Our Blog and News
This Month’s Posts
MA to return excess annual tax revenue to eligible taxpayers
Recently, Massachusetts announced it would be returning tax revenue back to eligible taxpayers. Why? In this past fiscal year, Fiscal Year 2022 (FY22), Massachusetts tax revenue collections exceeded the annual tax revenue cap set by Chapter 62F of the Massachusetts...
Personal tax returns on extension – the filing due date is coming up.
If your 2021 personal income tax return is waiting to be completed and currently on extension, please note that the filing due date, October 17, 2022, is less than a month away. With the partnership and S-Corp extension filing date now behind us (Sept. 15), taxpayers...
Energy and EV Credits in Recent Inflation Reduction Act
The primary goal of the bill signed by President Biden this past August 16 was to provide assistance to America’s working families to help them manage the recent surge in inflation. The Act’s objectives are to lower prescription drug costs, healthcare costs, and...
Practice Owners: Leadership Versus Management
Leadership and management are two distinct functions at your practice. Leadership Did you know that great business leaders don’t ask what their staff can do for them? Instead, great leaders ask what they can do to help their staff improve. Perhaps the next time a...
Utilizing Your Family’s 529 Accounts For The Upcoming Academic Year
Have you saved money in a 529 plan to pay for your kids’ college? Wondering which education expenses you can pay from the 529 account as qualified expenses and which expenses are non-qualified? With students heading back to school, now is a great time to begin...
Thinking About Giving Up Your PPOs?
Dentistry has really changed in just a handful of years. Due to the consolidation we’re all witnessing, dental practice owners are now competing with huge dental factories taking every possible type of insurance. How can the single practice owner even think about...
Andrew Schwartz CPA To Speak At The BU Endodontic Alumni Meeting On 9/23
Andrew Schwartz CPA will be presenting on How to Turbocharge Your Savings Using Tax Advantaged Accounts at the BU Endodontic Alumni Meeting on Friday September 23rd. Ever wonder how much you need to retire? And then wonder how in the world you’ll be able to save that...
Third Quarter Tax Estimates Due 9/15
Third quarter estimated taxes are due 9/15. If we set up for you to pay quarterly estimates, you should have recently received your personalized estimate reminder in the mail. For anyone paying estimated taxes, we now recommend that you make those payments online. ...
Last Month’s Posts
Education Tax Planning for the Upcoming Academic Year
With students heading back to school in the next few weeks, now is a great time to think about education tax planning. We've recapped various options to think about: 529 Plan distributions - Learn about qualified and non-qualified education costs They're an...
Save Money and Headaches By Outsourcing Your Dental Billing
You’ve done the work. Now you need to get paid. With all the staffing challenges facing dental practice owners, have you considered outsourcing your dental billing processes? Alliadent can help you and your staff take these critical steps each and every time, and do...
Cost Cutting Opportunities For Your Practice
Attracting and retaining staff has never been more competitive and expensive. Couple that with the highest inflation in more than four decades plus shortages caused by supply chain issues, and it’s no wonder that most practice owners are doing what you can to cut...
ICHRAs Can Help You Attract and Retain Staff Looking For Health Insurance
Attracting and retaining staff has never been more competitive. We recently received this question from one of our clients who had a staff person inquire about health insurance: Q: I finally have a staff member who needs health insurance. What is my best option? I...
MA Practice Owners: Mandatory Sick Time Rules
Our Payroll Department often gets asked about Sick Time Rules so we've recapped below: In short, the MA Sick Law allows ALL employees (part-time, full-time, temps etc) to accrue Sick Time starting the first day of work at the rate of 1 hour for every 30 hours worked...
The Key Ingredient to Being More Mindful
From Guest Writer George Loan Baker, Fortune Management: During a recent coaching call, a discussion that began with time management and making more space in the day led my client to an exasperating “if I only had a minute to breathe”. That got me thinking. Adults...
Supercharge Your Practice’s Merchant Services With Rectangle
Consider checking out Rectangle Health, an innovator of healthcare payment solutions since 1993, who now brings you Practice Management Bridge – a simple, safe, and secure payment platform. This turnkey technology interfaces seamlessly with your current EMR system,...
Are You Eligible For Public Service Loan Forgiveness?
Check out the rules available at: Public Service Loan Forgiveness | Federal Student Aid that states If you are employed by a U.S. federal, state, local, or tribal government or not-for-profit organization, you might be eligible for the Public Service Loan Forgiveness...
Posts From Our Professional Network
MA Practice Owners: Mandatory Sick Time Rules
Our Payroll Department often gets asked about Sick Time Rules so we've recapped below: In short, the MA Sick Law allows ALL employees (part-time, full-time, temps etc) to accrue Sick Time starting the first day of work at the rate of 1 hour for every 30 hours worked...
The Key Ingredient to Being More Mindful
From Guest Writer George Loan Baker, Fortune Management: During a recent coaching call, a discussion that began with time management and making more space in the day led my client to an exasperating “if I only had a minute to breathe”. That got me thinking. Adults...
Supercharge Your Practice’s Merchant Services With Rectangle
Consider checking out Rectangle Health, an innovator of healthcare payment solutions since 1993, who now brings you Practice Management Bridge – a simple, safe, and secure payment platform. This turnkey technology interfaces seamlessly with your current EMR system,...
False Assumptions That Dental Offices Make About Compliance (And How To Correct Them)
By Guest Writer Russell Kane, Compliance Consultant Dental Office Compliance of New England LLC Compliance, admittedly, is a dry topic and it’s not the reason you decided to become a dentist, RDH or DA in the first place. Nevertheless, every industry - particularly...
EPLI Can Pay Huge Dividends If A Disgruntled Employee Sues your Practice
The purpose of insurance is to protect against extraordinary or catastrophic financial losses. One potential loss to consider is when a terminated or disgruntled employee hires an attorney to sue your practice for wrongful termination or for an array of other...
PPP2 Loan Forgiveness Applications Should Be Submitted Soon
If you haven’t already filed for forgiveness of your PPP2 loan, please do so soon. Otherwise, your PPP2 lender will require that you begin making payments on that loan. Any payments made will be refunded when the PPP loan is ultimately forgiven, but why not just...
IRS Reminds Employers About Special Tax Credits To Help Employers Hire Staff
From IRS News IR-2022-104, May 6, 2022 WASHINGTON — With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available for hiring long-term unemployment recipients and other groups of workers...
How To Save $100,000 On Your Expiring Lease
By Guest Write Stefan Zelich, President/Founder of FOCUS Healthcare Realty Rent is typically a dental practice’s 2nd or 3rd highest expense behind payroll, but it’s also one of the most negotiable. This ability to negotiate one of the highest expenses to a practice...
5 Methods for Curing Imposter Syndrome
From Guest writer Brenda Loan Baker, Fortune Management Have you ever felt like you're not good enough to do the job you've been hired to do — and that everyone might figure it out at any moment? Or maybe you've felt like you're only pretending to be an adult who's...
New Hiring and Training Grant Available for MA Employers
Recently, the Governor of Massachusetts announced a new employer grant program to boost hiring. Called "HireNow", the program provides eligible employers with a $4,000 per employee grant, which can be used to cover training costs or as a signing bonus for new...