Category: Dental CPA Blog

  If you just finished dental school, congratulations! You’re heading into a profession with strong growth potential, good work-life balance, and a variety of career advancement opportunities. It’s an exciting time to join a great profession. Whether your future includes going into private practice, industry, entrepreneurship, teaching and research, government and health care, or hospital…Read More→

  As dentists, you already know how much you enjoy your job. You take pride in your work, knowing that you help your patients achieve better overall wellness through a healthy smile. Now, the rest of the U.S. knows it, too. In January, U.S. News and World Report released their annual ranking of the 2017…Read More→

  Studies have shown that accounts receivable (AR) in dental practices is highest between January and April. If your practice sees higher than usual AR early in the year, make it your priority to reduce this number later throughout the year. Carrying a balance on your accounts receivable is a common practice with any business, and…Read More→

So you’re in the market looking to buy a dental practice, and you’ve seen information from brokers with summary practice information. As you’re looking at the overhead information, you think that some of the OH stats look really low and that must be great, and some look really high, and that must be terrible, so…Read More→

    It’s estimated that most dental practices overpay their taxes. We don’t want yours to be one of them! There are several deductions where your dental practice could be saving money on taxes, even on everyday expenses. Two words to keep in mind when claiming dental tax deductions: ordinary and necessary. Both conditions must…Read More→

The modern dental practice is an efficient, patient-centered experience that seamlessly integrates technology into everyday processes and procedures. Does this sound like your dental office? Even if you answered yes, read on for suggestions on the best technology to invest in for a more productive, profitable dental practice – and how to make your equipment…Read More→

    Could you be paying too much in taxes for your dental practice? Below are five areas where you may be overspending. Deducting Business Expenses Other than the typical business expenses you’re probably aware of, like meals and entertainment and mileage, there are other deductible business expenses that could save you more on taxes….Read More→

Did you resolve to make better financial decisions for your dental practice this year? Financial improvements are the third most popular resolution people make on January 1. It’s not too late to make progress for 2017. Use this guide as a starting point to set up your office for success. Tips for Financial Success from…Read More→

According to a recent study on dental practice seasonality trends, March and April are among the busiest months of the year. Does this sound like your dental practice? If so, you’ve no doubt also noticed this coincides with tax season. To help make your busiest months a little easier, here are the tax deadlines for…Read More→

  If you haven’t already, it’s time to skim through your tax documents to ensure you are well prepared for filing. Here are some important items to remember: Check your records for invoices of single item purchases of more than $2500. These fixed assets need to be capitalized. Review your invoices to make sure nothing…Read More→