DWI CPD Test: Saving 5 Figures On Tax For Your Dental Practice

1. What is one common goal of tax planning for dental practices?

Reduce unnecessary tax payments

Increase daily workload

Raise patient fees

Add more paperwork

2. Why is keeping proper financial records important?

It helps avoid buying materials

It makes tax savings easier

It replaces the need for an accountant

It increases tax bills

3. What is a benefit of working with a specialist dental accountant?

They clean your surgery

They manage patient complaints

They know dental-specific tax rules

They set your clinical schedule

4. Which of the following is a legal way to reduce tax?

Claiming all allowable business expenses

Hiding income

Ignoring deadlines

Guessing your tax numbers

5. What is one example of a deductible business cost in a dental practice?

Personal groceries

Family holidays

Clinical equipment

Gym memberships