October 15, 2021Dental Business Hacks
S Corp Vs. C-Corp — Which Business Entity Is Best For Your Dental Practice?
Starting a new dental practice? When you file articles of incorporation in your state, you’ll typically incorporate your business as a C Corp by default. But dentists are often better served by choosing an S Corp. This is very similar to a C Corp, but has some unique advantages that make it a better option for dentists. In this blog from Tooth & Coin, we’ll take a look at the basics of both S Corps and C Corps, and why most dentists should choose an S Corp.
October 22, 2020Dental Business Hacks
Home Office Deductions for Dentists
If you have a home office, there is no reason to keep it off of your tax return. As long as you completely separate your clinical duties from your managerial and administrative duties, you are absolutely eligible as a dentist to take the home office deduction. Let’s dive into the ways you can get started.
August 16, 2018Dental Business Hacks
Dental Tax Tips #1: Section 199A With an Update
In late 2017, Congress passed the Tax Cuts and Jobs Act. While the first draft of the Act was received fairly negatively, the later versions had a much better reception and were eventually passed with an effective date of 2018.
September 30, 2014Dental Business Hacks
MultiStep-Guide: How to Save on Your Dental Supply Costs.
This is my multi-step guide on how to cut your dental supply costs down to 5%.
March 14, 2019Dental Business Hacks
Dental Tax Tips #4: Most Common Expenses for a New Business Owner and Associates
Generally, under Federal tax law, a trade or business expense will not qualify for a deduction unless you are able to substantiate it. This usually includes some form of documentary evidence (receipts, checks, or bills).
September 29, 2014Dental Business Hacks
Working Less and Making More on the Relentless Dentist Podcast
Join Dr. David Maloley and I for a discussion.