Tax Updates for the Business of Dentistry.
Contact Executive Director: Scott Henderson: wwvds1@gmail.com
2023 Inland Northwest Dental Conference
PNDC 2023: Pacific Northwest Dental Conference
PREFERRED PROVIDER
DEADLINES January 31, 2023: Deadline for all Forms 1099-NEC filing including e-filed forms Deadline for all payroll tax reports, W-2’s & W-3 February 28, 2023: Deadline for 1099-MISC if paper filing March 15, 2023: Deadline for filing S-Corp and Partnership Tax Returns or Extensions March 31, 2023: Deadline for 1099-MISC if e-filing QUICKBOOKS QuickBooks Pro
UPCOMING DEADLINES Fourth Quarter 2022 Estimated Tax Payments are due by Tuesday, January 17, 2023. (see below) INCOME TAX RETURNS Partnership and S-Corporation tax returns are due Wednesday, March 15, 2023. Individual and C-Corporation tax returns are due Tuesday, April 18, 2023. PAYROLL REPORTING Forms 1099-NEC, W-2, and W-3 are due Tuesday, January 31, 2023.
Dentists, like any other business owner, have to worry about the financial aspect of their practice. This includes keeping track of their income and expenses, preparing and filing taxes, and making sure they are operating in a financially healthy manner. While some dentists may be able to handle these tasks on their own, it is
Bookkeeping is an essential aspect of running a successful dental practice. It involves keeping track of the financial transactions of the business, including income, expenses, and profits. Proper bookkeeping allows dental practices to monitor their financial health, make informed decisions, and meet their financial obligations. Bookkeeping for dental practices typically involves recording transactions in a
Updated October 12, 2022 UPCOMING DEADLINES October 17, 2022 – Extended personal tax returns Form 1040 are due October 31, 2022 – Personal Property and Real Estate Taxes are due October 31, 2022 – Unclaimed Property Reporting deadline – for more information visit https://ucp.dor.wa.gov/app/submit-a-report December 1, 2022 – Distribute a notice of eligibility to all eligible
Updated: 2/16/2021 Under the CARES Act, employers who received a PPP loan were not eligible for the Employee Retention Tax Credit (ERTC). This qualification was repealed with the Consolidated Appropriation Act of 2021. Below is a summary of the key provisions of the credit, reflecting changes made by the new law: Time period credit is
Updated: 1/7/2021 As you may have already heard, the newest round of COVID-19 Stimulus was signed into law on December 27th, 2020. The new Act created another PPP loan opportunity for qualifying businesses. We believe many dental clinics will qualify for a second forgivable PPP loan. The new SBA & Treasury interim guidance was released
Updated 12/11/2020: As we have been working through 2020 tax projections with clients, we are seeing many offices have higher taxable income and tax liabilities over 2019 performance, despite the COVID shutdown. This is somewhat counter to expectations and a surprise to some practice owners. The causes for the added income are the PPP funds,
There is more to our profession than “dropping numbers in boxes” and filing tax returns once a year. We are more than your average accountant, CPA, EA or Bookkeeping professional. We pride ourselves in our bench of knowledge, client obsession and proactive approach. We are students of the business of dentistry. Through working with only
Since March 17th, we have been proactively distributing information to our clients and the larger dental community through our partnership with the Washington Academy of General Dentistry. We’ve invested thousands of dollars worth of our billable hour time on these webinars. Our team has read the 800+ page CARES Act statute and additional SBA &
