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Archives for November 2015

Should You Claim the Home Office Deduction?

November 24, 2015 by Onlyfordentists

Claiming the home office deduction for your practice can reduce your income tax obligation, but be sure you understand the IRS’s rules. One of the many ways the internet has changed business over the last two decades is the increasing numbers of part-time entrepreneurs. Simple do-it-yourself website design tools have made it possible for anyone […]

Filed Under: Taxes

Bassim Michael to Present on Dental Practice Exit Strategies at Fresno-Madera Dental Society Meeting

November 13, 2015 by Onlyfordentists

Only for Dentists Principal, Bassim Michael, CPA, MS Tax, will present information on dental practice exit strategies and tax planning at the upcoming Fresno-Madera Dental Society General Meeting. Bassim’s presentation, “7 Ways to Exit Your Practice in Style & Save on Taxes,” will explain the difference in the various types of exit strategies that dental […]

Filed Under: Exit Strategies, Speaking Engagements, Taxes

Top 5 Estate Planning Mistakes

November 9, 2015 by Onlyfordentists

When done well, estate planning can save the loved ones you leave behind a great deal of money in taxes and fees. When done wrong, as we’ve learned with a few high profile cases over the years, your loved ones can find hefty taxes, fees and penalties levied against them. These are some costly mistakes […]

Filed Under: Exit Strategies, Practice Management

Why You May Get a Letter From the IRS & What to Do

November 2, 2015 by Onlyfordentists

Don’t panic: Receiving a letter from the IRS isn’t necessarily a bad thing, but it definitely can’t go unnoticed. Getting a letter actually addressed to you personally is becoming a thing of the past, what with email and social media taking over a lot of our correspondence. Nonetheless, you still received a letter addressed to […]

Filed Under: Audits, Taxes, Uncategorized

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