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Dental Economics Revisited: Are the New 2024 Washington Delta Dental Reimbursement Changes Sufficient?

Author: Kevin J. Bray, Partner @ The Dental Accounting Group Starting in 2020, Washington Delta Dental (DDWA) introduced pivotal changes to its Provider Reimbursement Model (PRM), designed to address the economic challenges and feedback from dental care providers across the state. This collaborative approach has culminated in a revised system that’s attempting to meet the

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9 December, 2023

News You Can Use – Issue 3: October 2023

RETIREMENT PLAN LIMITS The 2023 maximum total contributions to a defined contribution plan (401k/Profit Sharing, SEP) is $66,000 or $73,500 with an over age 50 catch-up contribution. We encourage our clients to review their retirement plan every few years to be sure they are utilizing the most advantageous plan available. DEADLINES October 31, 2022 –Personal

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27 October, 2023

The Successful Dentist – Issue 3: August 2023

Deadlines & Misc.Third Quarter Estimated Tax Payments are due by Friday, Sept 15, 2023 September 15, 2023 is the deadline for timely filing extended corporate and partnership returns. Fiduciary (trust/estate) returns are due October 2. 2022 RETIREMENT PLANSEmployer contributions for taxyear 2022 are also due on September 15, 2023 for corporations and partnerships. Individual proprietors

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31 August, 2023

The Successful Dentist – Issue 2: April 2023

Deadlines & Misc.First Quarter 2023 Estimated Tax Payments are due by Tuesday, April 18, 2023.  See Below. INCOME TAX RETURNSTuesday, April 18 is the deadline for timely filing or extending individual income tax returns. In order to avoid penalties and/or interest, 2022 tax due must be paid with the filed return or extension by April

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15 May, 2023

News You Can Use – Issue 2: April 2023

DEADLINES June 15, 2023 Quarter 2 Estimated Tax Payments QUICKBOOKS QuickBooks Pro 2023 is now available for purchase.  Please update to QuickBooks 2023 if you are currently using 2021 or older.  Or talk with us regarding switching to QuickBooks Online – this may be the best option for most! IRS STANDARD AUTO MILEAGE RATE The standard

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15 May, 2023

News You Can Use – Issue 1: January 2023

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

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11 January, 2023

The Successful Dentist – Issue 1: January 2023

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. 

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11 January, 2023

Why Dentists Should Use a Dental Specialized CPA & Accounting Firm

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

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12 December, 2022

Intro to Bookkeeping for Dental Practices

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

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10 December, 2022

The Successful Dentist – News You Can Use October 2022 Edition

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

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12 October, 2022