If you haven’t already, it’s time to skim through your tax documents to ensure you are well prepared for filing. Here are some important items to remember: Check your records for invoices of single item purchases of more than $2500. These fixed assets need to be capitalized. Review your invoices to make sure nothing is […]
Tag: 2016 tax year
End of the Year Tips to Minimize Your 2016 Taxes
As many dentists know, the upcoming year end is always the time to consider minimizing your taxes. Here are a few tips from the CPAs at the Dental CPAs. Maximize your contributions to retirement plans. Contribute more to your 401k by the end of the year to reduce your taxable income and your tax bills. Consider using a […]