Equipment purchase timing, S-Corp structuring, and payroll for a mix of hygienists, assistants, and associate dentists, handled by advisors who understand practice economics.
A dental practice runs on equipment financing, insurance reimbursement timing, and a payroll mix of hygienists, assistants, and front-office staff that most general bookkeepers are not set up to handle correctly. Hasco Tax Advisors works with dental practice owners on entity structure, equipment purchase timing, and the specific payroll and bookkeeping rhythm a practice actually runs on.
Dental equipment, chairs, imaging systems, sterilization equipment, is expensive, and the timing of a purchase relative to your fiscal year-end has a real tax impact. Section 179 allows most practices to deduct the full purchase price of qualifying equipment in the year it is placed in service, up to the annual limit, which changes the calculus on whether to buy in December or January.
Most dental practices operate as an S-Corp or, in some states, a Professional Corporation (PC) with an S-Corp election, which allows the owner-dentist to split income between reasonable salary and distributions. Getting the reasonable salary figure right matters more here than in most industries, since dentist compensation benchmarks are well-documented and an unusually low salary is an easy audit flag.
Associate dentists working in your practice are almost always employees, not 1099 contractors, given the degree of control a practice typically exercises over scheduling, procedures, and patient assignment. Misclassifying an associate creates real payroll tax exposure if it is ever reviewed.
Insurance payments often arrive weeks or months after a procedure is performed, which creates a gap between when revenue is earned and when cash is received. Books that only track cash received, rather than what is actually owed, distort your real practice profitability.
Insurance claims are tracked from submission to payment, so you see true accounts receivable, not just what has hit the bank account.
Payroll processed correctly for a mix of hygienists, dental assistants, front office staff, and associate dentists, each with different pay structures and classifications.
Major equipment purchases are tracked and depreciated correctly, coordinated with your CPA on Section 179 timing for the biggest annual tax impact.
Owner-dentist compensation is reviewed against real industry benchmarks, protecting the S-Corp election's tax benefit while staying defensible.
Join the individuals and business owners who trust Hasco Tax Advisors with their most important financial decisions. Your first consultation is completely free, and you will leave it with a clear, direct answer on what is needed and what it costs.