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We are a CPA firm specializing in serving dentists and other health care professionals. We offer complete outsourced accounting and tax services including monthly bookkeeping, tax compliance, and payroll management. We also provide strategic tax planning, assist with preparing practices for sale, and help rectify tax resolution issues.
A Dental CPA leverages tax savings provisions in the law to ensure dentists pay the minimum tax required. By continuously researching and applying the best tax strategies, they help dental practices optimize their financial outcomes. Once an effective tax plan is established, compliance becomes straightforward and less stressful for the practice.
Hiring a local Dental CPA in California is crucial due to the state's high tax rates and complex regulations. Our specialists have a thorough understanding of California-specific tax issues and can effectively navigate them to ensure compliance and optimize tax savings. By working with someone who focuses on California taxes, dental practices benefit from tailored advice, timely service, and stronger professional relationships, all of which are essential in a challenging tax environment.
Dental CPAs play a crucial role in practice acquisitions and mergers by conducting thorough financial due diligence to ensure fair pricing. They analyze the financial health of the target practice, identify potential risks, and advise on the financial and tax-wise structuring of the deal. Additionally, they assist with the integration of financial systems post-merger, ensuring a smooth transition and alignment with financial goals.
For companies registered before 2024, no. Companies registered after 2023 must report information for the person who applied for them.
Yes, corporations formed before January 1, 2024, but dissolved in 2024, are required to file a Beneficial Ownership Information (BOI) report under the Corporate Transparency Act (CTA). The Financial Crimes Enforcement Network (FinCEN) has clarified that any reporting company existing on or after January 1, 2024, must submit a BOI report, even if it ceases to exist before the filing deadline.
For entities formed before January 1, 2024, the initial BOI report is due by January 1, 2025. If the corporation dissolves in 2024, it is still obligated to file the report by the original deadline. Dissolution does not exempt a company from its reporting responsibilities under the CTA.
To ensure compliance and avoid potential penalties, it's advisable to file the BOI report promptly, even if dissolution is planned or has occurred.
Yes, corporations formed and dissolved in 2024 are required to file a Beneficial Ownership Information (BOI) report under the Corporate Transparency Act (CTA). The Financial Crimes Enforcement Network (FinCEN) has clarified that any reporting company existing on or after January 1, 2024, must submit a BOI report, even if it ceases to exist before the filing deadline.
For entities created in 2024, the initial BOI report is due within 90 days of formation. If the entity dissolves before this deadline, it is still obligated to file the report within the original 90-day period. FinCEN emphasizes that dissolution does not exempt a company from its reporting responsibilities.
To ensure compliance, it's advisable to file the BOI report promptly upon formation, especially if a dissolution is planned shortly thereafter. This proactive approach helps avoid potential penalties associated with non-compliance.
If the sole proprietorship is an LLC then it is required to file. Many LLCs are taxed as sole proprietorships. If the business is not registered with the Secretary of State or equivalent in their state then it is not required to file.
If the partnership is an LLC, LLP, or otherwise registered with the Secretary of State or equivalent in their state then it is required to file. In my experience, most partnerships are registered with the state and are therefore required to file. General partnerships may not be registered with the secretary of state but still may have a tax ID.
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