If your dental practice produces $1 million, how much should actually reach you? The answer depends on adjusted production, collections, overhead, debt, and the way you compensate yourself. Here is how to evaluate whether your practice is performing the way it should.

Can your small business deduct inventory before it sells? Learn the three inventory methods, the 2026 gross receipts threshold, and when Form 3115 may be needed.

Can you save taxes by buying office furniture personally and renting it to your corporation? Here is why the strategy often adds complexity without creating an extra deduction.

Suspended rental losses can accumulate for years. Learn how a property sale, related party transfer, gift, or activity grouping can affect your ability to use them.

You do not need a spare bedroom to qualify for a home office deduction. Even a small dedicated business space may qualify, and establishing your home as your principal place of business can create an additional tax benefit for business mileage.

Can an S corporation owner deduct health insurance premiums?

Starting or buying a business? Learn how startup costs, pre opening expenses, investigatory costs, and acquisition costs can receive different tax treatment.

Donating property to charity can be a great way to support an organization you care about while potentially reducing your tax bill. But when the value of a noncash donation starts getting larger, the IRS rules become considerably more complicated.

Learn when a partner may deduct business expenses paid personally, why the partnership agreement matters, and what records the IRS expects.

Supporting a charity can be good for your community and your business. But writing the check from the company account does not automatically create a business deduction. Learn when a charitable payment may qualify as advertising or promotion, and what documentation you need before claiming it.

Business owners may be able to deduct reasonable compensation paid to a child for legitimate work. Before making the payment, consider worker classification, payroll and reporting requirements, documentation, entity type, and the opportunity to fund an IRA.

The rules for business meals changed again in 2026. Client meals may still qualify for a 50 percent deduction, but many employer provided meals and office snacks are no longer deductible.

The Augusta Rule can create a valuable tax result when an eligible business rents an owner's home for a legitimate purpose. The opportunity is real, but so are the documentation requirements.

After years or decades in practice ownership, it is understandable why many dentists begin to feel there is “nothing new under the sun.” But in reality, the business side of dentistry continues to evolve constantly.

When a large commercial building expense hits your desk, one of the first tax questions is whether the cost can be deducted immediately or whether it must be capitalized and depreciated over 39 years.

If your household MAGI exceeds 400 percent of the federal poverty level--even slightly--you lose eligibility entirely and must repay 100 percent of the advance credit you received during the year.

Under the updated rules, qualifying small businesses may receive a tax credit equal to 50 percent of eligible childcare expenses, with a maximum annual credit of up to $600,000.

If you are a sole proprietor and considering converting a business vehicle to personal use, it’s important to understand the tax consequences before making the switch.

Selling a dental practice is often one of the largest financial events of a dentist’s career. Unfortunately, many practice owners focus heavily on the sale price while underestimating the tax consequences that follow.

Many charitably minded individual retirement account (IRA) owners use qualified charitable distributions (QCDs) to satisfy required minimum distributions while avoiding income tax. One simple mistake, however, can turn an otherwise tax-free QCD into fully taxable income.