As we reflect on what we hope was a fantastic 2020 for you and your practice, despite the pandemic turmoil, our team at Catalyze Dental Advisors is busy preparing for tax season.
Like dentists, not all accountants and advisors are the same. According to an IRS study conducted by the Treasury Inspector General for Tax Administration (TIGTA), a sample of 2,000 tax returns for small businesses found that 93% qualified for a tax break but did not include it on their filing. The average amount of money overpaid was over $11,638 dollars. In our experience, the average dentist is overpaying by far more than this!
The IRS system does NOT alert you when you do not take advantage of tax savings programs, deductions, and allowances granted by the tax code. It takes a qualified CPA that understands dentistry, your business, and the tax code to ensure that you take maximum advantage of all the deductions you are ENTITLED to by law.
With the dental practice owners facing headwinds from greater competition and downward pressure on insurance fees, you cannot afford to overlook the importance of carefully managed tax planning strategies.
At Catalyze, we really understand the dental industry and our team is 100% dedicated to helping you reduce your tax bill so that you can invest more money in yourself, your business, and your retirement. If you are in this 30% that may be wondering if you overpaid on your taxes, we have a special offer for you.
Let us show you how we can save you money today by allowing us to do a complimentary review of your last year’s tax return. If we can save you money, we will give you a 20% discount on your amended returns for up to three years.
Most people do not even realize that you can file an amended return and get back money you overpaid during previous filings. They think that this money is just gone. IT’S NOT. Let us prove that WE CAN SAVE YOU MONEY.
We are also offering a 20% discount on your 2020 returns. We are extending the deadline to lock in these savings to February 7th, 2021.
To register for your complimentary tax planning session and lock in your discount, just let us know be in touch with the next steps so we can review your situation and reduce your taxes.
We work hard to help Dentists save money on their taxes. We hope to be able to help you this year and in the years to come. We look forward to speaking with you soon.