Articles

Whoever said trips to the dentist aren’t fun clearly never had to deal with business taxes. For dental professionals, the process can be especially tedious, with expenses, services, and write-offs often far from straightforward. A smooth tax season depends heavily on organized recordkeeping and strategic planning. In this article, we’ll explore six essential bookkeeping best practices to help dental practices keep their financial reporting in perfect health—no cavities included. 1. Use Bookkeeping Software This first item on our list of bookkeeping best practices for dental practices seems obvious, but it’s

With this new year comes a new tax to-do list for Canadian dentists. Policy changes, program expansions, and plan roll-outs mean significant adjustments in everything from recordkeeping practices to reporting. This article outlines 2025 tax changes for dental professionals alongside other important updates worth prioritizing in the year ahead. Input Tax Credit (ITC) Claims Process to Complexify The Change The Canada Revenue Agency (CRA) is eliminating a significant tax arrangement that has benefited dental practices for years. Starting in 2025, dental professionals can no longer automatically claim 35% of their

Running a dental practice isn’t just about providing excellent care to your patients – it’s also about ensuring the financial health of your business, and sometimes, that starts with the basics, even if you’ve been up and running for a while.  Accounting can seem daunting at first, especially if you’re opening a new dental office, but understanding the basics is key to managing your practice effectively. Following a basic guide can help you build a strong financial foundation.  Professional Tax Planning Tax obligations for dental practices include income tax, payroll