Cliff's Notes

The Business of Dentistry

Tax Time 2009! Kavo Free 5 Day Free Trial, GURU!

Cliff’s Notes for April 4, 2010

Cliff Marsh, Henry Schein ……Cell: 201-321-7494……Fax: 201-262-2210…..E-mail

“In this world nothing is certain but death & taxes.”
Benjamin Franklin

In This Issue
• Tax Time 2009, Don’t Forget the State!
• VOCO Dental is Here!
• Kavo Free 5 Day Handpiece Trial Offer!
• The Next DDS –!
• Dental Resource Center (DRC) News Letter – April, 2010!
• Dental Product Reports – Reviews GURU!

Tax Time 2009!……………………………………………………………………………………………….
Please don’t forget the State of New Jersey, because they will not forget you! Yesterday there was an article in The Record’s business section about a company in Maryland that sold product into the state of New Jersey. One of their employees lived in New Jersey and worked from home. In a final ruling, the Tax Court Presiding Judge sided with the State. The Maryland Company had to pay a corporate income tax to New Jersey because it was deemed that they have a physical presence in the state.

That ruling is very significant because it sets precedence. I am not an attorney nor am I qualified to debate the subject, however, the state just got a favorable ruling on tax revenue and if you don’t think they’re going to utilize it to help balance an out of control budget, keep drinking the cool-aid.

Now, how could this effect your organization? You pay your estimated quarterly taxes and comply with all state regulations, BUT, there is always a “but”, did you know that you are responsible for all taxes due to the state? That includes sales tax, and if you don’t do this one right, it will cost.

Sales Tax is charged by the individual states. Sales Tax is due to the state where you take possession. For example, if you travel to NYC and buy something that is taxable the tax laws in NY apply. If you order something from NY and have it shipped through a common carrier ( i.e. UPS or FedEx) to NJ, the tax laws in NJ apply. Companies that have a physical presence in New Jersey are obligated by state law to collect NJ Sales Tax and forward the funds to the state’s division of taxation. If the sales tax is not collected, the buyer is obligated by law to complete a USE TAX statement and pay the appropriate tax. If you do buy something from a company that has no physical presence in the state and collects sales tax or offers to, do yourself a favor, request a copy of a current NJ Sales Tax Certificate. If they are not registered with the state, the tax liability is yours. The state will not consider it paid.

As a general consumer, the State of New Jersey forgives up to a $500.00 use tax obligation, however, as a registered business in the state, there is no forgiveness. I went through a state tax audit a few years back and it wasn’t fun. We did everything by the book but a $250.00 invoice for copy paper that came from out of state was not taxed and it slipped through our system. It cost $2500.00 in fines and interest.

It is important that you discuss your “USE TAX” liability with your tax advisor. There is an old saying, “play with fire, expect to get burned”.

The following was copied off the State web site, it is a description of the USE TAX. The full text can be viewed at:

“A compensating use tax is also imposed when taxable goods and services are purchased and New Jersey sales tax is either not collected or is collected at a rate less than New Jersey’s sales tax rate. The use tax is due when such goods, or the goods on which taxable services are performed, come into New Jersey. If sales tax was paid to another state, the use tax is only due if the tax was paid at a rate less than New Jersey’s rate.

All persons required to collect the tax must file a Business Registration Application (Form NJ-REG). Each registrant’s authority to collect the sales tax is certified by a Certificate of Authority issued by the Division, which must be prominently displayed at each place of business to which it applies.”

Please contact me at any time if you have any questions or concerns.

VOCO Dental…………………………………………………………………..
“Creative in research” is VOCO’s motto. In the dental product industry, VOCO’s research has yielded successful innovations in the following areas: amalgam replacing restorative materials, prophylaxis products, filling and lining materials, impression and prosthodontic materials and time-saving techniques. Moreover, VOCO led a research task force co-sponsored by the federal government called “New Biocompatible Dental Materials.” Examples of VOCO’s successful research are:

(Ctrl+Click on the product for details)
Grandio, a nano hybrid composite;
Ionofil Molar, which utilizes special glass ionomer technology;
Ufi Gel hard C, a direct hard denture relining material based on composite technology.

KAVO 5 Day Free Handpiece Trial Offer – Try Before You Buy!…………
Kavo has introduced a new handpiece trial program. Follow the link and register on-line. Kavo will send you the handpiece of your choice, free of charge, that you can use for 5 days. After trial period, you can keep the handpiece and have it invoiced at your discount rate or return it, postage pre-paid, directly to Kavo in the same box it arrived in. If you have any questions or concerns, please feel free to contact me at any time.

The Next DSS…………………………………………………………………
This is the newest internet portal to be opened. If you are in dental school, just graduated, an associate or moving into private practice, this web site is a “no-brainer”. For those of us that are seasoned veterans, imagine if this information was available to us?

DRC April, 2010 e-Newsletter……………………………………………….

April DRC e-newsletter
April brings us three new modules, including an excellent CE presentation by Dr. Michael Apa on treatment planning according to facial aethetics.

DRC modules are packed with timely and clinically relevant information—and because they’re on-demand, you can watch them any time, 24/7. For the busy practitioner, it’s the fastest and most convenient way to keep up with CE and improve the way you practice dentistry.

April features three new modules:
— Treatment Planning for Minimally Invasive Dentistry Utilizing Facial Landmarks (1 CEU)
— Algin-X Ultra (alginate alternative)
— EverLight (overhead lighting with LED technology)

Treatment Planning for Minimally Invasive Dentistry Utilizing Facial Landmarks
This CE module will cover how to treatment plan according to facial aesthetics. Facial features can dictate tooth position offering the practitioner the ability to utilize minimally invasive techniques, producing a more life-like result. Seating a case, an arch at a time with no mistakes, can be a difficult process. Dr. Apa discusses inserting the teeth all at once to cut down on seating errors. Finally, utilizing good materials can lead to excellence during the restorative process. Learn about different products that can assist in creating an optimal, aesthetic result.

Log in to http://www.drcdental
Click on New Releases to watch this module.

This CE module (1 CEU) is presented by Dr. Michael Apa.

Algin-X Ultra
This module will show how new Algin-X Ultra offers all the best features of conventional alginates and much, much more including ease-of-use, excellent dimensional stability with improved detail, and two no mess, no guess delivery options for the ultimate in impression-taking convenience.

Log in to http://www.drcdental
Click on New Releases to watch this module.

EverLight (with LED technology)
DentalEZ, a global leader in dental operatory equipment, introduces the EverLight, an advanced operatory lighting system that uses LED technology to deliver cool, quiet, precise lighting without the disadvantages of halogen lights.

This module will show how EverLight’s innovative, state-of-the-art technology enables you to enjoy better lighting while cutting costs, improving productivity, and reducing your impact on the environment.

Log in to http://www.drcdental
Click on New Releases to watch this module.

Dental Products Report – Reviews GURU……………………………………..

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April 1, 2010
Connect With Your Patients
Henry Schein Guru™ Patient Education Solutions

Henry Schein Guru™ transforms dental education by creating new connections between you and your patients. Guru presents award-winning education solutions and a patented education method, Stop, Draw and Teach™, that get attention and prepare patients to understand and accept more treatment. With Guru, spectacular videos and animations enhance your own methods, and powerful web tools communicate a unique level of personal attention patients don’t see anywhere else-for better outcomes and informed, healthier patients.

Click here for more information

Cliff Marsh
Henry Schein Dental
P.O. Box 663, 45 Rt. 46 East, Suite 605
Pine Brook, NJ 07058
tel. 201-321-7494

April 4, 2010 - Posted by | 1

1 Comment »

  1. Thank you for the kind words and please enjoy your day….

    Comment by Cliff's Notes Blog | July 24, 2013 | Reply

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