Year-End Tax Planning Considerations for Dentists

Art of Dental Finance and Management

In this episode of The Art of Dental Finance and Management podcast, Art meets with Mel Schwarz, JD, CPA, Director of Legislative Affairs in Eide Bailly’s National Tax Office. Art and Mel discuss the various tax legislation influencing dentists’ year-end tax planning and how to best minimize tax liabilities.

Some tax considerations include:

• Employee Retention Credit (ERC)

• Inflation Reduction Act (IRA)

• Energy efficiency incentives

• Electric vehicles

• Tax-exempt organizations

• Recognizing capital gain

• Retirement plans

• Tax rate increase

• Depreciation of equipment and vehicles

• Deductions

• And more

Reach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist.

Being more strategic in all aspects of your dental practice will lead to increased profitability. https://www.eidebailly.com/industries/health-care/dentists#chatForm