When you go to your favorite coffee shop, you pull out your frequent customer card. When you go to the bookstore, you use your discount membership. When you shop at a bulk discount retailer like Costco or Sam’s Club, you … Read more
Tax blog featuring strategies to help dentists and dental professionals save money on taxes now. Craig Cody is a CPA licensed in all 50 states.
Keeping more of your money is important to you, obviously. That’s why you listen to the Progressive Dentist Podcast. I’m here to try to help you keep more of your money and give less of it to Uncle Sam. But … Read more
Time, even more than money, is your most valuable resource. Whereas you can always make more money, you can’t make more time. So what is the best way to maximize your use of this precious commodity?
Meet Mark Podolsky, The … Read more
Investing your money is a great way to grow it, but we all know investing carries risks. If you aren’t careful, you can make bad investments that fail to grow your wealth or can even wipe out your investments. With … Read more
There’s a business management aspect of owning a dental practice that you’re never really taught in dental school. Too often, dentists struggle to understand the financial numbers powering their practices, and that means they miss opportunities to optimize the efficiency … Read more
Too often, dentists have run their practices under the “I say, you do” philosophy. While this can certainly ensure that your practice focuses on the areas you want it to focus on, it can also put too much on you … Read more
There is a common arc to most dentists’ careers. Early on, younger dentists are working to establish themselves and build their reputation. Older, established dentists are often working toward retirement and leaving their practice. These transition periods can be difficult … Read more
Okay. Tell me about your hypothetical business. Lets do some tax planning for your business.
I’m a painting business. We’ve been in business two and a half years, roughly. We just did $550,000 in revenue. We do about 100 projects … Read more
I can’t do that. If I do, I’m going to get audited. That is Audit Paranoia! Very few people get audited, and if you’re deducting something, you’re doing it correctly, and you’re documenting it, do not worry? Most audits … Read more
What would you say are some of the biggest tax mistakes you’ve seen in your experience?
The biggest tax mistakes we see is, as far as in my world of tax planning and running a business and stuff like that, … Read more