They're Back: Student Loan Payments Resume & Interest AccruesAfter a three-year pause on federal student loan payments, September 1st marked the first significant step toward restarting the process: borrowers will once again see interest accrue on their loan balances. The milestone comes one month ahead of the next major date for millions of American borrowers: October 1st, when most payments will resume. Here’s what […]
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New Podcast! The Evolution of Deal Structures in the DSO SpaceWe’ve seen a consistent trend toward consolidation in the dental space for the last 15 years. But coming out of the pandemic, the DSO marketplace is changing. And if you’re thinking about selling your practice to a Dental Service Organization, it’s useful to understand the different deal structures available to you. So, how are DSO […]
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New Pass-Through Entity (PTE) Payment Programs Aim To Address SALT LimitationsThe Tax Cuts and Jobs Act (TCJA) of 2017 imposed a $10,000 limitation on the amount of state and local taxes (SALT) that taxpayers can deduct on their federal income taxes for the tax years 2018 - 2025. This has had a significant impact on taxpayers in states with high SALT burdens, such as California, […]
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Employee Retention Credit (ERC) Update: A Tangled WebIf you have filed for the Employee Retention Credit (ERC), you likely have also had some IRS notices darken your doorstep. These notices paint a concerning picture that your ERC amendment forms (941x) are on hold until further action is taken. Despite this bleak notice, we'd like to reassure everyone who filed with us that your ERC […]
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Student Loan Update: No Forgiveness, But Perhaps a SAVE-ing GraceIn a significant blow to the Biden administration's student loan forgiveness plan, the Supreme Court has ruled against its implementation. The court's decision, which came down in a 6-3 vote, deemed the proposed student loan forgiveness program as unconstitutional, stating that the President does not have the authority to unilaterally cancel federal student loan debt. […]
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New Podcast! Five Dumb Things That Smart Dentists Do, featuring Dr. Richard MadowYou’ve got to be pretty smart to be a dentist. You went to college, excelled in a difficult major like biochemistry, physics or molecular biology and made it through dental school. But then you were thrown out into the real world, where it takes more than clinical mastery to run a successful practice. And even […]
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New Podcast! PracticeCFO’s Diversified Approach to InvestingWhat’s the smartest way to invest your money to win in the long term? Dental practices benefit from being in an industry that is mostly recession proof. But can you build an investment portfolio that will also survive an economic downturn? Brandon Hobson, CFA®, CPA serves as Chief Investment Officer at PracticeCFO. On this episode […]
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PCFO Podcast Feature! How to Determine Your “Break-Even” as a Dental Practice Owner, with Chuck Blakeman & WesIt was an honor to once again be featured on Chuck Blakeman's Get Off The Treadmill Podcast! Tune in as Wes and Chuck navigate the world of breaking even in a dental practice. Lots of important accounting content in this episode that practice owners should be aware of. Listen here! To check out Wes's other […]
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Retirement Ready: What You Need To Know About The Secure Act 2.0The Secure Act 2.0 was signed into law in late December 2022 and builds upon the earlier "Setting Every Community Up for Retirement Enhancement" (SECURE) Act of 2019. This legislation enacts dozens of retirement-related provisions for employees and employers alike. The Secure Act 2.0 empowers individuals to save for retirement, improves the rules surrounding retirement, and […]
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