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 […]
Age Has Its Privileges: Income Tax Considerations for Seniors
By the time you turn 65, you’ve probably already started enjoying some benefits reserved for senior citizens. Restaurants, exclusive living communities, entertainment venues and many other businesses start offering discounts at 55. You may have already retired from your position in the dental industry and/or started to draw Social Security. Your health care benefits will […]
Severance Pay is Taxable
When you lay off employees, severance pay is often a part of the deal. According to the United States Department of Labor, this pay is not required under any circumstances. However, many employers choose to offer severance pay in order to ease the transition into unemployment or a new job. Unfortunately, even though severance pay […]
What to Do if Your Tax Refund Check is Stolen or Lost
Whether your tax refund check was lost or stolen, swift action is the best course of action to handle the situation. The longer you wait, the more difficult it becomes for the IRS to track the check and get your money to you. These are the steps you need to take. Lost Refund Checks Lost […]