bookkeeping for dental practices

If the work is adequate, and the practice sees there’s more slack to be picked up, it can expand the contract to more hours. This way, costly overestimations of time can be avoided, and the practice can test the bookkeeping professional before wholly committing. If you are a dental professional with taxable income, it is highly recommended you hire a dentist CPA to help your practice with complicated tax issues exclusive to dentists.

Build your knowledge of the numbers with our weekly blog posts. There are some things to remember before you dig into bookkeeping because if you start to work and you have forgotten to do something a certain way, it could be quite the mess to go back and make changes. Therefore, at the top of our checklist, we list items that we need to remember before we start anything. Lastly, the Section 179 tax deduction allows you to lower your tax liability for this year instead of categorizing it as an asset and depreciating it over multiple years as smaller tax deductions. From this, you and potential buyers know if your DSO is financially stable, consistently profitable, or growing in profitability.

Reconcile payroll & gross it up

This includes equipment, technology, software, vehicles, and more. You may have heard about Section 179 tax deductions from tax professionals or bookkeeping services online. Understanding tax laws specific to healthcare professionals can make a significant difference for your tax liabilities.

We believe that your time is better spent on treating patients and building your practice and relationships than worrying about your finances and accounting issues! No more rushing at dental bookkeeping the end of the year to get your books ready for tax season. No more questioning your financial standing in the 4th quarter when your CPA is ready to make recommendations for taxes.

Get Back to What Matters Most with Casey Moss Tax and Accounting!

If we decide to press forward with a Business Advisory or Tax Patrol Services engagement, we will credit the consultation fee towards those services. If you don’t need convincing and already want our services and you simply have some housekeeping questions, we answer those at no charge. Charging a consult fee to tell you how great we are is not cool. Behind every thriving business, there lies a robust, harmonious team. Assembling a team that amplifies your vision and accelerates your practice’s growth trajectory can be challenging. Even with the right talent on board, obstacles may still impede peak performance.