Retirement Plans for Fresno Medical and Dental Practices: SEP, SIMPLE, Solo 401(k) and Cash Balance

For a profitable practice above the QBI threshold, plan design is the largest deduction still available. Most practices stop well short of it.
Accounting and tax guidance for professional service firms, restaurants, and medical and dental practices in Fresno County.

For a profitable practice above the QBI threshold, plan design is the largest deduction still available. Most practices stop well short of it.

Most restaurant P&Ls cannot answer the only question that matters, because of how the accounts were set up.

Trust accounting is not harder than normal bookkeeping. It just follows different rules, and most bookkeepers were never taught them.

Writing off the whole chair this year feels like the obvious move. For a lot of Fresno practices it is the wrong one.

Tip reporting confuses two separate obligations: yours and your employees. Here is what a Fresno restaurant owner actually has to do.

If you’re a real estate investor or agent relying on a general business accountant, you’ve probably encountered this response: “I’m not really familiar with that.” This response often comes up when you ask about depreciation recapture, 1031 exchanges, or cost…