Posts by Ed Gabriel
Dental Industry Salary Trends in 2025: What Dental Practices Need to Know
As the dental industry continues to navigate a rapidly changing workforce, compensation and job satisfaction are taking center stage in 2025. The latest DentalPost Salary Survey reveals new insights into how dental professionals are feeling about their pay, benefits, and work environment—and what these trends mean for your practice. At DrillDown Solution, we work closely…
Read MoreDental Patient Financing: A Strategic Tool for Growth and Case Acceptance
As a dental CPA, we see firsthand how patient financing can impact both the financial health of a practice and the accessibility of care for patients. In today’s economic climate, offering flexible financing isn’t just a “nice to have”—it’s a necessity. But it’s not just about offering financing; it’s about offering the right kind of…
Read MoreBusiness Tax Deductions & Credits
When it comes to managing your business’s tax liability, understanding the difference between deductions and credits is key. While both can lower your tax bill, they work in distinct ways. Deductions reduce your taxable income, while credits offer a dollar-for-dollar reduction in taxes owed. However, the interplay between the two can sometimes limit the overall…
Read MoreThe Hidden Threat of Embezzlement in Dental Practices: What You Need to Know
Dental embezzlement is a serious problem that affects thousands of practices across the United States and Canada each year. While it’s easy to assume that embezzlement is a rare occurrence, the reality is that many practice owners are unaware of the risks and signs, allowing the theft to continue unchecked. In fact, it’s estimated that…
Read MoreWorkers – Are they 1099 or W-2?
Properly classifying workers as either independent contractors (1099) or employees (W-2) is a critical decision for businesses. While paying a worker as a contractor may seem easier, misclassification can lead to audits, penalties, and compliance issues with the IRS and state agencies. Employers often prefer 1099 workers to reduce payroll costs, while workers may favor…
Read MoreVehicles – The Road to Tax Deductions
When using a vehicle for business purposes, understanding the tax implications and deduction options is crucial. Whether the vehicle is personally owned or owned by the business, the IRS provides guidelines for deducting expenses, including mileage reimbursement and actual costs. However, vehicle tax rules are complex and frequently updated, making proper documentation essential. This article…
Read MoreI’m Starting a Business! What You Need to Know
Starting a business is an exciting but complex endeavor, requiring careful planning and attention to legal and financial details. From choosing the right business structure to managing taxes and accounting, understanding the key steps can set you up for long-term success. This guide outlines the essential considerations for entity registration, financial management, and tax obligations…
Read MoreRent Your Home to Your S Corporation – The Augusta Rule
Reduce Your Taxes With The Augusta Rule One often-overlooked tax benefit that could work in your favour is the Augusta Rule. If you own an S corporation, this “rent your home” provision might offer a smart opportunity to reduce your taxable business income. Here’s what you need to know about the Augusta Rule, its origins,…
Read MoreThe Tax Benefits of Hiring Your Children: A Guide For Parents
Hiring your children is one of the smartest tax strategies for small-medium sized business owners. It’s not just about saving money; it’s also an opportunity to teach your kids about the value of work, responsibility, and managing finances. This guide will walk you through the key benefits, tax rules, practical steps, and some often-overlooked advantages…
Read MoreCommon Mistakes Healthcare Practices Make in Real Estate Negotiations
Did you know real estate is likely your healthcare practice’s second-largest expense after payroll? Yet many healthcare professionals leave thousands on the table in poorly negotiated leases. An unfavorable lease or real estate negotiation can lead to unnecessary expenses, potentially costing you tens or even hundreds of thousands of dollars over time. That money could…
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