Skip to content
  • XERO Sign In
  • Client Sign In
    • Suralink Client Portal
    • eMoney Login
    • Black Diamond Login
  • Facebook
  • LinkedIn
  • Youtube
  • About
    • History
    • Our Team
  • Services
    • New Doctors
    • Financial Planning
    • Practice Transitions
    • Investments
    • Accounting Services
    • Tax Services
    • New Clients
    • Book a CWA Speaker
  • Resources
    • Resources
    • Podcast
    • Annual Meeting
    • Events
    • 3to1 Foundation
  • Blog
  • Contact
  • XERO Sign In
  • Client Sign In
    • Suralink Client Portal
    • eMoney Login
    • Black Diamond Login
  • Facebook
  • LinkedIn
  • Youtube
  • Careers
  • References
  • Privacy
  • Disclosures
  • Terms of Use
  • Events
  • About
    • History
    • Our Team
  • Services
    • New Doctors
    • Financial Planning
    • Practice Transitions
    • Investments
    • Accounting Services
    • Tax Services
    • New Clients
    • Book a CWA Speaker
  • Resources
    • Resources
    • Podcast
    • Annual Meeting
    • Events
    • 3to1 Foundation
  • Blog
  • Contact

Tax Updates

  • by CWA
  • •    January 27, 2015
SHARE

SECTION 199 MANUFACTURING DEDUCTION

Recent court cases involving Starbucks and Dean Foods have broadend the way a business can interpret “manufacture”. The Section 199 Manufacturing Deduction allows businesses an additional tax deduction for items you “manufacture”.  Based on these cases, “manufacture” includes making crowns, inlays, onlays, occlusal guards, retainers, and other restorations using CEREC /E4D technology in your office.   This also includes the operation of in-house labs that produce retainers, models, appliances, etc.  The new, simplified way of claiming these deductions removes the tedious record keeping.

The deduction is 9% of your net profits from the products you “manufacture” with a few limitations and phase-outs. 

ACTION:

Begin tracking revenues associated with these procedures, and if possible, go back and look at 2014 to see where you may be able to claim the manufacturing deduction on your 2014 taxes. 

UPDATE: EMPLOYER REIMBURSEMENTS OF EMPLOYEE HEALTH INSURANCE PREMIUMS

The Department of Labor (DOL), has posted clarifications associated with the ACA’s market reform provisions impacting EPPs. In a nutshell, EPPs are considered group health plans,however, market reform establishes that “plans” can’t limit any individual’s annual benefits, and plans must also provide certain preventative services without cost-sharing requirements. Since EPPs can’t be integrated with individual market policies to meet these market reform requirements they are in violation and subject to steep penalties up to $36,500 annually, per employee.

ACTION:

See full story in this month’s Digital News for details and steps you can take to avoid being penalized.

Cain Watters is a Registered Investment Advisor.  Cain Watters only conducts business in states where it is properly registered or is excluded from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.  Request Form ADV Part 2A for a complete description of Cain Watters investment advisory services. Diversification does not ensure a profit and may not protect against loss in declining markets.  Past performance is not an indicator of future results. 

LIKE THIS ARTICLE? HERE ARE OTHERS YOU MIGHT LIKE.

IRS Updates Contribution Limits for 2023

January 20, 2023

Ensure Your End-Of-Year Charitable Giving is Tax Deductible

November 25, 2022

Claim Inflation Reduction Act Credits on Your Tax Return

November 18, 2022

Year-End Tax Planning Considerations for 2022

October 25, 2022
GET THE LATEST NEWS AND INFORMATION IMPACTING YOUR PRACTICE.
Email will be used in accordance with our Privacy Policy

CATEGORIES

All
Categories
  • Accounting (7)
  • Accumulating Wealth Podcast (71)
  • Annual Meeting (14)
  • Digital News Feature (104)
  • Financial Planning (121)
  • Inside CWA (27)
  • Investing (57)
  • Knowledge & Know-How (74)
  • News (79)
  • PR/Marketing/Social Media (5)
  • Practice Management (80)
  • Practice Transition (1)
  • Seminars & Events (11)
  • Tax News (82)
  • Technology (5)
  • The 3to1 Foundation (12)
  • The Advisors' Shelf (11)
  • Videos (30)

TOP POSTS

Employee Retention Tax Credit Retroactive Credits for Dental Practices

September 16, 2022

Roth or Pre-Tax? Select the Best Savings Strategy for You

April 18, 2022

IRS Funding Limits for 2022

January 14, 2022

Regaining Control of Dental Practice Salaries

July 9, 2021

Employee Retention Tax Credit Retroactive Credits for Dental Practices

September 16, 2022

Roth or Pre-Tax? Select the Best Savings Strategy for You

April 18, 2022

IRS Funding Limits for 2022

January 14, 2022

Regaining Control of Dental Practice Salaries

July 9, 2021
CONNECT WITH US
  • About
    • History
    • Our Team
  • Services
    • New Doctors
    • Financial Planning
    • Practice Transitions
    • Investments
    • Accounting Services
    • Tax Services
    • New Clients
    • Book a CWA Speaker
  • Resources
    • Resources
    • Podcast
    • Annual Meeting
    • Events
    • 3to1 Foundation
  • Blog
  • Contact
  • Careers
  • References
  • Privacy
  • Disclosures
  • Terms of Use
  • Events
Cain Watters & Associates 6900 Dallas Parkway, Suite 500 Plano, Texas 75024