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ISTAXPro Accounting Firm | Taxes, Bookkeeping, Payroll & Notary Services | Payable Tax

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Stay Informed with Expert Tax Tips and Insights!

Our blog offers insights into the latest tax trends and accounting strategies, designed to help individuals and small businesses thrive in today’s competitive market.

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What to Do if You Receive an IRS Letter: A Doctor’s Guide

Receiving a letter from the IRS can feel stressful, especially when you’re balancing patient care and running your practice. But not all...

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Should You Lease or Buy Equipment for Your Practice?

Upgrading your dental chairs, imaging equipment, scanners, or technology is essential for providing quality patient care. But when it...

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The Tax Benefits of Contributing to a Health Savings Account (HSA)

As a doctor or dentist, you spend your days helping others stay healthy. But are you taking advantage of one of the simplest ways to...

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W-2 vs. 1099: What Every Young Doctor Should Know Before Signing a Contract

Your first contract as a doctor is a major milestone. Before you sign, it is essential to understand whether you will be classified as a...

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The One Tax Rule Every Doctor Breaks (Without Even Realizing It)

Doctors and dentists are meticulous about patient care, but when it comes to bookkeeping and taxes , many unintentionally break one...

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How the 2025 IRS Changes Will Impact High-Income Doctors

Many high-income doctors see taxes as an unavoidable part of a successful practice. Yet each year, IRS adjustments quietly impact your...

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The Smart Dentist’s Guide to Keeping More of What You Earn

Dentists work hard to build thriving practices, but many lose thousands each year simply because their books are disorganized and tax...

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Can Doctors Deduct Meals and Entertainment? What You Need to Know

Doctors and dentists often pay for staff lunches, meetings with colleagues, or meals while attending conferences, but many are unclear...

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Retirement Plans for Doctors and Dentists: Which One Is Right for Your Practice?

As a doctor or dentist, you work hard to build a thriving practice while caring for your patients. But planning for your own financial...

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Swipe Left on Bad Bookkeeping: A Dating Guide for Your Practice’s Finances

Ever wish you could swipe left on messy spreadsheets, missing receipts, and last-minute tax stress the way you would on a bad date? Your...

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How to Pay Yourself as a Doctor: Salary, Distributions, and Taxes Explained

Your medical practice isn’t just about patient care—it’s also your livelihood. Yet many doctors and dentists are unclear on how to pay...

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How Much Is Messy Bookkeeping Costing Your Practice Each Year?

As a doctor or dentist, you’re focused on patient care—not tracking receipts or reconciling QuickBooks daily. But messy or incomplete...

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How One Dentist Saved $43,000 in Taxes After Restructuring Their Business

Many dentists believe paying high taxes is simply part of running a successful practice. But with organized books and accurate tax...

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From Burnout to Buyout: Tax Steps Doctors Should Know Before Early Retirement

Many doctors reach a point where the long hours and stress lead them to consider early retirement. While your focus is on stepping away...

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Doctors and Dentists: How to Track Mileage to Save on Taxes

If you use your personal vehicle for patient visits, hospital rounds, lab runs, supply pickups, or continuing education, you may be...

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Understanding Depreciation: A Simple Guide for Dentists

Buying new dental chairs, imaging devices, and technology is an investment in your practice and your patients. But many dentists overlook...

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Year-End Tax Moves for Doctors: What to Do Before December 31

As the end of the year approaches, many doctors and dentists focus on holiday schedules and patient care, leaving tax planning for later....

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Should You Form an LLC or S-Corp as a New Doctor? What It Means for Your Taxes

Starting your medical career often comes with important financial decisions. One of the first questions many new doctors face is whether...

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Why Filing Taxes Late Is Costing Doctors More Than Penalties

Busy schedules, emergencies, and managing a practice often push tax filing to the back burner for many doctors and dentists. While late...

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Are You Paying Your Kids Through Your Practice Yet?

Many doctors and dentists look for ways to reduce taxes while managing the high costs of running a practice and supporting a family. One...

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