Taxes

Top 6 Tax Tips for Dentists in 2022

Running your own dental practice can mean high income, but this also means high tax liabilities. Luckily, dentists can benefit from a large variety of tax deductions if implemented properly. In this article, we have outlined six of our favorite, easy to implement tax tips for dentists. 1. Increase your retirement contributions Investing back into …

Top 6 Tax Tips for Dentists in 2022 Read More »

Cryptocurrency Taxation: A Basic Guide [Part 2 of 2]

If you missed Part 1, we outlined the basics of cryptocurrency tax, when you owe taxes on different types of trade (including when you receive crypto as a gift), calculating your cryptocurrency capital gain or loss, understanding different accounting methods when it comes to calculating this, and how to keep track of everything.  This article …

Cryptocurrency Taxation: A Basic Guide [Part 2 of 2] Read More »

Nanny Tax Rules: Does It Apply To You?

Hiring a babysitter, or nanny, is a great way to have in-home care for your kids while you’re working, running errands, or doing whatever it is that you need to do sans-children. What you may not know is that the IRS sometimes considers these caregivers to be “household employees”, and therefore requires employment taxes (or …

Nanny Tax Rules: Does It Apply To You? Read More »