President’s Message Are You Ready
for the Tax Season? As President of SDDS, I am proud that our Nugget gives you the latest and the greatest information in a timely manner. We help keep you up on laws, new rules and other important business to help you run your business and be the best dentist you can be. This issue on taxes brings forth information (thanks to our vendor members who were contributors). And speaking of vendor members, SDDS has almost 40 of them! They help support our members in their various areas of expertise. They help keep YOUR dues lower by providing non dues revenue to the SDDS!
By Wallace Bellamy, DMD 2016 SDDS President
With April 15th just ahead of us, it is time to put in to motion what we should think about throughout the year: Our personal, and, in some cases, business, taxes. What is new for 2016? If you practiced as a C corporation, Form 1120 (Corporate Income Tax Return) is due by this date. This date was previously March 15 for calendar year taxpayers and is one month later than in previous years. Also, tax extender legislation introduced by Congress in late 2015 would extend or make permanent many personal and business taxes. As always, consult your tax professional regarding your filing status criteria and whatnot.
Have a vision of what your taxes should be like. For those of us who own and/or operate practices in this current climate, it is important to not only be business owner/operators, but also business leaders. Building and developing your team contributes to this vision. Helping patients personally, often, and efficiently will make you and your business profitable. And setting attainable goals through a vision and with the help of your tax professional will hopefully make tax season manageable and somewhat predictable.
Amalgam Separator Specials for SDDS Members:
$825 Installed (Up To $500 In Savings)
Call Desco to schedule your appointment!
916-259-2838 4141 Citrus Ave #3 Rocklin, CA 95677 www.descodentalequipment.com
4 | The Nugget • Sacramento District Dental Society