A General Guide to Dental
Understanding the value of your dental practice is crucial, whether you're considering selling, merging, or simply planning for the future.
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Why Every Dental Practice Needs
Running a dental practice involves more than just patient care; it requires effective business management to ensure financial health and
Are You Interested in an
The IRS recently announced an immediate stop to processing new claims for the Employee Retention Credit. The ERTC is a
All About EBITDA
Well, not really ALL about EBITDA; that said, it's essential to know what it is, what it means, how it's
ANOTHER EMPLOYEE VS INDEPENDENT CONTRACTOR
A topic that gets beat to death is what I figured I'd hit it again for the heck of it.
Understanding the value of your dental practice is crucial, whether you’re considering selling, merging, or simply planning for the future. A dental practice valuation helps you make informed decisions and negotiate effectively. This guide will walk you through the key concepts and methodologies in dental practice valuation or price assessment, providing a clear, easy-to-follow roadmap....Read More→
Running a dental practice involves more than just patient care; it requires effective business management to ensure financial health and long-term success. This task is where a dedicated Dental CPA (Certified Public Accountant) becomes invaluable. 6 Benefits of a Dedicated Dental CPA Here’s why every dental practice should consider partnering with a Dental CPA. Specialized...Read More→
The IRS recently announced an immediate stop to processing new claims for the Employee Retention Credit. The ERTC is a refundable tax credit designed for businesses that continued to pay their employees despite Covid-19 closures or that had a significant decline in gross receipts during eligible periods, primarily 2020 and 2021. Many of us have...Read More→
Well, not really ALL about EBITDA; that said, it’s essential to know what it is, what it means, how it’s used, how it’s calculated, and most importantly, does it apply to you and your practice. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. Some see it as a form of net cash flow...Read More→
A topic that gets beat to death is what I figured I’d hit it again for the heck of it. Seriously though, I’m seeing this topic more frequently lately. So instead of re-publishing one of our older employees vs. independent (EE vs. IC) blogs, I’d write another more current one. As new doctors enter the...Read More→
Due to Covid-19, several federal and state relief programs were designed to help dentists and other small businesses survive the pandemic. Three of the most popular programs were: The Paycheck Protection Program (PPP) administered by the SBA The Provider Relief Fund administered by HHS The Employee Retention Tax Credit (ERTC) All these programs provided financial...Read More→
This is another public service announcement for all the buyers out there looking at practices to purchase. This post will be short & sweet. When a buyer is searching for practices to buy, they contact brokers to check out their listings. There’s nothing wrong with that; it’s a great way to find a practice. When...Read More→
In many practice purchase transactions, the sellers will keep their patient accounts receivables (A/R) and the buyer will accept the responsibility to collect them for a period of time at a nominal fee (to help cover their costs) and remit those collections to the seller. While this sounds simple enough, if the asset purchase agreement...Read More→
I understand the dental practice broker’s job is to get the highest price they can for their client. As dental-specific CPAs that provide seller representation services, that is our goal as well. Apparently, the main difference is the willingness of some brokers to turn a blind eye to certain aspects of developing the asking price...Read More→