Treasury Department and IRS to Launch Redesigned W-4 Form in 2020

On Sept. 20, 2018, the Treasury Department announced that the Internal Revenue Service will implement a redesigned W-4 form for tax year 2020, a timeline that will allow for continued work to refine the new approach for the form. As a result of the enactment of the 2017 Tax Cuts and Jobs Act, the Treasury… Continue Reading Treasury Department and IRS to Launch Redesigned W-4 Form in 2020

Your WDA membership dues are still deductible as business expense

With the new tax bill in effect, Wisconsin Dental Association member dentists might wonder about the deductibility of WDA dues as it relates to the new tax bill. The itemized deduction for professional membership dues was eliminated, but the business deduction for dues remained in place. Dues to a professional organization are still deductible as a… Continue Reading Your WDA membership dues are still deductible as business expense

Economic census is legitimate

The Wisconsin Dental Association has received some calls regarding the economic census that went out to some dentists. The American Dental Association says it is legitimate; it’s from the U.S. Census Bureau. We checked the statutes and dentists are required to fill it out. Concerned dentists should visit this link: https://www.census.gov/search-results.html?q=economic+census&page=1&stateGeo=none&searchtype=web&cssp=Typeahead&%3Acq_csrf_token=undefined Also, this link provides… Continue Reading Economic census is legitimate

Four office lease renewal tips every dentist should follow

Knowing that it’s time to negotiate or renegotiate your dental office lease can feel like an impending cloud of doom, but there’s no reason to dread the process. Readiness is half the battle – a poorly structured dental office lease is detrimental to your business, while a well-crafted lease will allow your practice to thrive… Continue Reading Four office lease renewal tips every dentist should follow

State budget repeals personal property tax on machinery

WDA advises members to speak with their certified public accountant The 2017-2019 state budget, recently signed into law by Governor Scott Walker, included an important change long asked for by small-business owners by repealing the personal property tax on machinery. This can have a significant impact on your tax bill. While the Department of Revenue… Continue Reading State budget repeals personal property tax on machinery

Federal Parent PLUS Loans versus Parent Loans

The Wisconsin Dental Association has partnered with SoFi to bring members and their families the opportunity to save on student loan refinancing through SoFi.com/WDA. Now through Sept. 30, WDA members and their families receive a limited-time, double rate discount of 0.25 percent (normally 0.125 percent)1 when you apply to refinance your student and Parent PLUS… Continue Reading Federal Parent PLUS Loans versus Parent Loans

Free ‘ADA EFT Payments – Exploding the Myth’ webinar

When a dental benefits plan informs you that you must accept an electronic funds transfer or EFT payment instead of a paper check, do you have to accept the EFT payment? Find out the answer to this question and more during a free American Dental Association webinar on May 11 from noon – 1 p.m.… Continue Reading Free ‘ADA EFT Payments – Exploding the Myth’ webinar

MetLife pushing for electronic funds transfer

The WDA has received many calls from members asking if they must sign up for MetLife’s new policy that will require them to accept their reimbursements by electronic transfer. Any dentist who has received payments in the past received this letter. The ADA Practice Institute staff contacted MetLife about the concerns that not only does… Continue Reading MetLife pushing for electronic funds transfer