Best accounting & bookkeeping software for Dentists (2023)
All-in-one finance platform for accounting, bookkeeping, taxes and payroll for dentists and dental practices
Why dental practices love mesha
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780+
Hours saved on accounting, bookkeeping and financial admin tasks
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$10000/year
saved on bookkeeping and tax fees
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100%
accurate financial insights
Financial powerhouse for your dental practice
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Accounting
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Bookkeeping
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Taxes
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Payroll
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Invoicing
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Legal
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Expenses
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Reporting
Intelligent accounting software for modern dental practices
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Expenses
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Supercharge your dental practice growth and close your books 3X faster
Expert bookkeeping tailored to your business
Specialized bookkeeping expertise is crucial for dental practices. Our services are meticulously tailored to address your unique requirements, whether you're a solo practitioner, a group practice, or a dental clinic. Our experts efficiently manage your finances, covering everything from patient billing to equipment procurement, ensuring precision and compliance. Leave the administrative details to us while you concentrate on growing your dental practice.
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Trusted tax management and filing for dental practices
Tax Management Software
  • Utilize advanced tax management software tailored for dental practices.
  • Automate tax calculations for income, payroll, and federal tax obligations.
  • Receive timely reminders for tax deadlines and compliance requirements.
  • Easily generate tax-ready reports, including Profit and Loss (P&L) statements, expense records, and balance sheets.
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Tax Prep and Filing
  • Enjoy on-demand consultations with experienced tax advisors specializing in the dental industry.
  • Receive expert guidance on dental-specific tax structures and strategies to optimize tax savings.
  • Work to minimize tax liabilities while maximizing deductions for your dental practice.
  • Stay up-to-date and compliant with evolving tax laws and regulations impacting the dental field.

Tax related FAQs for dental practices

What tax deductions are available for my dental practice?

Dental practices can typically deduct expenses such as rent or mortgage interest, employee wages, equipment purchases, office supplies, marketing costs, and professional development. It's important to maintain accurate records to claim these deductions.

Section 179 of the tax code allows dental practices to deduct the cost of qualifying equipment purchases in the year they were acquired, up to a certain limit. However, the Tax Cuts and Jobs Act has increased the limit to a substantial amount, providing potential tax advantages.

Estimated tax payments are quarterly payments made to the IRS to cover income and self-employment taxes when they're not withheld from your income. Dental practice owners typically need to make these payments if they anticipate owing more than $1,000 in taxes when they file their annual return. eeping accurate records is essential to support these deductions.

It's crucial to correctly classify workers. Employees have taxes withheld from their paychecks, and employers pay payroll taxes. Independent contractors, on the other hand, are responsible for their own taxes. Misclassifying workers can lead to tax penalties, so it's essential to understand the distinction.

Yes, dental practice owners may be eligible for the QBI deduction, which allows for a deduction of up to 20% of qualified business income. The eligibility and the amount of the deduction depend on various factors, so it's advisable to consult with a tax professional for guidance.

Yes, dental practice owners can establish retirement plans like a 401(k) or a Simplified Employee Pension (SEP) IRA. These plans offer potential tax advantages, such as tax-deferred growth and deductible contributions, which can help you and your employees save for retirement while reducing your tax liability.

Simplifying payroll management for dental practices

Our comprehensive payroll solutions are designed to make payroll management a breeze.

Stay compliant with mesha
  • Off Cycle payroll and flexible payment schedules

  • Next day direct deposit

  • Payroll Deductions and Garnishments

  • Overtime and reimbursement calculations

  • Payroll and taxes across multiple states

  • Payroll for FTEs, contractors and freelancers

Payroll taxes and compliance

We handle payroll taxes and compliance to ensure strict adherence to local regulations and government requirements.

Stay compliant with mesha
  • Automated tax calculation

  • Tax filing and reporting

  • Tax codes and regulation updates

  • Multi jurisdiction compliance

  • Tax liability tracking

  • Work Classification Compliance

  • SUI Reporting

  • Wage Garnishments and Deductions

Want to start a dental practice, but don’t know how to go about it?
Build a foundation of financial success with mesha