Plan Ahead. Save More. Stress Less.

Tax Services for Dentists

Your Partner in Dental Tax Savings

Get accurate tax projections, strategic advice, and timely filing—so you never face surprises at tax time.

Tax Projections

Tax Projections is the process of estimating income and deduction for a dental practice owner from various sources, taking deductions as allowed per IRS rules and arriving at a taxable income and tax amount.

A tax projection is based on a set of assumptions.

We start with the income and deduction information from your prior year financial statements to arrive at an estimated income for your current year. We adjust for anything we know about the current year which includes changes in income, tax rates, potential deductions, etc.

We also include, other typical income sources which include spouces’ salary, interest/dividents, capital gains.

Then, we calculate what your taxes would be based on those conditions.

We perform these calculations in the October/November timeframe so that the dentist has a good estimate of their tax bill for the current year.This also allows the dentist tax payer to apply any tax strategies, if they want.

Tax Preparation Services for Dental Practices and Dentists

Dental practices are typically setup as pass through entities such as S-Corporations, Partnerships or PLLCs. Not only do these entities have to file an annual federal tax return with the Internal Revenue Service (IRS), they are also required to file a number of other tax returns / forms on a quarterly or monthly basis. Non-compliance and/or incorrect filings can result in penalties and interest. Some of the returns are required to be filed on the state level and others on the federal level. Filing requirements differ based on business structure and state. Here is a list of commonly required tax returns and periodic filings for most entities:

Federal Income Tax Returns for Dentists

Individual Tax Return (Form 1040)
Corporate Tax Return (Form 1120 or 1120S)
Partnership Tax Return (Form 1065)
Schedule C as part of Individual Tax Return

State Tax Filings for Dentists

Franchise Tax Return
Sales and Use Tax Return (May be)
Business Personal Property Rendition (Call us if you’ve never heard of this one.)

Payroll Tax Filings for Dentists

(Filed by the payroll service provider)

Quarterly Payroll Report (From 941)
Federal Unemployment (From 940)
Unemployment Filings with State

Tax Packages

(Includes Monthly Bookkeeping)

For Dental Practices With Collections Up To One Million

Service	Platinum	Gold	Lite Tax
Monthly Base Fee	$1,350	$700	$525
Bookkeeping Monthly
Bench Marking Analysis
Filing Form 1099 for Vendors
Business Questions
Tax Coaching/Questions
Tax Projection October/November
S-Corp/Partnership Tax Return (if needed)
Bookkeeping by the 5th Business Day
Tax Projection July/August
IRS/State Notices (non-payroll related)
Communicating With Third Parties
	Get Started	Get Started	Get Started

Dental CPA Fees

Service Packages

Silver Package

Bookkeeping for Dental Practices

(No tax questions or services.)

$400/month

We use an inhouse built accounting software. (No QuickBooks online subscription needed, saving you $60/month.)

1. Monthly bookkeeping service by Dental CPA.

Monthly Balance Sheet
Profit and Loss Statement Monthly and Year to Date
Statement of Cash Flows
General Ledger

2. Overhead Percentages
3. Bench marking analysis
4. Filing form 1099 for vendors that we have receive W-9s
5. Phone calls/meetings/advisory services related to your dental practice

Gold Package

Bookkeeping / Tax Services for Dental Practices/Owners

$700/month

Includes everything in Silver Package.
One (1) tax projection for one practice owner doctor each year.
Answers to your tax questions. (There might be some limitations.)
Tax Coaching
S-Corp or Partnership tax return, if needed. (One Yearly federal and one state tax return for the dental practice.)

Platinum Package

Bookkeeping / Tax Services / Growth Assistance for Dental Practices/Owners

$1350/month

Includes everything in Gold Package.
Financial statement completed each month by the 5th business day.
Two (2) tax projections for one practice owner doctor each year.
IRS/State Notices (non-payroll related)
Communicating with third parties (loaning institutions/financial planners/401k Administrator/etc.)

Qualifiers:

This offer is for new clients only.
Revenues of up to $1 Million. (Call us for practices over $1 Million in collections.)
Up to 5 bank /credit card /line of credits included in price. (After that it is $15 per account per month.)(All Packages)
Price is per practice location.(All Packages)
Packages Gold/Platinum are only available for businesses in Texas
Packages Gold/Platinum may have a setup fees if not started in January.

Expectations from client:

Provide information in a timely manner.
Business accounts are not used for personal expenses.
Business owners of multiple dental practices do not comingle deposits and payments for different practices.
Maintain proper IRS documentation for deductions. (Example : Mileage logs, Receipts with notes on them, timesheet/job descriptions for family members.)
Provide a valid credit card to be charged monthly and for other projects.