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.