Overview

A full appointment book can still leave a dental practice facing a tax surprise. The Dentist's Guide to Taxes brings year-round U.S. federal tax considerations into the everyday decisions of practice owners and self-employed dentists. It also speaks to associates preparing to buy a practice and office managers who handle tax records. The focus is on the information behind deductions, payroll, equipment purchases, and retirement contributions. Morgan Price starts with a basic distinction: production, collections, cash in the bank, and taxable income tell different stories. Through dental-practice scenarios and recordkeeping workflows, the book connects daily close reports, vendor invoices, payroll files, and equipment registers to tax questions. Conditional examples address deduction timing, cash planning, retirement-plan costs, and acquisition terms, with clear points for involving tax and legal advisers. Trace collections to a supportable receipts figure and identify discrepancies that need an accountant's review. Keep evidence for lab fees, supplies, mixed-use costs, and equipment so deductions can be assessed on their actual facts. Examine associate classification, payroll-tax deposits, and S-corporation owner pay using records that reflect how the practice operates. Use a rolling cash forecast to consider tax payments and retirement contributions alongside payroll and other obligations. Check state ownership restrictions and purchase-price allocation issues before signing a practice acquisition agreement. Use this guide to bring clearer records and sharper questions to your next conversation with an adviser.

Full Product Details

9781761591426

Table of Contents

Reviews

Author Information

Tab Content 6

Countries Available