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…
