Posts by Ed Gabriel
Stereotypes About Dentists That Aren’t Always True
As a dentist, you probably already know and understand that there exist stereotypes about dentists that could bring about hesitancy for people to visit your dentist office. As much as people may acknowledge that oral health is as important as other types of health, many are ambivalent about undergoing any type of dental procedure, and…
Read MoreBest State to Start a Business
What is the best state to start a business? The state of Utah is considered the sixth best destination, or state, for both starting a new business, and opening a small business, in two separate national reports, released recently, that used various quality-of-life and business environment metrics. Utah ranked especially well for consumer spending, and…
Read MoreRunning a Successful Dental Practice
Running a dental practice is no joke. In this age of the internet which includes countless online directories, there have never been more options available for consumers when it comes to selecting a dentist’s office. In addition to searches online, consumers can also use social media to inquire with their friends about which dentist is…
Read More10 Profitability Killers for Small Businesses
As an owner of a small business, you don’t intend to get in the way of your profit margin, but you may be doing just that without even realizing it. Business owners naturally strive to do all they can to maximize profits, but without the appropriate tools and necessary accountability measures in place, they may…
Read MoreTax Planning for 1099
You are probably an independent contractor if you are self-employed or a freelance worker. The IRS considers someone who performs work for someone else, and controlling the way that the work is done, as an independent contractor. Tax planning for an independent contractor could look a little different. In short, as an independent contractor, someone…
Read More2021 Tax Updates
The year 2021 saw quite a few significant tax updates expected to prove quite beneficial to taxpayers. Among the changes that were implemented were increases to tax brackets and the standard deduction, in addition to extensions and expansions to some 2020 tax provisions, such as the expanded child tax credit. If you have yet to…
Read MoreHow To Protect Your Dental Practice If A Partner Become Disabled
Disability is a reality for many people in the United States. According to the Social Security Administration, one in four people will become disabled at some point before they reach retirement age. For dental practices, this can be a difficult issue to navigate. What happens if one of your partners becomes disabled? How do you…
Read MoreOrganizing Tax Documents
Here is an obvious statement: The U.S. tax code is complicated. Many people don’t mind paying their share of taxes, but the complexity of our tax system causes a multitude of problems. Federal estimates put the collective time spent on taxes at 6.08 billion hours in 2020. That is a lot of time to do taxes.…
Read MoreHow To Protect Your Income As A Dentist
There is nothing better than the feeling of peace and tranquility that comes with knowing you’re taken care of by someone who cares for your best interests. Unfortunately, dentists often forget their own needs when it comes time to protect themselves from financial loss in case something happens tomorrow or down the line. Start thinking…
Read MoreTax Planning/Strategies for Medical Practices
If you are a doctor, you probably make a good income. And because that is the case, you might assume you will owe more taxes to the government. Although your tax obligations are typically quite high, medical practices like yours have many legal tax strategies available to them. You might be surprised how much potential…
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