Category: Dental CPA Blog

We have posted our January Dental CPA newsletter. Happy reading!   For more information or to sign up for our newsletter, please contact info@dentalcpas.com Follow us on Twitter, Facebook and Pinterest

  I’m a new graduate and this is my first time sending in my quarterly taxes. I started working Sept 2011 and my IE income for 2011 (Sept 2011-Dec 2011) is around $25K. How much percent of $25K should I send in for my Jan 2012 quarterly tax stub? 30%? 33%? I don’t have a…Read More→

  First, let this post help those with staff compensation issues as well as those that are or will purchase a dental practice. So some of these comments are not about what should have been done, it’ll be a teaching moment for those that MIGHT be buying a practice in the future: Hello, I just…Read More→

  Here is a guest blog from our friend Lisa Sparks of Bowie and Jensen law firm.   New Year’s Resolutions for Businesses   Here are 10 New Year’s Resolutions that will get this year off to a great start: 1. Be clear and concise about company policies.  Review your employee manual and other policies…Read More→

  I’d like recommendations for the best retirement plan for my office with my specific needs…I currently have a 401k plan in place with Safe Harbor election. I feel like I pay too much to administer it.  I would like to find a retirement plan that is lower cost to me/the office. Basically I am looking for a low…Read More→

  I’m in the process of having another office. A scratch. Should I open it under my current corporation, or should I start it under a different corporation. Maybe in about 3 years, I’d like to sell my current corp. I don’t know. But it’s just more paper work to start a second corp. Is…Read More→

  We are trying to figure out how to handle this week as we are a startup practice.  We are paying for holidays so our employees will get 8 hours of pay for today.  Tomorrow the office is closed and they can use paid time off (PTO). How do most people handle PTO if it would…Read More→

  I’m going to begin a 1-2 year associateship with the opportunity to buy 50% of the practice after that period.  I’ve hired a practice sales broker/CPA to provide me with a second opinion on the appraised value of the practice.     Jason Wood, Dental Attorney: Is he representing you as a CPA or as a…Read More→

  And I go to my equipment sales rep for my tax advice too! My startup office is under construction and won’t be ready for moving in until Feb, 2012. As usual, I have placed my equipment order while I did not pay yet. My equipment guy mentioned to me about the “bill and hold…Read More→

  I am looking to purchase a practice and the building.  The appraisal on the building is pending, but assuming it seems fair, I will purchase both.  I have been approved for 100% financing for the practice 10 yr. term, 5.95% through Wells-Fargo and am applying at another bank as well to compare.  The building numbers…Read More→