Dental Tax Planning
If you don’t plan for taxes properly – or at all – your income and economic security will suffer. But, there are tax planning strategies that can help you lessen the tax impact on your practice and your personal income.
A tax strategy considers all financial aspects of your dental practice: the business structure, compensation model, bonus format and equipment or other purchases and expenditures. These can all affect your business and personal tax liability.
With tax planning, timing is everything. A proper tax plan can help you understand when is the right time to invest in your practice, make a major purchase, or bring in a parent. Rea’s dental tax team includes federal, state and local tax professionals who will help you navigate the complicated and significantly layered structure of the tax system as it affects you and your practice.