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→
Category: Dental CPA Blog
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.
IRS Phone Scam Alert
Our friends at Rea and Associates recently featured an article in their newsletter that sparked a lot of internal conversations here. One of our senior folks had received one of these phone calls (as had some of our clients). Rea and Associates kindly allowed us to share this with you as well. Here is what…Read More→
General Practice Dental Office in Laurel/Wheaton, MD for Sale
Well-established GP practice in high-rise professional bldg. with free parking. Adjacent to Wheaton Plaza Shopping Center. @2200 sf – 4 ops with high-end updated equipment, lab, staff lounge, private office for Dr. Grossing in excess of 800,000. Great opportunity for growth due to re-development in Wheaton/Laurel area. Easy access to 95 and 495 and the…Read More→
Why Become a Dentist?
Here is another guest post from Dr. Donald Lurie. It seems to me that goals and aspirations upon entering dentistry have changed drastically over the years. A few weeks ago, I was attending a conference and the subject arose as to “Why did you become a dentist?” I thought this was a really easy question…Read More→
Maximize Your Chances of Selling Your Dental Practice and Your Sales Price – Part 1
5 Ways to Improve the Selling Price of a Dental Practice When someone wants to sell their home, what is the first thing that comes to mind? Typically they will start by improving curb appeal, cleaning out the clutter and making sure it is spotless, and making it more appealing to the masses. Sellers of…Read More→
Is a Letter of Intent (LOI) Necessary When Buying or Selling a Dental Practice?
Here is a repost from Tim Lott, CPA, CVA and Ellen Dorner of NL Transitions, a Dental Brokerage firm. The easy answer is no, it is not necessarily needed. In most states it is not a legally binding agreement anyway, so why go through the effort? There are actually some very good reasons why having a LOI is crucial to…Read More→
The Letter Of Intent (LOI) – Does a Dentist Really Need It?
Here is a post from Tim Lott, CPA, CVA and Ellen Dorner of NL Transitions, a Dental Brokerage firm. The easy answer is no, it is not necessarily needed. In most states it is not a legally binding agreement anyway, so why go through the effort? There are actually some very good reasons why having a LOI is crucial to…Read More→