You can save up to 50% in tax by using IRS approved and court-tested tax-saving strategies. These are the same legally safe techniques other high-income earners have been using effectively for a long time.
TAX PLANNING IS THE KEY
Proactive tax planning is the primary factor in legally achieving huge tax savings. Planning, by definition, implies taking steps before the event, that is, before the end of the year when the tax becomes due. If you do not plan you do pay more.
THE LAW ALLOWS IT
“Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” Judge Learned Hand
Over a 25-year career, a dentist who collects less than a million dollars a year will probably overpay nearly one million dollars in taxes.
Owners of smaller practices are not off the hook. Even if you operate a smaller practice, you are possibly paying almost double the amount of tax you must pay.
These statistics are derived from years of preparing tax returns for dentists and analyzing the ones prepared by other accountants.
Your right to pay the absolute minimum in tax and no more
The IRS states in its Publication 1 “Your Rights as a Taxpayer” that you have the “The Right to Pay No More than the Correct Amount of Tax.” Dentists do not get any brownie points by paying more tax than is legally due.
Similarly, you cannot be penalized for advance planning to pay the minimum legally required tax.
This right has been repeatedly upheld by courts, slashing the myth about certain tax-saving techniques being a “red flag” for audits.
Schedule your 50-minute free meeting now to get your last year's tax return analyzed to
determine tax over payments you did not have to make.
Tax savings lead to a better quality of life and acomfortable retirement
Dentists are probably the most overtaxed Americans, who voluntarily pay more tax than they are legally required to pay.
On top of increasing PPO penetration, decreasing reimbursements, and expanding DSO competition, they pay more tax than what is legally due, thanks to “their most trusted advisor” accountants and CPAs.
Paying too much tax is a condition which can be cured with some effort, expert money coaching, and legal tax reduction strategy implementation.
The key here is proactive tax planning and careful to minimize the tax burden legally by using an efficient accounting system.
Tax savings once set up properly are perpetual till your retire. You get the benefit year after year.
Tax time surprises. You are hit with tax bills of significant amounts at tax time which you were not expecting and were not warned about. Your accountant do not calculate the tax burden and did not help you pay it during the year.
You have used the same CPA for years.
They just put your income and expenses on the correct IRS forms and file your taxes, without any input on how to pay less. they are good historian of your income and expenses but what you need is a visionary instead who can fore financial problems and plan for them.
They have never discussed a tax plan consisting of advanced strategies that could save you money.
Your CPA does not come to you at least four times a year saying here is an idea which can save you a few thousand dollars.
You are in an elite health profession with your own practice… but you still find yourself not living the way you had imagined. You still struggle with debt.
Money is a major source of stress in your life.
You often think that it would be a relief if you could keep more of the money you make? Your single greatest expense is your bill from Uncle Sam.
Your accountant does not provide you with a periodic financial analysis of your practice numbers.
Keep more of the money you make, by reducing your tax burden.
Implement a proactive individual tax plan to increase your net wealth in a holistic manner without compromising the quality of life.
Some of the dentists who have shared their experiences below have legally saved up to 67% in tax the first year they implemented a tax plan.
This is achieved by employing advanced tax planning processes and implementing creative techniques that take advantage of the latest court decisions and IRS rulings.
The first step is to analyze the dentists’ previously filed tax returns to diagnose missed tax savings opportunities and prepare an estimate of the tax they have overpaid in the past.
Then the creation of a detailed and individualized tax strategy, prescribing specific actionable steps to capture tax-saving opportunities begins.
These tax strategies are perfectly legal, available in the tax code, approved by courts, and are simply under-used by those with less expertise.
These tax plans are in plain language and the dentist has the choice to decide which individual pieces of their plan they implement and in which order.
These individualized recommendations have proven effective for countless doctors, who indicate outright astonishment at the results.
A Full-Service Accounting Firm & One-Stop Shop for Dentists
The team at Less Tax for Dentists, under the leadership of Jay Malik, a leading Tax Strategist, works with dentists to create and implement their tax strategies on an ongoing basis.
The firm handles all tax filings, compliance requirements and takes care of bookkeeping and payroll processing.
The professionals of Less Tax for Dentists know more about the hidden tax deductions and tax loopholes for dentists than anyone else in the US.
Having observed first-hand the evolution of the dental profession over the years has led to an understanding of how the changes have affected doctors.
Making a difference in the quality of life of all dentists by increasing their bottom line is the top priority.
The dentists working with Less Tax for Dentists end up saving way more money in taxes legally than they pay in the fee.
Provide in-depth analysis of practice financials and suggestions to improve profitability.
