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IRS EXPLORES SUMMER ACTIVITIES THAT COULD IMPACT YOUR TAXES

IRS Tax Tip 2025-37, June 5, 2025 Summer is a time for fun but it’s never the wrong time to be thinking about taxes – and some summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for tax season....

PLANNING FOR YOUR CHILD’S SUMMER JOB:

Tips on completing your child’s W-4 Form. When your child begins their summer job and will be paid as a W-2 employee, their new employer will require them to complete a Form W-4, Employee’s Withholding Certificate. The purpose of the form is to instruct the employer...

IS AI TRULY A GAME-CHANGER FOR DENTISTRY?

By Pouya Andalib, Managing Partner Evox365 Is AI truly a game-changer for dentistry—or just another tech buzzword destined to fizzle out like yesterday’s trends? Many dentists are understandably skeptical. After all, not every new tool lives up to the hype, and most...

WHAT IS AN 83(B) ELECTION?

Making an 83(b) election when receiving founder’s stock generally makes a lot of sense. When you have the opportunity to purchase restricted stock for a start-up company at a nominal price, if you do NOT make the 83(b) election, you are taxed on the value of the...

AVOID HUGE PENALTIES BY FILING YOUR FORM 5500 FOR YOUR 401K/PROFIT SHARING PLAN BY 7/31/25

Just a reminder that if your practice had a 401k/Profit Sharing Plan in place during 2024, you are required to file a Form 5500 by 7/31/25 (Form 5500 Corner | Internal Revenue Service (irs.gov).  If you aren’t able to submit this paperwork prior to 7/31, please file...

PAYROLL FAQs WITH S&S PAYROLL MANAGER GRETA:

Q: What happens when an employee leaves and how does it affect your MA Unemployment taxes? When an employee is terminated, the day they leave they must be paid for all wages they are owed plus any PTO or Vacation hours accrued. Sick hours typically do not have to be...

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