Writeoffs to the Rescue is a book written by top CPA’s and tax professionals about proactive strategies to legally lower your tax obligations. The book is available on Amazon and was released right after tax season in April 2019.
Below is more information on three Dental Accounting Association members who contributed to writing this book.
Peter Freuler – Florida CPA – Peter is a licensed CPA in Florida and holds a Bachelor’s degree from Columbia University and Master’s degree from University of Central Florida. He is also a founding member of the Dental Accounting Association. Click to learn more about his CPA practice focused on dental practices and various dental specialties.
Luke Gheen – Colorado CPA – Luke is a licensed CPA in Colorado and holds a Bachelor’s degree from University of Colorado. He also has an MBA from University of Colorado. He is also a founding member of the Dental Accounting Association. Click to learn more about his CPA practice focused on pediatric dentistry, oral surgeons, orthodontists and general dental practices.
Mike Manoloff – Texas CPA – Mike is a licensed CPA in Texas and holds a Bachelor’s degree from Indiana University. He is also a founding member of the Dental Accounting Association. Click to learn more about his CPA practice focused on general dentistry practices, orthodontists, pediatric dentistry and various dental specialty practices.
Writeoffs to the Rescue provides various tax strategies to lower your tax, recognizes that taxes aren’t fair, and the rules were overhauled recently.
The U.S. tax code is 67,204 pages long. Heck, there are 1,638 different forms. As a result, taxpayers overpay $1 billion per year in taxes (according to U.S. Government Accounting Office).
What if you don’t own your building? No problem, Cost Segregation can be performed on the interior improvements that you have undertaken as a tenant as part a buildout. This strategy allows you to “front load” your depreciation at tax time, freeing up significant cash flow which can be reinvested into your building or practice. You will not get more money back, you will simply expedite the time frame of your depreciation allowing your money to work for YOU rather than pay our government! This is a particularly good time to consider a Cost Segregation Study with the newly implemented 100% bonus depreciation regulation as part of the Tax Cuts and Jobs Act of 2017. This legislation is different from the past version because it now includes acquisition where previously bonus only applied to newly constructed buildings.
For example, a newly constructed dental office with a cost basis of $1,540,000 can expect to see around 30% accelerated, and with the new bonus depreciation, the first-year tax savings could be in excess of $180,000! A rented two story medical office with recent tenant improvements totaling over $290,000 was able to accelerate over 91,000 or roughly 60%!
All members of the 
