How to Complete Your 401(k) Annual Census: A Step-by-Step Checklist If your company sponsors a 401(k) plan, submitting accurate annual census data to your Third-Party Administrator (TPA) is one of the most important tasks in your retirement plan administration process. This data drives everything from employer match calculations to required 401k compliance testing—and delays can
Understanding the IRS Math and Taxpayer Help Act If you’ve ever received an IRS notice claiming there was a “math error” on your tax return—only to be left scratching your head about what actually went wrong—you’re not alone. For years, dental practice owners and other taxpayers have been frustrated by vague IRS notices that provide
ESSB 5814 Tax Guidance for Dental Study Clubs: What Dentists Need to Know Before October 1, 2025 Washington State’s Engrossed Substitute Senate Bill 5814 introduces significant changes to how professional services are taxed, particularly affecting dental study clubs and continuing education presentations. This article provides our interpretation of the new law and practical guidance for
Running a successful dental practice isn’t just about delivering exceptional patient care — it’s also about making smart financial decisions that protect and grow your business. That’s why choosing the right CPA for dentists can be as important as choosing the right lab or supplier. For private practice owners, working with a private practice dental CPA offers
Press Release FOR IMMEDIATE RELEASE Dental Accounting Group Named to Inc. 5000 List for Second Consecutive Year — Leading the Way in Specialized Dental Practice Accounting Bellevue, WA — August 13, 2025 — Dental Accounting Group, a leading provider of specialized accounting, tax, and advisory services for dental practices, has once again been recognized on Inc.
The OBBB (Oh-Triple-Bee as we are starting to call it) Act officially passed and signed into law on July 4th, 2025 by the President. We have been diligently reviewing source material to craft our tax planning approach for 2025 and future years. Please note that we are still waiting for additional IRS guidance, but in
2025 brings some notable changes to local taxes in Washington State. Capital Gains Tax The Washington capital gains tax has been in place for a few years now. Washington taxpayers are subject to a 7% tax on long-term capital gains that exceed an annual threshold (currently $270,000). An additional 2.9% tax is now being added
The PDF version of our formal letter can be found Here January 29, 2025 RE: Testimony in support of HB 1535 / SB 5351 Our firm specializes in working with dental practices, which we have been doing since 1989. We understand the economics of the dental profession, how the current financial model dictated by
Another Important Update… as this issue appears to continue unfold. There is another temporary pause on enforcement. Regardless, our recommendation is to discuss with your attorney and pre-emptively file assuming it moves forward. It’s not worth the time and energy thinking about it. File and move on… Not legal or tax advice. Just sharing my
Written by Kevin J. Bray, Partner @ the Dental Accounting Group Navigating the financial landscape of a dental practice is a bit like perfecting a smile makeover – it requires precision, expertise, and a keen eye for detail. As dental CPAs specializing in accounting and business advisory for more than 400 dental practices in the Pacific
