Taxes

What is a 529 College Savings Plan?

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Today saving for college is more critical than ever before. Tuition and fees are already at all-time highs and the cost is only looking to increase in coming years. The 529 college savings plan is one of the most effective methods for parents interested in investing for their children to go to college. The 529 […]

Tax Advantages of Donating Stock

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Making donations to non-profit organizations is a great way to do good works in the community your dental practice serves. It can also be a huge tax advantage to small businesses – especially if you take advantage of one not so widely known option to double up on your tax benefits. Donating appreciated stocks allows […]

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 […]

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 […]

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 […]