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…Read More→
Tag: dentalCPAs
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…Read More→
Buying a Dental Practice, There’s More To It Than Price-Part V: Buyins/Buyouts/Mergers & Special Situations
My past blog talked about non-traditional GP practices and how you should approach them, this blog will talk about the “large practice” GP practices and the various ways you’ll need to deal with them. What do I mean by “large practice”? The “large practice” is one which usually requires at least two dentists to handle…Read More→
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…Read More→
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…Read More→
Why You May Need to Sign a Non-Compete When You Sell Your Dental Practice
You already know that selling your dental practice will come with a lot of contracts to sign. Did you know that a non-compete might be among them? Unless your plans involve moving to a different state for retirement, expect the buyer to ask you to sign a restrictive covenant that protects his or her new…Read More→
Buying a Dental Practice: There’s More to it Than Price-Part II- Buyins\Buyouts\Mergers & Special Situations
I had the honor of being invited to lecture at the 2018 townie mtg in mid-April in Orlando FL. This was the 4th time they’ve asked me to lecture, and I decided to dive a little deeper into unique situations as it relates to buying a dental practice. My 2014 lecture was an overview…Read More→
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…Read More→
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…Read More→
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…Read More→