Now that the typically busy season of the new year is over, many dental practices may be content with maintaining hygiene appointments and dental check-ups. However, while your patients are filing their tax returns, you should be actively marketing your dental services to them. Let us explain why. According to a study by JP Morgan…Read More→
Category: Dental CPA Blog
Five Ways to Help Dentists Save on Taxes
It’s tax season again, and soon you will be meeting with your dental CPA to prepare and file your 2017 tax return (if you haven’t already). Whether this is your first tax season as the owner of a dental practice or your 25th, taxes remain a stressful and time-consuming process for many dentists. We’re here…Read More→
Making Your Dental Practice Stand Out
What is your plan for attracting new patients and standing out from competing dental practices? Marketing should be an important element of your dental practice’s growth, but more than 60 percent of dentists don’t have a specific marketing strategy, according to Dentaltown. This represents a huge opportunity for innovative dentists to separate themselves from…Read More→
Buying a Dental Practice: There’s More to it Than Price-Part II- Buyins\Buyouts\Mergers & Special Situations
I had the honor of being invited to lecture at the 2018 townie mtg in mid-April in Orlando FL. This was the 4th time they’ve asked me to lecture, and I decided to dive a little deeper into unique situations as it relates to buying a dental practice. My 2014 lecture was an overview of…Read More→
Best Practices for Boosting Dental Staff Performance
When patients come to your dental office for check-ups or procedures, most of their interactions are with your staff. Ensuring that your team is performing well and keeping patients happy is an important part of your job as dentist, but how do you accomplish that? Below we list 4 best practices for boosting dental staff…Read More→
Buying a Dental Practice Is About More Than Just Price
Are you considering buying a dental practice and aren’t sure where to start? In 2014, Naden/Lean Partner Tim Lott presented Part One of a seminar on “Buying a Dental Practice: It’s Not Just About the Price.” In it, he discussed financial due diligence, what information to ask for, how to conduct the office visit,…Read More→
2018 Tax Changes – Meals and Entertainment
In the January edition of the Dental CPAs Newsletter, we listed 15 changes you will see because of the 2018 Tax Cuts and Jobs Act (TCJA). In this issue, we will explain how the tax treatment of Entertainment and Meals Expense has changed under the new law. Entertainment Prior to 2018 entertainment was treated…Read More→
Selecting the Right Transition Team
As you prepare to sell your dental practice, it’s important to have a qualified, dedicated transition team at your side. Simply choosing general advisors regardless of their specialty may seem harmless. For some dentists, choosing a general transition team has worked out fine. For most, though, a transition team comprised of dental experts yields…Read More→
Dental Practice Records Retention and Destruction Policies
Dentists and their staff maintain a significant amount of confidential, sensitive data on their patients. From payment information to health records, there are a lot of records to keep track of. When patients become inactive, move to a different practice, or simply as time passes, how do you know which records to keep and which…Read More→
Best Practices for Dental Websites
The website for your dental practice is like a virtual waiting room. It’s the online version of your practice. Just like your physical office, you want patients to find your website easily, navigate to what they need quickly, and close their browser window with the feeling that they had (or will have) the same positive…Read More→