QTA Tax serves dentists and dental practices across the Chicago area. We understand the financial side of running a dental office. From equipment purchases to associate buy-ins, we handle it all. Our team helps dental professionals maximize profits and minimize taxes.
Equipment depreciation is a major tax benefit for dentists. New chairs, X-ray machines, and technology qualify for deductions. Section 179 expensing can write off the full cost in year one. We determine the best depreciation method for each purchase. This puts more money back in your pocket.
Practice valuations are important for many situations. You may be buying or selling a practice. You may be bringing on a partner or associate. We provide accurate valuations based on industry standards. Our numbers help you negotiate fair deals.
Associate buy-in structures require careful planning. Tax implications differ based on how the deal is structured. We help both sides understand the financial impact. We create arrangements that work for everyone involved. Good planning prevents disputes down the road.
Retirement planning is essential for dental professionals. We help you choose between 401(k), SEP IRA, and defined benefit plans. Dentists often have high incomes that benefit from aggressive retirement savings. The right plan can save you thousands in taxes each year.
Call 630-881-4679 to get started with dental practice tax planning. Our Oak Brook office serves dental professionals throughout Chicagoland.