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Year-End Tax Planning Considerations for Dentists

By Art Wiederman and Melbert E. (Mel) Schwarz On Dec 14, 2022

In this episode of The Art of Dental Finance and Management podcast, Art meets with Mel Schwarz, JD, CPA, Director of Legislative Affairs in Eide Bailly’s National Tax Office. Art and Mel discuss the various tax legislation influencing dentists’ year-end tax planning and how to best minimize tax liabilities.

Some tax considerations include:

Employee Retention Credit (ERC)
Inflation Reduction Act (IRA)
Energy efficiency incentives
Recognizing capital gain
Retirement plans
Tax rate increase
Depreciation of equipment and vehicles
Deductions
And more

Reach out to Art if you have any questions regarding dental finance and management for your dental practice.

Art Wiederman, CPA

Serving dental professionals for 35 years, Art Wiederman, CPA, is director of dental practices for Eide Bailly, one of the nation’s leading CPA firms. With special expertise in dental practice metrics and benchmarks, he oversees a variety of services, including accounting, tax and financial planning, retirement planning, and financial practice management. In addition to his podcast, Wiederman lectures nationally on dental accounting and financial management. He can be reached at awiederman@eidebailly.com.

Melbert E. (Mel) Schwarz

Melbert E. (Mel) Schwarz – Mel has over 35 years of experience in the world of tax legislation in Washington, D.C., including 6 years spent on the staff of the Joint Committee of Taxation. He is a past chairman of the Tax Legislation Committee of the AICPA and a former member of its Tax Executive Committee. He received his B.A. from SMU, his J.D. from the University of Michigan, and his Masters in Professional Accounting from the University of Texas.

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