The 2025 One Big, Beautiful Bill Act (OBBBA) brings the most sweeping tax reform since 2017. Here’s what every dentist needs to know about deductions, credits, and planning strategies.
Why Accurate Bookkeeping is Crucial for the Financial Health of Your Dental Practice?
If you’re like most dentists, you didn’t start your practice to spend hours reconciling accounts or analyzing financial statements. However, accurate bookkeeping is the cornerstone of any profitable dental practice. Without it, you can’t make informed decisions, minimize taxes, or plan for sustainable growth.At Only for Dentists, we offer specialized bookkeeping and accounting services for […]
Tax Reduction Tips for Dentists
Learn the new tax legislation, learn how to lower taxes and increase revenues at the same time. January 10, 2018 – learn more Join dental expert Kevin Henry in an interview with the founder and president of Only For Dentists, Bassim Michael, CPA, CVA, MS, on how to grow your revenue in 2018. We will discuss […]
Why You Need a Dental CPA
Just as a neurosurgeon specializes in brain or spine surgery, a dental CPA specializes in performing accounting and advising tasks for dental practices. Having a specialist on your team can be beneficial in many ways. Here, Only for Dentists explains why enlisting the expertise of a specialized dental CPA is so vital to the success […]
Top Dental Bookkeeping Mistakes
Dental practices can cost themselves hundreds or even thousands of dollars by making relatively simple accounting mistakes. Here, the CPA and accounting professionals at Only for Dentists detail the top dental bookkeeping mistakes. Recording Transactions in a Previous Period Dental practices should “close their books” at the end of every month, which includes reconciling all […]
Here are the Documents You Need When Deducting Business Expenses
Most ordinary and necessary business expenses are deductible as long as you have the proper documentation. If your return is audited, the IRS may require that you show the type of item purchased and that payment was made. Here are some examples of acceptable documentation. Checks. A canceled check can be used as proof of payment […]