An ideal relationship is, you should be communicating least once a month. What we do with our clients is, when we go through their books and we get them straightened out every month, we schedule the Zoom call, and we … 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.
That’s true. And I know you have an awesome book that’s the Ten Most Expensive Tax Mistakes that Cost Business Owners Thousands. I would love it if you could share a few of those and maybe what some of those … Read more
Danny Johnson: Interesting. Tell us about 1031 exchanges?
Craig Cody: 1031. Yes, we’ve been involved in a host of 1031 exchanges. 1031 exchanges are typically really not for the flippers. They’re supposed to be long-term investments. I guess you can … Read more
Long Term Business Planning in your business is always important. This can range from financial planning to be sure you have the proper lines of credit before you actually need them or planning to sell the business, way before you … Read more
Well everyone, good morning, good afternoon, wherever you’re at, we have a freaking awesome show. Dental CPA Craig Cody from New York is joining us tonight, talking business. A little bit of taxes, a little bit of things … Read more
Jason: So, you have this book, Secrets of a Tax Free Life. Before our meeting, you mentioned that there’s a way … Is this the book that our listeners have the ability to get a copy of?
Craig: Actually, no. … Read more
Are you missing out on your family employment? Do you have kids? Have you looked at hiring your kids? Depending on the type of entity you have, you might not even have to pay Social Security tax for them. All … Read more
Well, I think the taxes and I don’t want other frustrations that, that I’ve had with a lot of CPAs is that they prepare the taxes, but they truly aren’t involved in proactive planning. So I’d love to hear from … Read more
Okay. Are there office expenses that you can write-off?
Yeah. I mean, as long as they’re legitimate expenses that you use in your business and you’re paying for them, yes. Whether it’s your internet, your software costs, your computer costs, … Read more
Tax Deductions Dentists Make
Howard: So what would you say if someone said what are the three biggest tax deductions dentists miss that lose them thousands, what would you say?
Craig: Back to failing to plan, amortization, and depreciation. … Read more