Tax Advisory for dentists
What could your dental practice do with an extra $50k?
It’s not uncommon for us to help our clients unlock up to $50,000 in savings through tax deductions. And we do it in three simple steps:
Filing your taxes is typically something any CPA, EA, H&R Block, or tax company can do. It's the most basic level of tax services available... and where most traditional tax firms stop. At Tooth & Coin, it's just the beginning. We don't simply file your taxes. We find you savings to help your business grow.
Our team takes a look at your specific situation to find the deductions and savings that apply to you. This is the stage where we can really save you some cash. So while Tooth & Coin is taking care of your taxes, you can figure out what you’ll do with all those savings.
We put the plan in motion by gathering and filing documentation to keep you compliant with the tax code. It’s easy to lose track of or forget to file the right documents when you’re on your own, but our team is on it! The step creates accountability to ensure your taxes are handled properly.
we'll Find deductions you never knew to look for
So you can focus on what matters
Taxes are a different animal when you own your own business. Between tax preparation and filing, calculating estimated taxes throughout the year, and the dreaded potential of an audit, if you don’t know what you’re doing, you can feel lost, and potentially get yourself into trouble. Let us tackle your taxes, find you deductions and savings, and give you more time and money to put back into your business.
Tackle your small business taxes with Tooth & Coin.
Tax Consulting, Planning & Preparation
Penalty-Proof Tax Estimates
Audit & Tax Notice Protection
Before we get to work on this year’s taxes, we like to dive into what’s been done for you in the past. It’s just like reviewing a patient’s medical history form or assessing x-rays before you give a proper diagnosis. We’ll review your tax returns from previous years and conduct a thorough interview so we can develop the best tax plan possible for your specific situation.
After that, we’ll be in a great position to prepare your returns and maximize your deductions and savings. Like we said, it’s not uncommon for us to unlock up to $50,000 in tax savings through deductions for our clients. We can even prepare additional returns for multiple owners, multiple practices, or multiple business entities.
Whether you’re just starting a small scratch practice, or you’re an established, multi-location business, Tooth & Coin can keep you in line with the tax code while finding the deductions you never knew to look for.
Paying estimated taxes throughout the year can feel tricky. How much is too much? How much is too little? And how can you accurately predict your earnings in the year to come. We’ll help you avoid the penalties of underestimating your taxes without gouging your hard-earned profits by projecting your taxable income and tax liability three times a year.
With our projections, we can forecast your profitability and adjust your estimated taxes accordingly. This keeps you from underpaying, which can lead to paying penalties come tax time. This also keeps you from overpaying. Overestimating your taxes might not seem so bad - you’ll get the money back, right? But that’s cash that could have gone to better use when you may have really needed it. Tooth & Coin makes sure our clients pay what they’re supposed to and nothing more.
We pride ourselves on our quality of work and prepare returns with diligence and accuracy. That means when you receive any communications from the IRS, from a simple tax notice to a serious tax audit, the team at Tooth & Coin is here to protect you.
Tax notices are letters from the IRS and can be received for many different reasons. Common reasons for sending a tax notice include:
- Informing tax payers about a correction on a return
- Requesting an overdue balance
- Notifying taxpayers about an overpaid tax
Whatever it is, we’ll take care of it. We can contact the IRS on your behalf and draft responses when necessary.
A tax audit is something you’ve certainly heard of and, no doubt, have been warned about. When Tooth & Coin prepares and files your tax returns, we do everything in our power to ensure they are accurate and adhere to the tax code. So if you’re being audited, you can count on our team getting you through the process as quickly and painlessly as possible.