Dentist Has Questions about an Audit

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 be…Read More→

What Should a Dentist Expect from an Audit?

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 tax attorney? Do you…Read More→