--- title: Chaliff CPA Blog | Gregory Chaliff description: At Chaliff we pride ourselves on delivering the best accounting services in the Midsouth. Our team is more than accountants – we’re entrepreneurs. --- ###### ![phone](https://blog.chaliffcpa.com/hubfs/phone.svg)  901.753.4000 ![email](https://blog.chaliffcpa.com/hubfs/email.svg)   [Email Us](https://chaliffcpa.com/#homeRequestAConsultation) [Client Portal](https://chaliffcpa.cchifirm.us/clientportal/) [Request Consultation](https://chaliffcpa.com/#homeRequestAConsultation) [![chaliff logo](https://blog.chaliffcpa.com/hubfs/chaliff-logo.png)](https://chaliffcpa.com/) ![menu-chaliff](https://blog.chaliffcpa.com/hubfs/Website%20Assets/menu-chaliff.png) ![close_chaliff](https://blog.chaliffcpa.com/hs-fs/hubfs/close_chaliff.png?width=72&height=48&name=close_chaliff.png) - [Services](https://chaliffcpa.com/#homeServices) - [Testimonials](https://chaliffcpa.com/#homeTestimonials) - [About](https://chaliffcpa.com/#homeAbout) - [Blog](https://blog.chaliffcpa.com) - [Services](https://chaliffcpa.com/#homeServices) - [Testimonials](https://chaliffcpa.com/#homeTestimonials) - [About](https://chaliffcpa.com/#homeAbout) - [Blog](https://blog.chaliffcpa.com) ![](https://app.hubspot.com/settings/avatar/4eacbbaf5fe68240f0ae1680261c41e0) ### Gregory Chaliff All Posts - [All Posts](https://blog.chaliffcpa.com) - [Small Business](https://blog.chaliffcpa.com/tag/small-business) - [Accounting](https://blog.chaliffcpa.com/tag/accounting) - [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) - [Taxes](https://blog.chaliffcpa.com/tag/taxes) - [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) - [Dentists](https://blog.chaliffcpa.com/tag/dentists) - [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) - [Contractors](https://blog.chaliffcpa.com/tag/contractors) - [Construction](https://blog.chaliffcpa.com/tag/construction) - [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping) - [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) - [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service) - [Payroll](https://blog.chaliffcpa.com/tag/payroll) - [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions) - [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) - [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) - [Electrician](https://blog.chaliffcpa.com/tag/electrician) - [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) - [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) - [Property Tax](https://blog.chaliffcpa.com/tag/property-tax) Search ###### Topics - [Small Business](https://blog.chaliffcpa.com/tag/small-business) - [Accounting](https://blog.chaliffcpa.com/tag/accounting) - [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) - [Taxes](https://blog.chaliffcpa.com/tag/taxes) - [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) - [Dentists](https://blog.chaliffcpa.com/tag/dentists) - [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) - [Contractors](https://blog.chaliffcpa.com/tag/contractors) - [Construction](https://blog.chaliffcpa.com/tag/construction) - [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping) - [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) - [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service) - [Payroll](https://blog.chaliffcpa.com/tag/payroll) - [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions) - [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) - [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) - [Electrician](https://blog.chaliffcpa.com/tag/electrician) - [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) - [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) - [Property Tax](https://blog.chaliffcpa.com/tag/property-tax) ###### Popular Posts - [Dental Practice Accounting 101: Don't Ignore the Balance Sheet](https://blog.chaliffcpa.com/dental-practice-accounting-balance-sheet) - [3 Financial Statements Every Electrical Contractor Should Know](https://blog.chaliffcpa.com/3-financial-statements-every-electrical-contractor-should-know) - [25 Tax Deductions for Tradesmen and Contractors That Can Save You Money All Year Long](https://blog.chaliffcpa.com/25-tax-deductions-for-tradesmen-and-contractors) - [These are the 5 Top Software Options To Streamline Your Dental Accounting](https://blog.chaliffcpa.com/top-5-dental-software-options) - [How Are Employee Bonuses Taxed?](https://blog.chaliffcpa.com/how-are-employee-bonuses-taxed) [![Dental Practice Accounting 101: Don't Ignore the Balance Sheet](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Nov-06-2023-02-28-09-3186-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Nov-06-2023-02-28-09-3186-PM.png)](https://blog.chaliffcpa.com/dental-practice-accounting-balance-sheet) [Accounting](https://blog.chaliffcpa.com/tag/accounting), [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Dentists](https://blog.chaliffcpa.com/tag/dentists), [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) ##### [Dental Practice Accounting 101: Don't Ignore the Balance Sheet](https://blog.chaliffcpa.com/dental-practice-accounting-balance-sheet) 25 September 2023 How do you know you are making sound financial decisions about your dental practice? How can you show potential buyers that you have sufficient... 4 minute read [Read More](https://blog.chaliffcpa.com/dental-practice-accounting-balance-sheet) [![Construction Contractors Ask: Do I Need an Accountant If I Have QuickBooks?](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Nov-08-2023-03-06-05-9530-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Nov-08-2023-03-06-05-9530-PM.png)](https://blog.chaliffcpa.com/do-i-need-an-accountant-if-i-have-quickbooks) [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa), [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) ##### [Construction Contractors Ask: Do I Need an Accountant If I Have QuickBooks?](https://blog.chaliffcpa.com/do-i-need-an-accountant-if-i-have-quickbooks) 4 September 2023 You may be starting your own business or have been a contractor for years. Either way, you’ll need to manage your finances well to achieve and... 4 minute read [Read More](https://blog.chaliffcpa.com/do-i-need-an-accountant-if-i-have-quickbooks) [![Should You Buy a Dental Practice? What You Need to Know](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-05-2023-06-19-09-7429-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-05-2023-06-19-09-7429-PM.png)](https://blog.chaliffcpa.com/should-you-buy-a-dental-practice-what-you-need-to-know) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Dentists](https://blog.chaliffcpa.com/tag/dentists), [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) ##### [Should You Buy a Dental Practice? What You Need to Know](https://blog.chaliffcpa.com/should-you-buy-a-dental-practice-what-you-need-to-know) 28 August 2023 One of the most significant financial decisions a dentist can make is to join an existing practice, start their own, or purchase an established one. ... 6 minute read [Read More](https://blog.chaliffcpa.com/should-you-buy-a-dental-practice-what-you-need-to-know) [![What Contractors Need to Know About Navigating IRS Audits](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-02-26-49-6790-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-02-26-49-6790-PM.png)](https://blog.chaliffcpa.com/what-contractors-need-to-know-about-navigating-irs-audits) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [What Contractors Need to Know About Navigating IRS Audits](https://blog.chaliffcpa.com/what-contractors-need-to-know-about-navigating-irs-audits) 7 August 2023 As a Tennessee contractor, you're no stranger to the ins and outs of managing projects, coordinating teams, and delivering exceptional results to... 5 minute read [Read More](https://blog.chaliffcpa.com/what-contractors-need-to-know-about-navigating-irs-audits) [![Six Strategies for Debt Management in Dental Practices](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-05-2023-04-25-02-6536-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-05-2023-04-25-02-6536-PM.png)](https://blog.chaliffcpa.com/six-strategies-for-debt-management-in-dental-practices) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Dentists](https://blog.chaliffcpa.com/tag/dentists), [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) ##### [Six Strategies for Debt Management in Dental Practices](https://blog.chaliffcpa.com/six-strategies-for-debt-management-in-dental-practices) 31 July 2023 Dentistry is an incredibly rewarding profession. Unfortunately, dental practice ownership can also be an expensive endeavor. The result is that many... 4 minute read [Read More](https://blog.chaliffcpa.com/six-strategies-for-debt-management-in-dental-practices) [![Top 5 Construction Accounting Software Options For Contractors](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-12-21-40-0796-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-06-2023-12-21-40-0796-PM.png)](https://blog.chaliffcpa.com/top-5-construction-accounting-software-options-for-contractors) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors), [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) ##### [Top 5 Construction Accounting Software Options For Contractors](https://blog.chaliffcpa.com/top-5-construction-accounting-software-options-for-contractors) 10 July 2023 Running a construction business usually means you wear lots of hats. The sheer amount of work required demands you use the right tools in the office,... 5 minute read [Read More](https://blog.chaliffcpa.com/top-5-construction-accounting-software-options-for-contractors) [![The Essential Guide to Dental Payroll Accounting and Bookkeeping](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Sep-05-2023-01-00-25-0733-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Sep-05-2023-01-00-25-0733-PM.png)](https://blog.chaliffcpa.com/the-essential-guide-to-dental-payroll-accounting-and-bookkeeping) [Payroll](https://blog.chaliffcpa.com/tag/payroll), [Accounting](https://blog.chaliffcpa.com/tag/accounting), [Dentists](https://blog.chaliffcpa.com/tag/dentists), [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping), [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) ##### [The Essential Guide to Dental Payroll Accounting and Bookkeeping](https://blog.chaliffcpa.com/the-essential-guide-to-dental-payroll-accounting-and-bookkeeping) 3 July 2023 Running a dental practice involves way more than burs, bridges and bicuspids, and managing payroll is one crucial aspect that should not be... 5 minute read [Read More](https://blog.chaliffcpa.com/the-essential-guide-to-dental-payroll-accounting-and-bookkeeping) [![Construction Contractors Ask: Is It Better to be Paid W-2 or 1099?](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Jun-27-2023-02-34-37-3287-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Jun-27-2023-02-34-37-3287-PM.png)](https://blog.chaliffcpa.com/construction-contractors-ask-is-it-better-to-be-paid-w-2-or-1099) [Payroll](https://blog.chaliffcpa.com/tag/payroll), [Construction](https://blog.chaliffcpa.com/tag/construction), [Contractors](https://blog.chaliffcpa.com/tag/contractors) ##### [Construction Contractors Ask: Is It Better to be Paid W-2 or 1099?](https://blog.chaliffcpa.com/construction-contractors-ask-is-it-better-to-be-paid-w-2-or-1099) 5 June 2023 Construction contractors and, well, everyone, want to make as much money as possible. That’s why we often hear the W-2 vs 1099 question. Does one... 5 minute read [Read More](https://blog.chaliffcpa.com/construction-contractors-ask-is-it-better-to-be-paid-w-2-or-1099) [![Taxes Are Expensive! Here’s How Strategic Dental Accounting Can Save You Money](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-Jun-06-2023-01-08-06-3156-PM.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-Jun-06-2023-01-08-06-3156-PM.png)](https://blog.chaliffcpa.com/how-strategic-dental-accounting-can-save-you-money) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Dentists](https://blog.chaliffcpa.com/tag/dentists), [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions), [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice), [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) ##### [Taxes Are Expensive! Here’s How Strategic Dental Accounting Can Save You Money](https://blog.chaliffcpa.com/how-strategic-dental-accounting-can-save-you-money) 29 May 2023 Running a dental practice is an incredibly busy proposition. In addition to ensuring you are providing your patients with the best care possible,... 3 minute read [Read More](https://blog.chaliffcpa.com/how-strategic-dental-accounting-can-save-you-money) [![Dental Accounting: A Practical Guide For Dentists](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-1.jpg?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-1.jpg)](https://blog.chaliffcpa.com/dental-accounting-a-practical-guide-for-dentists) [Accounting](https://blog.chaliffcpa.com/tag/accounting), [Dentists](https://blog.chaliffcpa.com/tag/dentists), [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa), [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) ##### [Dental Accounting: A Practical Guide For Dentists](https://blog.chaliffcpa.com/dental-accounting-a-practical-guide-for-dentists) 1 May 2023 As a dentist, you can figure out why a patient’s bottom front tooth hurts, when it’s time to pull wisdom teeth, and the best way to fill a cavity.... 3 minute read [Read More](https://blog.chaliffcpa.com/dental-accounting-a-practical-guide-for-dentists) [1](https://blog.chaliffcpa.com) [2](https://blog.chaliffcpa.com/author/gregory-chaliff/page/2) [3](https://blog.chaliffcpa.com/author/gregory-chaliff/page/3) [![chaliff-logo-white](https://blog.chaliffcpa.com/hs-fs/hubfs/chaliff-logo-white.png?width=200&height=61&name=chaliff-logo-white.png "chaliff-logo-white")](https://chaliffcpa.com/) Chaliff & Associates **© **2021 | [Privacy Policy](https://chaliffcpa.com/privacy) | [Accessibility](https://chaliffcpa.com/accessibility) ![1_Badge_Online_large](https://blog.chaliffcpa.com/hs-fs/hubfs/1_Badge_Online_large.png?width=80&height=106&name=1_Badge_Online_large.png "1_Badge_Online_large") [Follow us on Facebook](https://www.facebook.com/chaliffcpa) [Follow us on LinkedIn](https://www.linkedin.com/company/chaliffcpa/)