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Dentallabnetwork.com
Outsourcing Concerns- FDA Regulations-ADA Regulati
New FDA Registration for Medical Device Manufacturers
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<blockquote data-quote="Rayne" data-source="post: 83841" data-attributes="member: 3510"><p>The tax is based on the total amount the dentist is charged minus the products not included in the final product (e.g. model) and transport costs. Keep in mind this is still to be confirmed by the IRS this fall, but this is the info Bennet Napier has provided to us so far.</p><p></p><p>So for example:</p><p></p><p>Crown (all materials and processes included) $80.00</p><p>Chair side consultation $25.00</p><p>Delivery $15.00</p><p> </p><p>Total $120.00</p><p></p><p>With the tax:</p><p></p><p>Crown (total cost minus model and transport) $80.00 - ($2.00 for model and $15.00 for delivery) = $63.00 x 2.3%</p><p>Chair side service not included in tax $25.00</p><p>Total tax = $1.45</p><p></p><p>New Invoice Crown with delivery and chair side consult = $121.45</p><p></p><p>Again, all of this needs to be confirmed and we will build in options into the Evident system to stylize the reporting and submission to reduce the amount of time dental labs spend on the new tax submission. The system will record automatically when you invoice with the new tax and provide the report needed to fill out the form 720.</p><p></p><p></p><p>Any thoughts or suggestions on what you want included are always welcome as our development comes directly from our users.</p></blockquote><p></p>
[QUOTE="Rayne, post: 83841, member: 3510"] The tax is based on the total amount the dentist is charged minus the products not included in the final product (e.g. model) and transport costs. Keep in mind this is still to be confirmed by the IRS this fall, but this is the info Bennet Napier has provided to us so far. So for example: Crown (all materials and processes included) $80.00 Chair side consultation $25.00 Delivery $15.00 Total $120.00 With the tax: Crown (total cost minus model and transport) $80.00 - ($2.00 for model and $15.00 for delivery) = $63.00 x 2.3% Chair side service not included in tax $25.00 Total tax = $1.45 New Invoice Crown with delivery and chair side consult = $121.45 Again, all of this needs to be confirmed and we will build in options into the Evident system to stylize the reporting and submission to reduce the amount of time dental labs spend on the new tax submission. The system will record automatically when you invoice with the new tax and provide the report needed to fill out the form 720. Any thoughts or suggestions on what you want included are always welcome as our development comes directly from our users. [/QUOTE]
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Outsourcing Concerns- FDA Regulations-ADA Regulati
New FDA Registration for Medical Device Manufacturers
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