Here is Part 2 of Deana’s QuickBooks Best Practices Tips: 4. Data Input One of the major challenges about maintaining accurate QuickBooks records is keeping the information organized. When you have been in practice for a while and have a long list of clients, it’s easy to get busy and backed up with correctly organizing…Read More→
Category: Dental CPA Blog
What is the Value of Your Dental Practice? Tips on Setting Your Practice Value
Whether you’re transitioning out due to retirement or preparing your practice for a merger, it’s important to position your practice to be as attractive as possible to the potential buyer. Do you know the value of your dental practice? How does your practice size up in the competitive marketplace?
What All Dentists Need To Know About Medicare Enrollment
Does your practice service patients 65&over who have medicare coverage? Here are some important details that our friends at Veros Dental recently shared about the 2015 Medicare Enrollment: Any dentist, including a specialist, who treats Medicare beneficiaries must either enroll in the Medicare program or opt out in order to prescribe medication to their qualifying patients with Part…Read More→
QuickBooks Tips Reloaded- Part 1
One of our Dental CPAs, Deana Jordan, posted an article in the January issue of Dentaltown magazine discussing QuickBooks: 10 Tips to Stay Organized and Efficient. We received so much great feedback from clients and others in the dental community who found the article really helpful. So we decided to further discuss Deana’s QuickBooks tips…Read More→
Tips on How to Sell Your Dental Practice
There are several approaches to take when preparing to sell your dental practice. You have worked extremely hard to build your practice and have invested a lot of money, sweat and tears to build your dental practice into what it is today.
Important Steps for a Successful Dental Practice Sale
When planning to sell your dental practice, it is important to follow a few important steps to realize the most value from your practice. Implementing these steps from the beginning will make your practice sale significantly easier and more profitable. Continue to generate and maximize your gross collections. It is easy to fall into the…Read More→
Finding an Associate Dentist Job – It’s not Just What You Do, It is How You Do It
Here is another guest blog from our friend Morgan Pace at ETS Dental. Dentistry is a highly technical field requiring extensive training to hone clinical techniques and skills, yet it is often not these technical skills that determine who get the best jobs after dental school. Generally, the “soft skills” are what will make or…Read More→
The 9 Dos and Don’ts of Divorcing Your Business Partner
This is a guest blog from Melanie Glickson, ESQ. The dissolution of a business can be just as harrowing as divorcing your spouse. Business partners split up for any number of reasons. Sometimes one partner is not producing. This might be due to personal troubles, like addiction to drugs or alcohol, which leads a…Read More→
IRS Pays Taxpayer’s Legal Bills – Tax Court Ruling
Chalk one up for the taxpayers. Penalties—Taxpayer Awarded Attorneys’ Fees after IRS Refuses to Abate Incorrect Assessment: A taxpayer, whose son lived with him most of the year, claimed Head of Household (HOH) filing status but did not claim his son as a dependent. (He and the child’s mother had agreed that she could claim…Read More→
Checklist of Items Needed for Dental Practice Sale
Are you starting to consider selling your dental practice? Here is a useful checklist of some of the items you will need in order to begin the process. For further details, email Ellen Dorner (a dental broker) or pick up the phone and call her at (800) 772-1065.