Purchasing and buying into a dental practice offers many opportunities for success, but unfortunately, the business side sometimes takes a back seat to the emotional side. Our team of Dental CPAs are equipped with a proven process that eliminates the surprises many dentists encounter when they try to buy a dental practice on their own, or hire counsel that has little or no experience in these types of transactions.
We want to prepare income tax projections for the year your start-up will open its doors for several reasons. We do NOT like surprises, we want you to be prepared for the impact this endeavor will have on your income tax returns for that year. This service will also allow us to advise you on various income tax strategies that we may deploy for the optimal income tax positioning, not only in your first year, for future years as well. We consider the timing of when deductions should be taken, how certain expenses should be categorized, such as capital and operating expenses, portions of the tax code that will benefit you like Code Sec 179 and 197 and so forth. Planning WHEN to take your deductions is imperative.
Lastly, We will be available to assist you with routine business matters on which you need assistance and seek our advice regarding your acquisition. We are here to help you through the process no matter the questions you have.