If you’re starting a dental practice or altering the framework of your existing one, be sure to choose the correct business structure and file the right income tax forms. We don’t have to tell you how many decisions you have to make when you start a new business, or when your existing company changes in significant […]
What You Need to Know About Estimated Taxes
Dentists, keep in mind that it’s not just self-employed individuals who are required by the IRS to pay estimated taxes. There are numerous advantages to being self-employed. The top benefit that most full-time, must-report-to-the-office employees most envy the most is your ability to establish your own work schedule. You don’t have the commuting expenses, nor […]
Do I Need to Include Asset Protection in My Estate Plan?
A comprehensive estate plan should accomplish far more than just deciding who will receive your estate property after your death. Because of the unique nature of estate planning, the additional goals you include in your plan will depend on your needs and concerns. Asset protection, however, is a popular component included in many estate plans. […]
Contractor or Employee? How the Income Tax Obligations Differ
It’s a very important distinction, and one that can get you in hot water if you misclassify workers even at a dental practice. Full-time employees of companies often look at independent contractors with envy. They can generally work whatever hours they want. They can sit at a computer, make phone calls, and create products in […]
Dentists: Here’s Why Having a Will Is so Important
Despite knowing the importance of creating one, over half of all Americans do not have a valid Last Will and Testament in place. Often, the reason given for not executing at least a basic Will is the belief that one is not necessary. Consider the following five reasons why executing a Will is important, especially […]
Insurance for Data Breach – What Is It?
There are many challenges small companies, including dental practices, face in today’s highly competitive world of business. As such, many businesses have taken actions to streamline operations, and have made the move to paperless offices and cloud computing in order to get an edge over competitors. Unfortunately, this has left them vulnerable to a risk […]