How the R&D Tax Credits Really Work in Dentistry

How the R&D Tax Credits Really Work in Dentistry, updated 9/30/20, 10:58 PM

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Dentists, orthodontists, oral surgeons, endodontists, and other dental companies should evaluate the benefits of the Research and Development Tax Credit.

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How the R&D Tax
Credits Really
Work in Dentistry
Many doctors are discovering just how beneficial the
Research and Development Tax Credit can be for their
practices.
Yes, we recognize that the stethoscope
probably indicates that this guy isn't a
dentist. But the fact of the matter is that
dentists and dental professionals are
probably more suited to receive R&D Tax
Credits than anyone else in healthcare.
Tax Credit, LLC revealed their new case study today on
R&D Tax Credits in Dentistry.
The Research and Development Tax
Credit was initially established in 1981,
but the 2015 PATH Act made it truly
beneficial to many small to midsize
business where innovation is a key
component.
To the outsider, dentistry may not seem like the hub of innovation. The
fact is that is just not so. Many dentists are going about their daily
practice adding innovations regularly into the procedures they provide.
Tax Credit, LLC helps doctors
identify these areas of
innovation and create
supporting documents.
The R&D tax credit team of attorneys, technical writers, and CPAs interviewed this doctor and staff
to assist with the creation of a representative document, validation of expenses, and communication
with the doctor's CPA to make sure that all team members were in support of the process.
Dr. Tax Credit, LLC does the heavy
lifting. We recognize that you are busy
enough in the day-to-day practice that
any additional steps are tough to fit in.
Tax Credit, LLC recognizes that there are many people
looking for insights and answers about R&D Tax Credits in
Dentistry.
How do you qualify for the tax
credit? Most importantly, you
need to own a practice.
The R&D tax credit offsets your corporate taxes by providing credits for staff
payroll and supply expenses, but only staff time and supplies you used in
carrying out your research initiative.
You can bill your patients and
still receive the credit.
Contact Us At: https://www.drtaxcredit.com/