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?
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 […]
Tax Audit Red Flag – Forgot to Report Income
Well, to put it bluntly, you can get caught. And when you do, the tax man will force you to pay back taxes, in addition to penalties and interest. So, why is forgetting to report all of your income a tax audit red flag? Because computers are very adept at matching all the income earned […]
The Risks with Using Email for Business
Email is an incredibly useful tool for dental practices dealing with basic information. However, using email to communicate with customers and other businesses can pose a serious risk for your practice if you don’t take the proper precautions. Because of the risks inherent in unencrypted email communications for hackers and identify thieves, businesses are warned […]
Depreciating Dental Equipment for Tax Purposes: What’s Required?
Depreciation is a very complex element of the tax code. It’s best you don’t try to tackle it on your own. From time to time, you may buy a piece of equipment for your dental practice. This can be anything from a small computer found at the front desk to a large CEREC machine in an exam […]
The Benefits of Accepting eCheck Payments for Small Businesses
Small businesses can benefit from accepting eCheck payments in many ways. It’s a good idea to explore the potential value it can bring to your dental practice before dismissing the idea or missing out on something that can add value to your practice for patients, while simultaneously helping your practice become more efficient and productive. […]