Category: Dental CPA Blog

  I am a general dentist in private practice in a rural area wondering about how to relocate to a larger nearby town. My practice has slowed down over the last few years as the town is getting smaller and smaller.     I was wondering if you had any suggestions as to a good approach…Read More→

  So over the last 3 months, as we’ve had to purchase a lot more surgical instruments, cassettes, etc. to be set up for more implant-related surgeries (hard/soft-tissue grafting, extractions, all that stuff), we’ve been listing all the purchases in QuickBooks as Dental Supplies, rather than Equipment (Durable Goods). This month alone that’s added about $2600, which…Read More→

  This is a guest post from Stephen Trutter at Bank of America Practice Solutions. Have you ever wondered what the value of your practice is?  Are you at a point in your practice where you want to expand, renovate, or even relocate your office?  Do you have debt that you would like to refinance in…Read More→

  Hello,I was initially offered a full time job at this big office as an employee orthodontist. Paid on collection. However I was told by my financial advisor to ask to independent contractor and even though they did not prefer that but they did offer higher % on collection and I will be responsible for…Read More→

  Here is a guest post from a friend of our firm, Eddie Tuvin, recounting his valuable experiences/perspectives as being the part owner of a practice that failed. Lessons I Learned as a Partner in a Dental Practice Life looks great, you have saved a few dollars. Paid down the student loans, and opportunity comes…Read More→

  I used 183 for an average charge for new visit and 130 for an average charge for recall on my business plan.  The 183 was referenced to an ADA report somewhere I found on the internet….the 130 was my adding up the UCR of my area for recall typical procedures….But I have a problem…Read More→

  I have an associate position that I can leave around November. I’m looking around for a practice to purchase and wanted to get an approximate timeline on how long it takes from start to finish for a practice purchase, or any tips on making transition from associate to owner (in regards to when to…Read More→

Income Tax—Recent Graduates’ Job Search Expenses:  Expenses incurred by taxpayers when searching for new employment in the same trade or business are deductible as a miscellaneous itemized deduction [IRC Sec. 67(b) ]. Therefore, they are deductible only for regular tax purposes and only to the extent they and other miscellaneous itemized deductions exceed 2% of…Read More→

I wanted to get a head start at locating a practice to buy before my NHSC obligation is up which is on January 1, 2013. The good news is that I found one. It’s been on the market for about a year.  I have a broker but I feel as if he is rushing me…Read More→

  The dentist is willing to take $335,000 down and lease equipment for $50,000. The practice broker is not very happy and he demands the seller to pay commission on total $385,000. The seller is backing out. The office has 5 ops, paperless, digital, gross production of $515,000, equipment is 5-7 years old. The dentist…Read More→