Few see doctors as business people, and few doctors will admit to being businessmen, but the reality is that those who do operate their own practices, must find a balance between caring for their patients and running a service-based business. Even some of those doctors employed by hospitals or other medical facilities will be required to make important financial decisions. With many doctors having spent years in training at medical… Read More
Penalties For Incorrect Tax Returns
There are of course, strict penalties in place for those who incorrectly file their tax return, whether it’s a business or personal one, but the IRS will not assess a penalty if it owes you or your business, a refund. You can even claim your refund late by filing an amended tax return within three years, but if you owe money to the IRS and fail to pay because of… Read More
Don’t Be An Over-Taxed Dental Practitioner!
Did you know that dental practitioners are among the most over-taxed people in America, with research showing that around 95% are overpaying their taxes by 10 to 50%? They also rank highly among those who voluntarily pay more tax than they are required by law to pay, and this is usually because their tax professional is simply not doing their job properly. The tax system seems hell bent on forcing… Read More
Do You Need A Tax Specialist For Your Small Business?
Whatever the time of year, taxes are never far from the thoughts of most small business owners, and planning and preparing for them is an all year affair. Many small companies use tax professionals to assist them with their taxes, not only for convenience, but for ensuring that their returns are timely and correct, and if you don’t yet have one, perhaps you should? What is a tax professional? Tax… Read More
Your 2019 Tax Queries Answered – Part Two
Tax time comes around with surprising regularity, and when it seems you’ve only just got over the stress of filing in time for the deadline, that time of the year comes around again and our taxes loom over us like a rain cloud. With the tax reform now in full swing, it’s more important than ever to get your taxes right, and to try to understand the changes to the… Read More
Your 2019 Tax Queries Answered – Part One
Tax filing can be a confusing and complicated debacle at the best of times, but with the effects of the new 2019 Republican Tax Law beginning to reverberate around the country, things just may have gotten out of hand. With some tax breaks having been scrapped or capped, and others being introduced or expanded upon, it can be tough to stay on top of things. So, here is the first… Read More