Does your current Dental CPA have time for you?
So how does one become involved in dental accounting and become a specialized dental CPA, dental accountant or dental bookkeeper? Twenty years of experience working with small business professionals in the dental industry is a good start. Our firm has also been a past participant in the MDA Annual Session . And be sure to read our FAQ’s when you are finished. If you are looking for the best accountant for your needs, then please consider us. And, our firm has multiple accountants that work with dentists on a daily basis. So we have multiple options for you to find the best CPA for your specific needs. Our Firm is located in Metro Detroit, but we service Michigan, Ohio and Indiana.
We work with many industries and have experienced unique opportunities to find accounting solutions that would not necessarily be found if one started their career with a large accounting firm. In a small accounting firm like Schultz CPA, you get to see the intimate inner workings of a dental practice. You quickly learn how the transactions flow through the practice. Also, you learn how the balance sheet is one important factor in understanding the strength of that practice. You see how the payroll impacts the income statement and how the financial statement flows into the practice’s tax return. All of that, and more, is why we stand out as your go-to tax company for dentists.
Professional dental practice accounting services may be easy to find, but have you vetted your accountant enough to know about their specific experience in this industry? If not, this may be your time to start.?
Becoming a Dental CPA
Your career as an accounting professional continues to evolve. And you realize that the greatest impact that you can have when advising a client tends to be when you are working with successful dentists and veterinarians. You realize that perhaps you can help these professional out even more. So you work to understood the back end of their books and accounting, but the front end as well. Soon you begin to learn how each of your professional clients work to maintain a successful practice.
You come to a point in your career where you have seen and understand the books, accounting, tax, and operations. Then realize that you have assisted dozens in acquiring practices. Helped dozens sell practices, and aided dozens in operating successful practices. Finally, you conclude that you are in a perfect position to provide dental accounting and tax services and have become a dental CPA.
Dental Accounting and Professional Tax Services You Can Trust
Our goal is to earn your trust as quickly as possible. Our plan to meet this goal includes providing timely services and high-level dental accounting, tax service, and advice. We strive to assist you in structuring the payment of taxes and retirement plan contributions in the year the money is earned, as we find that this simplifies your decision making.
We understand that trust is at the core of our relationship with you, and losing that trust is not an option. While we offer fees that are transparent and fair, we place a priority on quality services, results, and customized solutions. In the long run, choosing an experienced dental accounting firm for your dental office provides significant value.
Here, we answer some of your most frequently asked questions about our in-demand dental accounting services.
Services & Standards
Following are some of our baseline dental accounting services:
- Dental practice business income tax return
- Unlimited telephone and email communication
- Quarterly financial statement presentation
- Ongoing tax planning
- Individual income tax preparation
Dental Practice Business Income Tax Return
We will professionally prepare your dental practice’s business return, whether it be a PLC or a PC. If your dental practice is a PC, it will file either be a Form 1120-S or Form 1120. If you are a dentist practicing as a PLC, you may be filing Form 1120, 1120-S, 1065 or Schedule C.
Communication
When your dental practice hires our accounting firm, you will be able to easily communicate with our team. You will be assigned two staff accountants, who will assist with your needs.
In addition, our staff will collaborate on a tax and dental accounting strategy that is customized for your dental practice. When issues arise, they will be discussed as a group. A collaborative approach will be taken prior to providing professional advice.
Financial Statement Preparation
Our firm’s dental accounting services will include quarterly financial statements, or more frequent statements as needed. These statements will be provided on a timely basis. Allowing you to make decisions using the most updated facts and figures. The financial statements will include a compilation report, as well as all the necessary financial statement note disclosures. They can be used for internal use or will be prepared for banks, creditors, or any other third parties.
If a compilation is not enough, our firm is also approved to provide your dental practice with a financial statement review or audit. Our firm is a member of the American Institute of Certified Public Accountants Peer Review Program.
Dental Office Tax Planning
Many accounting firms may see dental accounting tax planning as an optional service. Our accounting firm will strive to serve as your accounting adviser. Our level of training, experience, and knowledge of dental accounting and taxation is extensive. Simply providing compliance accounting and tax preparation fails to capture the value we can bring to your practice and to your bottom line.
Individual Income Tax Services
The planning and preparing of business owner individual income tax returns is an integral part of our dental accounting and tax services. Most dental practices see the profits from their business returns flow through to their individual return. For that reason, it may be challenging to plan and strategize without also understanding how the dental accounting and tax services impact the personal income tax return.
Based in Canton, Schultz & Associates can provide accounting and tax services to dental practices throughout Wayne County, Oakland County, and the greater metro Detroit area. Contact our CPA firm for the support you need to organize, optimize, and strategize for the benefit of your business.
Jason Lira, our Senior Accountant, is Ready to Help with Your Dental Practice Tax & Accounting Needs
Jason Lira is ready to assist you with your dental practice tax and accounting needs. Please click here to see his bio and get in touch with him. Also, read our FAQ’s for more information.
You can reach Jason either by phone (734) 354-2380 ext. 101 or by email at jlira@schultz-cpa.com.