Category: Dental CPA Blog

  We have heard from our clients and others in the dental community that supply and lab companies are raising their rates at least 2.3% across the board due to the new medical device excise tax. This across the board raise may be nothing more than a move to use this new tax as an…Read More→

We’re starting to see much of the same confusion from dentists concerning their read of the final regulations on the 2.3% medical device tax as they had from the proposed regulations. First and foremost, we have not read the final regulations yet, however, we have seen a few editorials summarizing the regulations and quite frankly…Read More→

  This is a guest post from Dr. Phil LoGrippo of ADS Florida. The most valuable component of the price of a dental practice is the portion allocated to “goodwill.” Goodwill represents the intangible assets of a business—the difference between an established, successful business and one that has yet to achieve success. In an established dental practice, goodwill consists…Read More→

  I am the only member of an S Corp. I need help with regards annual corporate meeting and keeping of minutes.  What do you do in an annual corporate meeting when you are the only member?  What makes up the agenda/minutes of these meetings? Does an attorney need be present? I have read that…Read More→

  Lance Jacob of the Dental CPAs has compiled a list of the top ten most common tax filing mistakes that he sees his dental clients making. If you don’t have a dental CPA, contact Lance. 1. Filling out tax forms with an incorrect Social Security number. The IRS computers will automatically reject your deductions…Read More→

  I’m trying to limit the amount of paperwork and receipts stashed on my attic. So I am wondering – what happens during an audit? Say, a typical dental office gets audited. I don’t know, what’s an average now, $750K – 1M Gross, 55-65% overhead. An audit letter comes. What do they want? Is there going to…Read More→

  I am a W-2 employee looking to do some CE courses which will likely run an excess of 2000 dollars this year.  I had read in a previous post that there is a ceiling of some sort to the deduction as an employee which is 2% of AGI.So if I want to take a few of…Read More→

  Here is a guest blog from our friends at New Patients Incorporated (NPI). Hit ’em hard in January (and February, and March)! Whether it’s the internet, mail, print, radio, TV, or almost any other media choice, best case scenario is to get your impressions on the street between the end of the first week…Read More→

  I am planning on bringing a periodontist.  I am going to pay him a percentage of production, but he asked me about a per diem on the days that he is only doing follow-ups and new exams.  What is the going rate for a specialist coming into a GP office?Thanks. 1. I would think…Read More→

  Below is a guest post from our friends at ETS Dental, be sure to contact them for all of your dental recruiting needs. The theme of my articles around this time of year always revolves around planning and goal setting.  Like it or not, we are just 60 days away from the end of 2012.  It’s…Read More→