Category: Dental CPA Blog

  I’m starting a new associate position in the near future and the owner and I were discussing being paid as an employee vs. me forming my own S-Corp having my compensation run through the corporation. The situation is:Expected per diem income totaling about 140-150k. He owns 2 offices He has agreed to reimburse about…Read More→

  Here is a guest blog from our friend Carl Guthrie at ETS Dental, the only place to go for a dentist to get placed in a new practice. I get asked about the best way to send a thank you note after an interview.  These days a simple email is all you need to…Read More→

  What exactly does a “dental CPA” do that a traditional local accounting cannot? I’m not sure many of us can “do” anything differently. It’s more of what we know. They are not cheap… I’m paying $300/month for mine and then another fee for tax prep, which I cannot remember right now. That’s cheap! 🙂…Read More→

  I am getting audited.   So step one, I am assuming one will get some kind of letter saying get ready to go through hell… but then what? It’s only hell if you have poor record keeping skills and you’re very disorganized. Does your CPA defend your books? Do you have to hire a…Read More→

  This is a guest blog from our friends at ETS Dental. The date is quickly approaching. Dental students will be graduating in May/June, and Dental Residents will be completing their programs in June. It is an exciting time. New jobs, possible relocation, and the beginning of a whole new life doing what you love…Read More→

  The world’s developed economies may be set to emerge from several months of slowdown, led by the U.S. and Japan, according to the Organization for Economic Cooperation and Development. The Paris-based think tank said on Monday that its leading indicator of economic activity in its 34 member nations rose to 100.4 in December from…Read More→

I graduated back in May of 2011 and having been working as an associate for another dentist for the past 7 months. It has been a good associateship in the fact that he has allowed me to learn a ton about different procedures. The bad news is that there aren’t enough patients to support both…Read More→

  If I paid for CE in 2011 that I am going to actually take in 2012, do I deduct it out of my 2011 taxes or my 2012 taxes?  I also paid for 2012 membership dues in AGD in 2011, which tax year would that deduction fall under? You’re a cash basis tax payer…Read More→

  I own an S-Corp. I use to think that all you had to do was pay yourself a salary that was reasonable for a dentist and then take the rest in dividends. That is the general “rule”. So if my office profited 250,000, then I would pay myself 110,000 in salary (a fair salary…Read More→

  Hi    I am (finally) in the final stages of the transition where I become the sole owner of the practice.  Currently, everything is in my partner’s name on all accounts since he is still the majority owner.So, I am trying to come up with a list of all different companies that will need…Read More→