Choosing the appropriate business entity is pivotal for dental practitioners embarking on practice ownership. This choice influences tax obligations, liability exposure, and the overall financial health of the practice. At Dental CPAs, we specialize in guiding dentists through the complexities of entity selection, ensuring alignment with immediate and long-term objectives. Understanding Business Entity Options Dentists…Read More→
Starting a dental practice is a significant milestone, but it’s no small feat. Whether you’re a recent graduate or a seasoned professional ready to transition into practice ownership, setting up a dental practice requires careful planning, thoughtful financial decisions, and a strong support system. At Dental CPAs, we specialize in guiding dentists through this intricate…Read More→
Knowing your practice’s worth is essential if you’re a dental practice owner considering selling, expanding, or planning for the future. Understanding dental practice valuation can help you make informed decisions, avoid leaving money on the table, and secure your financial future. Here’s an overview of the primary methods used in valuing a dental practice and…Read More→
Running a dental practice requires balancing patient care with business management, and effective bookkeeping is essential to ensure smooth operations and long-term growth. At Dental CPAs, we understand the unique financial challenges of dental practices and offer specialized guidance to help you take control of your finances, allowing you to focus on patient care. Here…Read More→
Running a successful dental practice requires more than excellent patient care—it demands precise financial management, effective operational strategies, and staying competitive in an ever-evolving industry. These tasks are where Dental Practice Consulting services from Dental CPAs come in. We specialize in helping dental practices maximize their potential, streamline operations, and achieve long-term profitability. With years…Read More→
Running a successful dental practice involves more than just providing top-notch patient care—it requires meticulous financial management to ensure your practice’s long-term growth and profitability. This task is where a specialized dental accountant becomes an invaluable asset. By partnering with an expert dental accountant, you can streamline your financial processes, maximize your practice’s profitability, and…Read More→
Understanding the value of your dental practice is crucial, whether you’re considering selling, merging, or simply planning for the future. A dental practice valuation helps you make informed decisions and negotiate effectively. This guide will walk you through the key concepts and methodologies in dental practice valuation or price assessment, providing a clear, easy-to-follow roadmap….Read More→
Running a dental practice involves more than just patient care; it requires effective business management to ensure financial health and long-term success. This task is where a dedicated Dental CPA (Certified Public Accountant) becomes invaluable. 6 Benefits of a Dedicated Dental CPA Here’s why every dental practice should consider partnering with a Dental CPA. Specialized…Read More→
The IRS recently announced an immediate stop to processing new claims for the Employee Retention Credit. The ERTC is a refundable tax credit designed for businesses that continued to pay their employees despite Covid-19 closures or that had a significant decline in gross receipts during eligible periods, primarily 2020 and 2021. Many of us have…Read More→
Well, not really ALL about EBITDA; that said, it’s essential to know what it is, what it means, how it’s used, how it’s calculated, and most importantly, does it apply to you and your practice. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. Some see it as a form of net cash flow…Read More→
