Keeping current and accurate financial statements should be a top priority for dental practices. Having concise financial data allows dental professionals to make critical business decisions at a moment’s notice. At Casey Moss Tax, we provide a tailored experience to dentists and oral healthcare practices, helping you minimize your tax obligations and improve your bottom line every year.
While we service many industries, dental accounting is one that requires more experience and industry knowledge than many others. Which medical supplies should be depreciated and which ones should be expensed? When should we recognize income from insurance providers? Should we outsource our medical billing? Questions like these require expert advice.
At Casey Moss Tax, we provide massive value to dental practices. Many dentists hire internal accountants or bookkeepers to take care of their bookkeeping needs. However, by outsourcing these services, dental practices can cut the costs of healthcare, payroll taxes, and many other personnel costs that go along with hiring internally. We have efficient processes that are ready to implement for your practice, cutting down the time and cost of hiring someone from scratch.
Aside from that, we provide tremendous value with our industry knowledge. Stop spending time researching how to depreciate your equipment, how to keep record of your income, and what receipts you need to keep. Let us guide you through your requirements so you can focus on running your business.
Accurate accounting is just one piece of the puzzle. Let our firm take the wheel and guide you through tax preparation and tax planning for your practice as well, helping you mitigate your tax liability and focus on running your business.
Whether you’re an S-corporation, partnership, C-corporation, or a sole-proprietorship, Casey Moss Tax has you covered. Let us keep you up-to-date on tax law changes that are specific to dental health professionals, making sure you never overpay again.
We don’t just stop at business tax and accounting. In order to plan efficiently, it’s critical for your accountant to review and understand your entire financial picture. This includes your personal tax situation. For most small businesses, your business income directly ties into your personal tax return. Understanding flow-through income and planning for your personal tax obligations is critical for healthcare professionals.
Do you find yourself spending too much time worrying about payroll tax obligations and making sure your team gets paid on time? At Casey Moss Tax, we provide full-service payroll processing, including direct deposit and automatic payment of payroll tax liabilities. The less time you spend crunching payroll data, the more money you can earn doing what you do best.
Understanding tax laws specific to healthcare professionals can make a significant difference for your tax liabilities. For example, maximizing your Qualified Business Income Deduction (QBI) is critical since most dentists are considered specified service businesses. Let us provide you with an array of options to plan properly and save money in taxes each year.
We understand that dentists and oral healthcare professionals are incredibly busy. It’s difficult enough managing employees, servicing patients, and dealing with insurance companies, all while trying to keep an eye on your finances and tax obligations. Every hour spent on these tasks is an hour that could instead be spent taking care of patients and earning more money. Do what you do best, and we’ll do what we do best:
We want to work with you! Let our team guide you through our process so that you can focus on what you do best. Book your consultation today, or call Casey Moss at 815-953-6840.
Not a Naperville dentist? No problem! All of our services are also offered virtually. You can book your virtual consultation using the link above today!