While the dream of owning your own dental practice can be alluring, the reality involves navigating a complex web of legal and financial hurdles. Before embarking on this exciting journey, it's crucial to understand the associated costs and legal intricacies to ensure a smooth and successful
Key Tax Considerations for Real Estate Investors
We were recently featured on Porch.com covering some of the tax considerations and implications. Visit the article for more considerations across the real estate landscape. Tax Considerations for Real Estate As with any investment, understanding the tax implications of managing real estate
Navigating the Maze of Vacancies: Deducting Expenses in Commercial Real Estate
Vacant spaces in commercial properties can be a nightmare. Not only do they represent lost income, but navigating the complex world of tax deductions for such spaces can be equally frustrating. Understanding the Rules of the Game The IRS doesn't readily hand out "bonus points" for empty units.
The Subscription Revolution: How Membership Models Are Reshaping Dentistry
The traditional fee-for-service model in dentistry has long held sway, but a quiet revolution is brewing. Subscription models, also known as dental membership plans, are rapidly transforming the landscape, impacting practices, patients, and even the role of accountants. Let's delve into this dynamic
Year-End Tax Planning Tips for Dental Practices
As the year comes to a close, it's a smart move for dental practice owners to consider some key steps for effective year-end tax planning. Simplifying the process can make a big difference in managing your practice's finances. Here are some practical considerations: 1. Equipment
Seattle’s Tax Burden Soars, But City Struggles to Address Urgent Concerns
The Downtown Seattle Association (DSA) is raising concerns about the city's escalating tax rates and its failure to address critical issues facing residents. A recent study commissioned by the DSA revealed that Seattle's general fund and operating fund taxes have skyrocketed at an alarming rate,
Navigating Black Friday as a Small Business
Black Friday is a global shopping phenomenon, synonymous with deep discounts and frenzied crowds. While large conglomerates and big-box retailers dominate the Black Friday landscape with their massive advertising budgets and deep-pocketed promotions, small businesses often find themselves struggling
The IRS’s new withdrawal process for the employee retention tax credit (ERC)
What is the ERC? The ERC is a tax credit that was created to help businesses during the COVID-19 pandemic. It allows businesses to claim a credit for certain wages paid to employees who were unable to work due to the pandemic. Why is the IRS offering a withdrawal option? The IRS is offering