Articles

Tax Planning Strategies: Tips, Steps, Resources For Planning

There are several tax planning strategies that are recommended to reduce the amount of taxes you may have to pay. Generally, tax planning involves finding potential tax deductions or tax credits. Tax deductions reduce taxable income, while credits reduce what taxes you pay on your taxable income. Reduce Taxable Income and Maximize Tax Deductions A deduction lowers your taxable income and the tax rate used to calculate your tax, for a larger refund. A credit reduces your tax amount to be paid. Certain tax credits can give you a refund

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How Much Does It Cost to Build a Dental Office?

If you are looking to start your own dental practice, you might be considering opening it up in a new community where there are no existing practices. This may mean you will need to build a new dental clinic and office and are curious about the various considerations and factors that affect what you might expect to pay, beyond the obvious construction costs. Aspects such as the location will have a large impact on the cost to build. However, it is also important to consider getting value out of your

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bookkeeping checklist

Monthly Bookkeeping Checklist

When you run a dental practice, it is essential to keep your financials in order. If you don’t know what money is coming in or out, or what tax obligations or other financial obligations you have, you cannot make educated financial decisions and you can run into financial difficulties, despite having a busy practice that could otherwise be successful. Patients and family always come first. Dental practice owners in particular need to keep good records to stay on top of their financial health, since small businesses often do not have

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Dental Bookkeeping 101: Bookkeeping Guide and Tips for Dental Practices

As a dental practice owner, you have much to worry about besides just taking care of teeth. You need to ensure that your practice is attracting new patients, making money, paying its accounts payable, and earning a certain amount to cover its expenses and payroll. It is a lot to think about. Bookkeeping can help you keep track of your profits and expense transactions in a detailed and organized manner. It is beneficial for making informed decisions about your dental practice. But what is bookkeeping, and where do you start?

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How Much Does a Dentist Make in Canada?

Are you considering a career as a dentist and wondering how much does a dentist make in Canada? The Canadian Dental Association describes dentistry as an “artistic as well as scientific profession. Dentists must have an artist’s aesthetic sense, an eye for detail and manual dexterity to perform precise procedures… Dentists must also be good communicators”. This range of aptitudes, plus high educational requirements, is reflected in salaries. Dental School Usually, a university science degree is completed before acceptance into a dental program for four years. This qualifies someone for

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