2023 Year-End Tax Guide [Critical Updates, Overlooked Deductions & Strategies to Maximize Returns]

As we approach the end of 2023, the clock is ticking for maximizing your tax deductions. Join Bob Gray, a renowned expert in dental accounting and founding member of the Academy of Dental CPAs, as he discusses how to take advantage of last-minute deductions before they slip away.

Learning objectives:
• Critical tax deductions that are commonly missed
• Tax code updates, including the pass-through entity tax and employee retention tax credit
• Section 179 depreciation deduction options, such as strategic year-end equipment purchases and potential write-offs
• Cost-segregation and how this could contribute to one of your largest tax deductions
• Cash flow considerations, including strategies and financial planning tips for 2024
• Personal tax implications, such as HSAs, retirement accounts, ROTH IRAs, and 529s

BONUS: Extended 30-minute robust Q&A session to address your urgent questions in real-time.

0:00 - 1:44 - Introduction
1:44 - 3:07 Speaker Intro
3:07 - 4:14 ADCPA
4:14 - 5:07 2023 Tax Planning Considerations
5:07 - 5:55 Changes for 2023
5:55 - 7:47 Maximize Itemized Deductions
7:47 - 9:47 What is ERC?
9:47 - 10:38 What Can I Claim?
10:38 - 13:18 Recovery Start-Up Business
13:18 -15:25 IRS Announcement
15:25 - 22:13 Dental Equipment/Section 179 & QBI
22:13 - 24:04 Pass Through Entity Tax
24:04 - 29:13 Other Deductions
29:13 - 34:28 HSAs, ROTH IRAs, and 529s
34:28 - 36:25 Key Takeaways
36:25 - 1:04:30 Q&A

Rely on Us.

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