Tax season can sneak up on you, especially if you are in a busy profession like dentistry. Do not wait until the next tax deadline pops up to start preparing the required documents.
Since dentists are typically the sole proprietors of their practice, careful tax planning is required to take into consideration both business and personal income tax.
At Martin, Bircher, Thompson, PC, we are experienced in providing the support dental professionals need to take care of these financial responsibilities and minimize tax liability by taking advantage of opportunities in a timely fashion.
Prepare for the Future with Tax Planning
Without a solid tax strategy, dental professionals can get caught up with worrying about tax document requirements, new tax laws, and strategies. This time could be better spent focusing on your patients and your practice.
Martin, Bircher, Thompson, PC can take that burden off of your shoulders, prepare all of the required documents, and discuss tax planning strategies.
Our firm can also help you look to the future. We will work with you to create a plan for actionable next steps so that future tax filings can go even smoother. You can anticipate any business-specific tax obligations and take advantage of every opportunity you can to minimize your liability and develop a strong tax strategy.
Tax Planning Process
The tax planning process begins with a review of all accounting reports from selected periods throughout the year. Our team of tax experts conclude your overall risk of liabilities based on factors such as:
- Prior year results
- Practice trends
- Major equipment purchases
- Hiring of associates
We typically offer these tax planning services up to three times per year.
Avoid Tax Frustrations and Contact MBT Today
Martin, Bircher, Thompson, PC specializes in helping dentists feel confident and prepared when it comes to your taxes so you can run your practice successfully.
Contact Martin, Bircher, Thompson, PC today to find out more about tax return preparation and tax planning, or explore some of our other services for dentists and medical professionals.