Another Crazy Tax Season Ahead – 2021 Version

With the passage of the CAA in late December 2020 and the talk of additional pending legislation that appears to be heading our way, it will be another crazy income tax preparation season for many CPAs. Until the late December legislation, many CPAs had already been planning how their client’s income tax returns would be […]

SEC 199A – BETTER KNOWN AS QBI & QBID

There’s been quite a bit written on this new tax deduction for small businesses so while I don’t want to re-write the same articles I thought it would be helpful for dentists to be aware of some of the nuances of this new deduction now that year-end planning season is upon us. You should speak […]

Buying A Dental Practice: Buyins/Buyouts & Mergers

Next up I’ll talk about the “non-traditional” general dentistry practice and how you need to approach those situations. What do I mean by “a non-traditional general dentistry practice”? I’m referring to general dentistry practices that have developed somewhat of a specialty niche that they focus on within their general dentistry practice. This could be services […]

How to Tell If the Dental Practice Is a Good Fit: Tips for New Dentists

Luckily for new dentists, there are many options when it comes to joining a practice. There are small, two- or three-operatory chair practices. There are multi-location dental partnership groups, corporate dental practices; practices in cities and rural communities, and everything in between. How do new dentists know which one will be a good fit? Observe […]

Best Practices for Boosting Dental Staff Performance

When patients come to your dental office for check-ups or procedures, most of their interactions are with your staff. Ensuring that your team is performing well and keeping patients happy is an important part of your job as dentist, but how do you accomplish that? Below we list 4 best practices for boosting dental staff […]

Dental Practice Records Retention and Destruction Policies

Dentists and their staff maintain a significant amount of confidential, sensitive data on their patients. From payment information to health records, there are a lot of records to keep track of. When patients become inactive, move to a different practice, or simply as time passes, how do you know which records to keep and which […]

Best Practices for Dental Websites

The website for your dental practice is like a virtual waiting room. It’s the online version of your practice. Just like your physical office, you want patients to find your website easily, navigate to what they need quickly, and close their browser window with the feeling that they had (or will have) the same positive […]

Internal Controls for Your Dental Practice

Dental practices of every size should have strong internal controls. Optimum financial performance is one reason, but more importantly, internal controls can prevent fraud. It’s estimated that three to five percent of revenue is lost to employee fraud or misconduct every year. How much is that, exactly? As an example, if a dental practice is […]

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