Opportunity Zones Promote Economic Development and Tax Savings

It’s hard to believe that tax reform was passed almost two years ago, and there are still aspects of it that tax preparers and the public are just beginning to understand. One aspect of tax reform that hasn’t received much attention until recently refers to Opportunity Zones. Section 1400Z, a new addition to the tax … Continued →

Income Tax Planning for Dentists in 2019

Now that tax season is here, you’re probably gathering last year’s receipts and financial documents and preparing for the meetings with your dental CPA. Even though your CPA will handle the heavy lifting, here are a few common items that are essential to tax planning for dentists. Tax Savings for 2019 and Beyond Health insurance … Continued →

How Is Tax Reform Affecting Dentists’ Tax Returns in 2019?

The Tax Cuts and Jobs Act of 2017 made sweeping changes to the federal tax code. Even though we’ve had a year to adjust, this filing season is the first time we’ve really started to see the results of changes that went into effect during 2018. There were a number of tax changes affecting dentists … Continued →

In the Rearview: Major Tax Changes in 2017 (and Predictions for 2018)

2017 saw several changes to the U.S. tax code, not the least of which was federal tax reform. Even though none of these changes will affect you this tax season, new tax regulations are in effect now and will affect you for quarterly estimated payments in 2018 and beyond. Now is the time to understand … Continued →

Federal Tax Bulletin: Tax Reform for Businesses

In our previous post, we outlined several areas where the federal tax code is changing, thanks to the passage of the Tax Cuts and Jobs Act in late December. While several provisions deal with individuals, as we pointed out in our latest post, the new tax law contains a myriad of changes for businesses as … Continued →