Onlyfordentists

Do You Qualify for the Earned Income Tax Credit?

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There are many requirements you must meet in order to qualify, but it may lower your tax bill. Supporting a family can be difficult, not to mention expensive. Working families whose income is fairly low need all the help they can get with their income taxes. The Earned Income Tax Credit (EITC) was put in […]

Steps to Take When Your Sensitive Data is Breached

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Roughly 267 million records were exposed during data breaches just in 2012 alone, the global information services organization Experian estimates. With numbers like these, most businesses find that it’s not a matter of “if” their data will be breached, but “when” it’s going to happen. With data breaches becoming such a common problem for people […]

Tax Audit Red Flag – Money Losing Business(es)

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The fifth article in our series about IRS audit red flags focuses on claims about businesses losing money. It’s one thing to have an occasional loss, especially during economic downturns when businesses everywhere are losing money. Rest assured, however, that the IRS knows the current trends of businesses and industries on a local and national […]

Why Small Businesses Need Agreements in Writing

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Small businesses often capitalize on their less formal, more personal, approach to their customers and clients. While there is nothing wrong with this approach in general, it should not extend to business agreements and legal matters. On the contrary, a small business, including dental practices, should insist on reducing all agreements to writing just like […]

Is Your Practice Eligible for Health Insurance Tax Credits?

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The Affordable Care Act (ACA) can save your dental practice money through its tax credits. If your practice has employees, you’ve undoubtedly been paying attention to the news coming out of Washington, D.C., about the Affordable Care Act (ACA). This law was designed to be implemented in waves, rather than all at once, and there […]