Posts by Ed Gabriel
Alternative Minimum Tax – Take a Second Look
As a small business owner, you no doubt feel the burden of your taxes are too high. Your tax liability takes away from the profit margin you heavily rely on to keep your company viable and competitive. So, when you hear about the alternative minimum tax, your mind probably goes blank in disbelief to learn…
Read MoreWhat Dental CPAs Know About C Corporations and Implications for Taxes
If you own a new dental practice, you’ve likely incorporated your small business as a C-Corp by default. But is your dentistry business best served by a C Corp? The C-Corp is frequently an overlooked option for small business owners. Choosing to be a C-Corp business does offer some structural advantages not found with an…
Read MoreTax Extension Requests For Small Businesses
If you are a small business owner, you may have an ongoing challenge to stay on top of all your tax issues and responsibilities. Your schedule is constantly filled with duties related to running your business. But there could be serious consequences to your company – including financial repercussions – if you don’t file your…
Read MoreAutomobile Tax Deductions for Small Businesses
As a small business owner, have you tallied all the miles that you drive on a weekly or even a daily basis to tend to the needs of your company? You would probably be surprised at how fast you could rack up hundreds of miles in a short period of time. Think of all the…
Read MoreWhy a Small Business Owner Should Use a CPA for Tax Preparation
As an owner and operator of a small business, you wear many hats, and you are always on a tight schedule. You are mired in day-to-day responsibilities of inventory management, product development, customer relations, and the list goes on. So, when it comes time to prepare your taxes, you can either take on this ambitious…
Read MoreHow to Choose a Tax Attorney
You may need the services of a tax attorney if you are launching a new business, are confronted with a complicated tax picture, or the Internal Revenue Service (IRS) is investigating you. For any of these circumstances, and more, it would be a good idea to hire a tax lawyer for your small business. What…
Read MoreBookkeeping Outsourcing Nitty Gritty You Need to Know
As a small business owner, you are wearing many hats and balancing numerous pressing tasks requiring , in some cases, immense amounts of time and energy. Your main responsibilities revolve around managing employees, paying expenses, keeping track of inventory, and ensuring excellent customer relations. One area of the business operation that inevitably can prove nettlesome…
Read MoreBenefits of Bookkeeping for Dentists
Being a dentist takes up a huge amount of time and energy. There are the demanding duties related to dental services, as well as office administration, patient relations, some marketing, and overseeing the dental practice as a whole. Just the idea of adding another responsibility, let alone managing your finances, might seem overwhelming and even…
Read MoreBenefits of Tax Planning for Dentists
There is no doubt that accurate and efficient tax planning is vital for the success of your dental business. Operating a profitable dental practice entails more than just tax preparation. It requires the right tax planning to enable you to minimize, defer, or eliminate the amount of taxes your business owes. Rather than take on…
Read MoreStereotypes 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…
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