7 Smart Strategies for Dentists to Pay Less Tax in Retirement
Retirement is when you want to spend more time enjoying life than worrying about taxes. That’s why it is important to have the right tax … more
Retirement is when you want to spend more time enjoying life than worrying about taxes. That’s why it is important to have the right tax … more
Dental practice values are back up. Everyone’s hounding you to sell. Maybe you’re tired of the daily grind of running a dental practice – especially … more
A recent tax court victory for the Davis Dentistry Professional Corporation case has paved the way for dentists and orthodontists to qualify for HST refunds. … more
Covid has resulted in many costly and some argue necessary government programs. Pundits suggest the top 1%, including dentists, will end up paying for these … more
COVID has fundamentally changed how we live and how businesses operate. It has taught us the importance of being resilient and to look for opportunities … more
An important consideration during the sale of a practice is the amount of taxes arising from realizing a capital gain – the underlying asset primarily … more
In the past, our clients have frequently enquired about claiming tax deductions for car expenses and home office expenses. Let’s review how the COVID-19 pandemic … more
UTILIZE TAX LOSSES Tax losses generally fall into two categories: non-capital losses and capital losses. Non-capital losses arise from normal business operations (i.e. where deductible … more
1. Sharing is Caring/Saving Use family members in the tax savings game. Many dentists have a dentistry professional corporation (DPC). DPC’s if structured appropriately facilitate … more
It’s that time of year to get in some late minute tax planning before it’s too late. Here are our ten tips for a tax-friendly … more
Dental students and associates are a busy bunch. With long hours and a hectic schedule, figuring out your tax filings can slip down your priority … more
The president of a Cambridge dental supply business took over $400,000 from the company to pay for maid services, landscaping and cottage renovations, a court … more
Beep beep beep. You reach over and push the snooze button. Beep beep beep. This time you reach over and slap it. When you wake … more
April is here – and so is tax time. It’s when we’re all reminded of our civic duty to contribute to society through taxes, which … more