Category: Dental CPA Blog

I am planning to start my first Dental Office this year. Everyone tells me it’s especially best to start this year, 2011, because of additional advantages due to the changes in the 179 Tax law. I have tried reading up on it and honestly the verbiage is a little too confusing. Can you “please ” just…Read More→

During my many buyer representation engagements I tend to see some common issues when it comes to practice valuations that sellers could have avoided to help maintain their practice values. Here are some of those areas. 1. Clean Record Keeping: Remember, buyers and their advisors will be picking over your information, it’s like inviting someone…Read More→

When it comes to engaging a CPA to assist you in buying a dental practice you should NOT be looking for just any CPA, you need to work with a Dental CPA that has years of experience with not only dental practices, but dental practice transitions as well. Whether it’s the outright sale of 100%…Read More→

I’ve been practicing for one year, what should I expect?     I’ve heard some are getting as high as 40% of production and others as low as 25%.     I’ve been offered 30% production where I pay half the lab bill, x-rays and exams are not included as production. It seems fairly reasonable…Read More→

We frequently receive phone calls from dentists seeking assistance in purchasing their dental practices. We have put together the follow series of videos to outline the process. Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com For more information or to sign up for our newsletter, please contact info@dentalcpas.com Follow us on Twitter, Facebook and Pinterest

My background: I have been out of school for two years and it has always been a dream of mine to own my own practice. I am married with two kids and for the past two years I have been working for a corporate chain. I have learned a ton and consider myself ready. Hope…Read More→

Just looking for confirmation that I am thinking right here… I have a couple associates that work for me out of 2 offices, and I work 5 days a week. 2010 Tax bracket made over the 33% bracket and will likely increase this year. Associates make 30%. I am thinking cutting back a day and…Read More→

Hi, a newbie dentist here, I’m going to set up myself as an S-Corp (no LLC in California), my attorney wanted to know if I will be paying myself via W2. I guess I need to know this info to set up an EIN. Can you advise? Thanks a ton! Jason Wood (www.DentalAttorneys.com) Before answering all…Read More→

You get up to 35% credit on what you pay towards medical. The only crappy thing is that your staff has to average under $50K income… But I think this could work in some parts of the country. Disappointed that it doesn’t take into consideration that some areas have a higher income level and associated…Read More→

Independent contractors are valid in various industries given the proper circumstances, including dentistry. However, the government has and will continue to look for abuses of the classification where employers attempt to use the classification to avoid employment taxes. People who wish to be considered independent contractors (IC) should arrange their circumstances so that their case…Read More→