This as part two of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed Part1, there’s a great thread on www.dentaltown.com asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I won’t be…Read More→
Category: Dental CPA Blog
What’s Most Important to You When Looking to Purchase a Practice? Part 1
My good friend and fellow townie (that’s what we call members of dentaltown.com, the forums board) Dr. Tom Bonsack posted a great thread on dentaltown with that question, “What’s most important to YOU when looking to purchase a practice?” It got a lot of great feedback from people with different perspectives so I thought I’d…Read More→
What’s On Your Bucket List For Your Next Chapter Of Life?
If you are planning to transition out of your practice, having enough retirement money is extremely important. You’re on the verge of finally pursuing your other goals and dreams outside of your practice, and now it the time to ensure that you have the proper finances to enjoy your next life chapter.
Fraud Awareness in the Dental Office
At a holiday party, Dr. Savchuk ran into an ex-patient. He inquired as to how the patient was doing with her new insurance. The patient told him they had not changed insurance. They asked Dr. Savchuk, if he got his computer system fixed.
QuickBooks Tips Reloaded- Part 2
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→
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→