Putting a Dollar Value on Your Most Valuable Asset
Ask an employer the compensation for a given employee and you’ll likely hear something like “$15 an hour” or “$50,000 a year.” Of course the dollar figure is correct. But it represents only about 75-80% of total compensation. That’s because the hourly rate or base pay is just the starting point. While many industries track…
Read More
Keys to Effective Business Cash Flow Management
Plain and simple, businesses fail when they run out of cash. Depending on their attractiveness to lenders and the equity markets, some businesses may exist for many years without generating the first dollar of cash. But at some point, every business has to generate cash to survive, and this basic tenet of business holds true…
Read More
AlabamaSAVES™
The Energy Division of the Alabama Department of Economic and Community affairs administers millions of dollars in grants to encourage energy efficiency. The Department partners with different providers to offer comprehensive energy efficiency projects. Goals are to support local business growth, reduce energy costs and provide jobs. The AlabamaSAVES™ program allows business to secure below-market…
Read More
Five Common Errors on Dental Practice Income Tax Returns
When it comes to tax compliance, you do not want to run afoul of the rules. While the odds are in your favor that your tax return will not get audited, filing returns with frivolous deductions can have financially catastrophic consequences. On the other hand, if you and your accountant do not know what tax…
Read More
What Do Manufacturers and Engineers Have In Common?
Many years ago, the Domestic Production Activities Deduction, or DPAD, was enacted to give domestic producers a tax incentive to keep their production facilities, and jobs, in the United States. Targeting manufacturers, construction contractors, and farmers, the DPAD offers an additional 9% tax deduction from income generated by production activities. So what does this deduction…
Read More
Are you an email subscriber?
Do you subscribe to our blog via email? You can do so for free via the button in the side bar or right here: Sometimes, we’ll send out content that’s exclusive to email subscribers. Last week, we sent a market research survey + giveaway. With the feedback we received, we hope to give you more…
Read More
Promotion Announcement, February 2014
Dent, Baker & Company, LLP is pleased to announce James Moody, CPA has become a partner in the firm. Also, Chase Baker CPA has been promoted to Senior Accountant. James is a graduate of Samford University where he earned a Bachelor’s degree in accounting in 2006 and Master’s of Accountancy in 2007. He joined Dent,…
Read More
Cost Segregation Studies: Maximize the Tax Benefits of your Real Estate
Here’s a crazy irony for you. Non-residential real property is deductible over 39 years. So by the time most dentists are able to purchase real estate, they are typically unable to reap the full tax benefits of ownership during their working years. One way to capture these tax benefits sooner is to have a cost…
Read More
Small Business and the Affordable Care Act
In the video below, NBC news portrays what may become reality for many employees. As businesses begin to see the financial effects of the Affordable Care Act, employers are struggling with a way to remain competitive with benefits yet cap future health costs to the company. Many businesses will be forced to make tough choices…
Read More
New Year’s Resolutions for your Dental Practice
So now that we are moving full steam into 2014, what about those New Year’s resolutions? If you’re like most of us, finding targets for personal and professional improvement is easy. The tough part is following through on that laundry list of good intentions! But it doesn’t have to be that way. In working with…
Read More