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Blog

Engage Advisors helps dentists thrive in their practice and in life. We offer tax and accounting, financial planning, and ownership transitioning services. Our blogs provide a wealth of dental industry knowledge – we hope you enjoy reading them!

Taxation of Goodwill

September 6, 2018

Understanding Goodwill Taxation A Primer for Dental Practice Owners Because of the recent tax reform we ve had more than...

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Gain on Sale of Mixed Use Home

August 29, 2018

Navigating Home-Sale Exclusions Qualified vs Nonqualified Use The days when you could convert your rental property or vacation home to...

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How Cost Segregation Can Turn Your Rental into a Cash Cow

August 16, 2018

Imagine having a study performed on your property to get an immediate -plus in after-tax cash in your pocket this...

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More Deduction News for 2018

August 8, 2018

New Tax Rules for Business Meals and Entertainment Deductions In general the new tax Act provides for stricter limits on...

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Protecting Your Child’s Financial Future

July 25, 2018

The birth or adoption of a child is cause for celebration but it also carries heavy responsibilities In addition to...

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All Practice Management Software Is Not Equal

July 18, 2018

Like many industries the dental profession has been transformed by the digital revolution Technology has moved from a small but...

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Proving Travel Expenses After Tax Reform

July 11, 2018

As you likely know by now your travel meals continue under tax reform as tax-deductible meals subject to the percent...

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A Dentist’s Guide: Vehicle Deductions & IRS Mileage Rules

June 27, 2018

Vehicle Deductions amp IRS Mileage Rules Don t let IRS mileage rules destroy your vehicle deductions You have no choice...

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Dental Practice Valuation: Timing Is Everything

June 20, 2018

Choosing the Right Valuation Date Key Considerations for Estate Tax Divorce and Shareholder Disputes In an uncertain market value can...

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4 Tips to Stop Internal Theft In Your Dental Practice

June 13, 2018

Dental embezzlement is more than a fact of life it s an outright epidemic At a recent dental accounting and...

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Dental Tax Tip: Massage Therapy Deduction

June 6, 2018

Tax Strategies for Dentists Managing the Physical Toll and Financial Burden Are you in constant discomfort Have you visited a...

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War of Wages: Best Practices For Staff Raises

May 30, 2018

To paraphrase William Shakespeare To give a raise or not give a raise that is the question Staff expects raises...

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