Category: Dental CPA Blog

Why You Need Certain Information for Your Due Diligence – Part II

I decided to write this blog series mainly because of the pushback we get from sellers’ advisors on some of the information we request when representing the buyer. The second items I’ll discuss are the practice management reports for production by provider by ADA code and production by payor. What’s interesting about the pushback we…Read More→

Why You Need Certain Information for Your Due Diligence – Part I

I decided to write this blog series mainly because of the pushback we get from sellers advisors on some of the information we ask for when representing the buyer. The first item I’ll discuss are W-2s by year along with an employee roster for that year noting positions, average hours worked per week, hourly rate…Read More→

Getting A 2nd Opinion On Your Tax Return

  Our Dental CPA team recently reviewed the 2014 income tax returns for a prospective client and were shocked at some of our findings. Had we been engaged for a year-end tax planning meeting well in advance of 12/31/14, this doctor would have saved almost $35k in taxes and other areas. Here’s what we found:…Read More→

Production by Procedure Report in Practice Acquisition.

Here is a guest blog post from Dr. Richard Wyne, DDS The production by procedure report is a very simple report to review when doing your due diligence on a potential buying opportunity that offers a wealth of information. A quick scan allows you to gauge the size of the practice, search for fraud/malpractice and…Read More→

Witches Brew: Concocting a simple marketing strategy to grow your practice

  The word “marketing” can have several meanings based on the perspective of the end user. While some view marketing as a sales effort with the primary role of gaining business, others use “marketing” to describe the overall promotion of a practice (the brand). Sales and positive branding are both important in overall practice growth….Read More→

Trick or Treat: Tips to Stock Up on Financial Treats

  When it comes to money, you want treats, not tricks, here are a few financial tips to avoid tricks and boost up the treats in your practice’s overall finances: Differentiate a “Need” from a ”Want” It’s a bad idea to spend more than you’re bringing in. When deciding to make large equipment purchases for…Read More→

Questions to Consider When Creating a 50/50 Partnership

While practicing in a partnership or group practice has its advantages, such as sharing management responsibilities, marketing duties and operational costs, there also can be a few drawbacks of a group practice. One of the biggest mistakes dentists make it not having a comprehensive agreement to manage the partnerships. If you are considering a 50/50…Read More→