Five Ways to Help Dentists Save on Taxes

It’s tax season again, and soon you will be meeting with your dental CPA to prepare and file your 2017 tax return (if you haven’t already). Whether this is your first tax season as the owner of a dental practice or your 25th, taxes remain a stressful and time-consuming process for many dentists. We’re here…Read More→

Buying a Dental Practice Is About More Than Just Price

Are you considering buying a dental practice and aren’t sure where to start? In 2014, Naden/Lean Partner Tim Lott presented Part One of a seminar on “Buying a Dental Practice: It’s Not Just About the Price.” In it, he discussed financial due diligence, what information to ask for, how to conduct the office visit, and…Read More→

Where to Open Your New Dental Practice: Location Matters

If you’ve decided to open a new dental practice or expand your current office, choosing the location is probably one of the most important decisions you’ll make. Some factors that go into this decision are straightforward, like avoiding too much competition, but other aspects of choosing a location require more research than you might expect….Read More→

Buying a Dental Practice for New Dentists

Buying your first dental practice is exciting and a little scary. For young dentists, buying your own practice is perhaps the biggest investment you’ll make in your career. The practice loan and your student loan debt can seem overwhelming, but the payoff can be great and the chance to be your own boss is one…Read More→

Buying a Dental Practice and Wondering if Overhead was Adjusted Properly?

There’s a great thread on dentaltown.com about why buyers should NOT pay for potential and projections. Part of the discussion revolves around normalizing cash flow, particularly the overhead of the practice. This prompted me to write a blog post to help potential buyers evaluate a seller’s cash flow specifically with overhead. Over the past 25…Read More→

When Should I Begin Planning To Transition Out Of My Practice?

The first steps begin by recognizing and acknowledging a time frame of transitioning. This may be driven by desire or the need to retire. Often, dentists fear the transition process and view it as the end of their best years. Transitioning out of your dental practice is not the end, it’s the beginning. The ultimate…Read More→

Production by Procedure Report in Practice Acquisition.

Here is a guest blog post from Dr. Richard Wyne, DDS The production by procedure report is a very simple report to review when doing your due diligence on a potential buying opportunity that offers a wealth of information. A quick scan allows you to gauge the size of the practice, search for fraud/malpractice and…Read More→

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