provision in particular created a deduction up to 20% of “qualified business income” earned from pass-thru entities and sole proprietors…
Dental Practice Lifecycle: The Developing Stage
Most dentists are in the second stage of the dental practice life cycle. They’ve purchased their practice and made it through the first, tumultuous years, and are now settling into some kind of routine. This stage will continue until you start getting ready to sell your practice, which for most dentists could be anywhere from 25 to 35 years in the future…
