Category: Dental CPA Blog

Tax Court Rules that Horse Racing Losses Can Be Deducted

Here is one of those instances where meticulous record keeping paid off. Income Tax—Horse Racing Activity Not Passive: The Section 469 Passive Activity Loss (PAL) rules limit losses from any trade or business in which the taxpayer does not materially participate. The Tax Court has recently held that a lawyer’s losses from a side thoroughbred…Read More→

Selling a Dental Practice in a Distress Situation

Here is a blog from Ron Ehman from the Dental CPAs and Ellen Dorner of NL Transitions, a Dental Brokerage Firm Definition of distress – “Acute or extreme pain or anxiety, state of extreme necessity or misfortune, to compel by pain or force of circumstances“. Selling a dental practice in a distress situation is never…Read More→

There’s More to Selling Your Dental Practice Than the Price

Here is a post from Tim Lott, CPA, CVA and Ellen Dorner of NL Transitions, a Dental Brokerage firm. Far too many times when dentists are preparing to sell their dental practice, they are focused mainly on the price and may wind up overlooking many other issues surrounding the practice sale that are just as…Read More→

The Conversation a Dentist Can Have with Fearful Patients

Here is another post, the last in a series, from our friend Jen Butler of Jen Butler Coaching. It doesn’t matter if patients react from flight or fight mode.  Both types can be easy to work with and does not need to make for a stressful day at the office. These steps will help you connect, defuse,…Read More→

Time to Start Planning Your Transition Out of Dentistry

It is now spring and you’ve been thinking about renewal and new starts – of your life, that is! You’ve been a practicing dentist for over 25 years and have many times thought that it was time to start the transition out of your dental practice and try your hand at something new – whether…Read More→

What Should a Dentist Do When a Patient Wants to Flee?

Here is another post, the second in a series, from our friend Jen Butler of Jen Butler Coaching. Patients that come from a place of fight are easier to pinpoint, not easier to work with.  The body has a defense mechanism that when put in dangerous, threatening, or fearful situations gets louder, bigger, and more aggressive to…Read More→

What a Dentist Should Do When a Patient is Fearful

Here is a guest blog post from our friend Jen Butler, M.Ed., CPC, BCC from Jen Butler Coaching. Fear and dentistry seem to go hand in hand.  Whether the fear comes from childhood experiences or is solely psychological, fear is a real thing that patients often bring with them to their appointments. Here’s what most…Read More→

Is a Traditional Practice or a Group Practice Right for a Dentist?

Here is another guest post from our friend Carl Guthrie at ETS Dental. Twenty years ago, the vast majority of dentists were solo practitioners who called their own shots and ran their own businesses. Today, group practices represent a significant percentage of the market and now provide an alternative to traditional solo practice. At this…Read More→

Forward Thinking Dentist

The one question I am most asked by dentists is “when should I start the transition process?” My quick response is to be proactive instead of being reactive.  By that I mean, instead of taking a “wait and see” approach to the dental transition process, take a proactive approach. You know that you will transition…Read More→