Over 90% of healthcare businesses overpay taxes. 

Are you one of them?

Navigating the tax landscape is challenging, especially in the healthcare business world where extra rules and expenses seem to be the norm. Most of our clients are healthcare professionals – that’s our background, too. We work directly with you and your accounting team to capture tax benefits – we call it your TaxRx, a prescription for savings. 

We help our clients add wealth:

  1.  Without increasing income.
  2.  Without growing their business, and
  3.  Without reducing their lifestyles.

Between federal, state, and other taxes, over 40% of every dollar you earn could be going somewhere outside of your business and bank account – and that’s after your overhead expenses.

There are IRS-approved methods to reduce your taxes or yield valuable tax credits, but they require a specialist.

That’s where we come in. 

CASE STUDIES

CLIENT CASE STUDY:
Orthodontic Practice

The mature practice was referred by their excellent accounting team, who assisted with the filing requirements. Our team analyzed the practice and provided benefits yielding $372,000 in refunds and tax savings now and additional annual benefits. 

Are you a dental professional? Reach out to learn more.

R&D Tax Credits

The practice was heavily engaged in orthodontic innovation, including the development of a 3D printing lab, predictive case modeling using various software solutions, and novel combinations of bracket and archform wires. Our experts were able to assist with reporting and calculation requirements that recaptured credits from past years and yielded current benefits. Learn more about R&D tax credits. 

Recaptured R&D Credits

$106,000

Current R&D Credits

$68,000

Cost Segregation

The doctor recently built a new office space. By creating an engineered cost segregation report, TaxRx was able to accelerate the depreciation on the new building, allowing the doctor to receive the bulk of the benefit now instead of over the next 30 years. 

Tax Savings

$198,000

CLIENT CASE STUDY:
Regenerative Clinic

The young practice was referred by a management law firm. Our team analyzed the practice and provided benefits yielding over $51,000 in refunds and tax savings now and additional annual benefits. 

Do you provide regenerative care? Reach out to learn more.

R&D Tax Credits

Regenerative medicine is often cutting-edge, requiring clinicians to develop their own applications. This practice provided BHRT treatments, integrated several devices to provide laser-based and other treatments – all of which required the development of patient protocols and outcome evaluations. Learn more about R&D tax credits. 

Recaptured R&D Credits

$21,000

Current R&D Credits

$18,000

Family Management Company

We assisted the doctor in creating an equipment entity that reduced his liability and allowed him to employ family members. This entity created unique opportunities to shift income and benefit from health and retirement planning. 

Immediate Tax Savings

$12,000

Annual Benefits

$12,000

CLIENT CASE STUDY:
Dental Practice

Our team has been working with this practice for years, providing R&D credit assistance and other benefits. The practice transacted last year. Between R&D and the Aegis Installment Trust alone, we assisted the doctors in over  $450,000 in refunds and tax savings. 

Dental professional? Reach out to learn more.

R&D Tax Credits

The practice integrated CAD-CAM processes to develop an inhouse lab solution, evaluating various ceramic and finishing options. They also developed their own dental implant process, evaluating several bone grafting protocols in conjunction with various implant systems and other modifications.  Learn more about R&D tax credits. 

Current R&D Credits

$54,000

Aegis Installment Trust

The practice was sold utilizing the Aegis Transactional Trust system to mitigate hefty capital gains taxes. 

Tax Savings

$400,000+

Using tax savings to invest or reduce debt is like playing with house money.

Our average client saves thousands every year in taxes.

Whatever you do with your new tax savings – vacation, reduce debt, invest, etc. – is up to you. You earned it. Our select strategic alliances open opportunities to our clients that are usually reserved for elite investors. Imagine building your retirement with money you expected to lose to taxes. 

“Your taxes shouldn’t be a mysterious black box.

I built TaxRx Group to give you access to tax strategies used by the ultra-wealthy.”

BENJAMIN DYCHES, DDS, JD • FOUNDER

Dr. Jeannie Moody
Moody Orthodontics

TaxRx Group helped my practice save money. Their team is receptive, experienced, and professional.

Shane Warburton, CPA
CFO Ortho

I have worked with several Research and Development Credit companies over the years, but the Tax Rx Group has been by far the best. They have a great team of industry experts to help with these complex tax credits. We recommend working with Tax Rx.

John Bender, MD
Miramont Wellness

The TaxRx system resulted in a significant savings. We were able to amend our taxes to receive a larger benefit than expected. 

Our Expert Tax Services

You’re ready to stop overpaying your taxes. Here’s how we can help.

Your TaxRx

You’ve got a tax problem. You could use a good prescription.

Most small businesses (93%) have a tax overpayment problem. We work to provide a solution through our TaxRx to identify savings potentials and then working to make them a reality.

Your Path to Tax Savings

1) Schedule a Call

We’ll ask a few simple questions. You’ll tell us what you need. We’ll discuss options. Simple as that.

2) Build Your Tax Solution

We’ll develop a tax solution that fits your unique needs. So you can be confident that what you’re doing is actually going to work.

3) Get Results

When you invest in something, it should work. That’s why we work hard to shoulder the heavy lifting and guide your accounting team.

Trusted by

Imagine having a crystal-clear tax solution your entire team can rally around.

Imagine feeling confident that you’re not overpaying your taxes.

That’s the power of expert tax solutions with TaxRx.

The landscape of American tax policy has seen significant shifts in recent years, with one of the most impactful being the change in the treatment of Research and Development (R&D) expenses. This blog aims to shed light on the current status of the R&D Tax Credit, its implications for businesses, and the growing call for Read More
Navigating Tax Planning for Healthcare Businesses: A Case Study of ‘Practice, LLC’ Introduction At TaxRx Group, we specialize in providing comprehensive tax advisory services tailored to the unique needs of our clients. This blog presents a detailed case study of how we assisted an orthodontist client and their business, ‘Practice, LLC’, in optimizing their tax Read More