Like most dental practices, the benefits of operating as a corporation stand out clearly, with tax savings and liability protection as two of the many reasons dentists form those entities. Even though most practitioners working as a corporation are also appointed president, they consider themselves dentists not presidents of a corporation. Nonetheless, as any qualified and experienced dental attorney would tell you, it is crucial that the practice function as any other normal corporation would and abide by the rules and regulations as they apply to such entities.Read More
If you own a dental practice, you have a number of responsibilities to your employees, regardless of the size of your organization. One of those responsibilities is to ensure that employer health plans are administered properly – a task which may sound simple, but in practice can be anything but. That is because even the most informed and intelligent employers may be finding themselves confused by all of the requirements under the Affordable Care Act (ACA).
Fortunately, the IRS has recognized the challenge that understanding the ACA can be, and in response it has released new guidelines intended to assist employers with questions they may have on a number of healthcare-related topics. IRS Notice 2015-87 provides guidance on...Read More