Lightning Talk #12:7 cognitive biases we shouldn’t ignore in research by Ruth Ellison
TAX TIPS DENTISTS SHOULDN’T IGNORE
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Transcript of TAX TIPS DENTISTS SHOULDN’T IGNORE
TAX TIPS DENTISTSSHOULDN’T IGNORE
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No one wants to pay more taxes than therequired one, right? If you are one of thedental accountants in Kansas city,then, here is a small guide by EngageAdvisors which can save you by makingsure not more than the required amountis paid in taxes. These tax tips shouldabsolutely not get ignored in any case.
MODIFY YOUR PLAN OF RETIREMENTFOR TAX PURPOSES
Your goal should be moving more money towardsthe retirement plan. Significant profit-sharing shouldbe contributed to the retirement savings. This willhelp in a reduction in the taxable income for thebusiness.
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If the practice is done in a building, considerspeeding up the depreciation deductions. You candepreciate anything from furniture to windowtreatments. Do a cost segregation study so thatthe required tax benefits can be received.
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SPEED UP THE DEPRECIATIONON YOUR BUSINESS PROPERTY
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In case a family member works, make sure to paythem a proper salary. Keep the wages reasonable.
These are some of the tax tips which can help tosave taxes. If you are looking for a dentist CPA inChicago, then, don’t hesitate to visit the officialwebsite of Engage Advisors for further tips andadvice.
IF A FAMILY MEMBER WORKS FORTHE FIRM, PAY THEM A SALARY
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Ph No.- 9136811350 7285 W 132nd St #140, Overland Park, KS
66213, United Stateswww.engageadvisors.com