Fazel Mostashari, Dental CPA

MBT, CPA/PFS, CFP, CDFA

Owning and operating a private dental practice or business is not commonly taught at any university or college.

Dentists have to struggle to find success through many trials and errors, which, of course, cost money, energy, and time (sometimes many years). Only after this struggle are they able to operate a financially sound and profitable practice.

The truth is, many dentists might be great clinicians but end up completely lost running a business. On the other hand, some dentists might excel in the dentistry business with a modest work schedule, simply managing their business based on good, valid, and time-tested principles.

We have created this website to provide invaluable support to dentists in building a business. We will help you cut down on errors and, at the same time, maximize resources.

We also provide custom solutions for all seasons of dentistry business, for when you’re ready to buy and start a dental business, when you’re actively managing a business, and when even when you’re planning your exit.

We can provide unique and custom answers to provide a solid foundation for your practice’s success and the realization of personal financial goals.

We believe that the foundation of a lasting client relationship is our ability to listen to your needs and to create a custom solution uniquely tailored to your goals and circumstances. Our goal is to provide you with financial expertise, industry guidance, exceptional service, and trusted advice that you can use to reach your goals for your practice or business. We are here to help you realize the financial rewards you deserve.

We provide a TWO HOUR FREE IN-PERSON CONSULTATION, that we might best understand your needs and then tailor solutions to meet your specific goals. 

We offer a FREE initial consultation for Dental Professionals.

Call us today at 818-884-2549 and speak with Fazel Mostashari, Dental CPA, to learn how we can assist you in your dentistry business.  

Dental Practice Start-Up Services

  • Dental Practice Valuations
  • Practice Acquisitions
  • Practice Mergers
  • Formation or Dissolution of Partnerships
  • Associate Buy-ins
  • Dental Practice Transitions
  • Transaction Advisory
  • Negotiation Assistance
  • Business Modeling
  • Cost/feasibility Study
  • Demographic Site Analysis
  • General Demographics
  • Socioeconomic Indicators
  • Dental Practice Competitive Analysis
  • Long-term Strategic Planning
  • Corporate Entity Structuring
  • Assistance Securing Financing
  • Tax Planning Strategies
  • Dental Office Accounting Set-up and Support
  • Dental Practice Bench Marking

Our Dental CPA firm provides dental professionals with a wide variety of custom services to enable dentists to excel in the dentistry business. It’s vital that dental businesses are well established, so that personal and business success may be accomplished in an effective manner and that potential risks are recognized, minimized, and promptly dealt with.

Check out the services we provide to dentists and dental practices:

  1. Reconcile your bank account, credit accounts and loans

    Generate an income statement (P&L)

    Generate a balance sheet

    Clean up your general ledger

    Prepare your personal income tax return

    Prepare your business income tax return

    Prepare any required sales and use tax returns

    Prepare your Worker’s Compensation audit reports

    Prepare your Form 571-L Business Property Tax returns

    Prepare Forms 1099 for any vendors or independent contractors

    In addition to these services, we’re always available to speak with you over the phone or communicate by email regarding any questions about your dental practice.

  2. We provide dental practice valuations and due diligence as well as consulting during the purchase process. Our services are unique and unmatched in the field. We provide all the resources that are necessary for you to be well prepared for the winding road of purchasing and owning a dental practice. We offer our expertise to help your business succeed!

  3. For each of our clients, we develop a custom Personal Financial Score Card. We discuss the items to ensure your customized path to personal financial success and also to limit your personal and business liability. We employ a fee-only financial adviser to serve our clients’ best interests. 

    We never sell any products and we never get any commissions. We are paid only by our clients. There are many salespeople out there who sell (or push) bad products that financially harm dentists’ in the long term. We always recommend staying away from bad products. Review the items that we discuss based on current and future goals. Remember, planning is a process that is continuous and requires knowledge, skills, ethics and patience.

    A. Estate: Will & Living Trust, Titling of Assets, Irrevocable Trusts, Durables Power of Attorney, and Gifts & Charity Planning            

    B. Investing: Equity/Fixed Income Ratio, Diversification, Handling of Benefits, Tax Planning, and Cost Minimization                                   

    C. Risk: Business & Umbrella Coverage, Life Insurance, Property & Liability Insurance, Health Insurance, and Disability & Long Term Care Insurance 

    D. Spending: Saving Target, Meeting Target, Budgeting, Liquidity, and Debt Management 

    F. Goals: Retirement, College, Home, Work, and Enjoying Now   

  4. Our fees are competitive and fixed. In addition, we provide a 25% discount on hourly charges for all dental professionals. For all other services, as needed, there will be a fixed price set and communicated in advance.

We provide every dental professional a TWO HOUR FREE CONSULTATION to discuss any issue they may have or any of the services we’ve described above. Please see our main website at SoCalDentalCPA.com for more references and resources. 

We would be happy to provide you with an appointment at your convenience to discuss how we can serve you.

As a financial professional, and also as a husband of a dentist, I have been involved in the dental industry since the start of my career as a CPA. Being a Dental CPA is a calling and I am proud of being part of my clients’ careers.

I have assisted many dental professionals at various stages in their careers, starting with planning the financing of dental school, to being a new associate dentist, to buying a practice, then expanding the practice, repaying debts, building wealth, and finally enjoying retirement.

Our Los Angeles Dental CPA is a full-service financial firm that provides practice optimization, personal assistance, and tax and financial guidance for dental professionals’ needs. Our in-depth knowledge about the dental industry, combined with business expertise, helps our clients’ businesses to thrive.

Our focus on dental practices provides an unmatched depth of knowledge about the business needs of dental professionals. Our capability extends well beyond tax regulation and accounting compliance to profit improvement, wealth building, and exit planning.

Fazel Mostashari MBT, CPA/PFS, CFP, CDFA
  • Master of Business Taxation, MBT
  • Certified Public Accountant, CPA
  • Personal Financial Specialist, CPA/PFS
  • Certified Internal Auditor, CIA
  • Certified Divorce Financial Analyst, CDFA
  • Registered Investment Adviser
  • Certified Fraud Examiner, CFE
  • Enrolled Agent to Practice Before the IRS, EA
  • CERTIFIED FINANCIAL PLANNER™ (CFP®)
  • California Real Estate Broker
  • Chartered Financial Analyst, CFA Level II Candidate

The Next Steps…

We provide TWO HOURS OF FREE IN-PERSON CONSULTATION so that we may be able to understand your business needs and goals, and then customize solutions based on your best interests. 

Call us today at 818-884-2549 and speak with Fazel Mostashari, Dental CPA, to learn about how we can assist you in your dentistry business.   

 

Dental Accounting Services

Our firm offers the financial support dental practices need to thrive with a full range of specialized accounting and tax services. We provide timely and accurate dental accounting, financial reporting, bookkeeping, tax services, and benchmarking analysis. Because of our experience in the dental industry, we’ll also assist with business performance including profit improvement, growth opportunities, and practice transition services.

When you come to us for dental accounting services, we’ll design a customized package that’s tailored to the needs of your particular dental practice. No matter what services suit you best, you’ll always receive sound advice and responsive service.

Please review our list of dental accounting services below then call us at 818-884-2549.

  • Dental practice accounting

You’ll have more time for running your practice when you leave the accounting and bookkeeping to us.

  • Tax planning and preparation

Our proactive tax planning strategies will reduce tax liabilities, save you money, and increase profits.

  • Dental practice management consulting

Discover practice consulting techniques that will increase efficiency and profitability.

  • Dental practice benchmarking

Benchmarking will reveal how your practice is really doing financially and where to make adjustments.

  • Payroll processing services

Outsource your payroll processing and tax filings to save time, money, and resources.

 

DENTAL CPA FIRM IN LOS ANGELES, CA

We are an experienced dental CPA firm providing distinctive accounting and tax services for dentists in the Los Angeles area. When you reach out to us for assistance, we’ll develop a specialized package dental accounting services including cash flow management, bookkeeping, financial statements, tax planning strategies, and much more. From starting out as a new dentist, to growing your own practice, to eventual practice transition, we offer all the support dentists need at every stage of their career in the dental industry.

Working with us will be cost-effective for your dental practice because we’ll put you in the best possible tax position. As experienced tax accountants, we know how to legally leverage the tax code to dramatically reduce taxes for dental practices. We’ll keep you in compliance with all current tax regulations to avoid IRS scrutiny while paying the least amount of tax required by law. Working with us is convenient for busy dentists because we make tax planning easy so there are no hassles or surprises at tax time.

Our accounting and tax services are perfect for family dentists, oral surgeons, orthodontists, independent dental contractors, and other dental professionals. Call us now at 818-884-2549 to learn more or request a free consultation.

Dental Practice Accounting Services

Los Angeles accounting for dentists

We have the advanced set of skills and experience that come from providing specialized accounting and tax services to a wide variety of dental practices. We’re different than other CPA firms in the Los Angeles area because we understand the financial challenges common to the dental industry and how to get past them to build a thriving practice.

Our dental CPA firm provides the accounting solutions and business strategies that will keep your practice financially efficient and running smoothly. We’ll deliver handy reports that clearly illustrate the full scope or your revenues and expenditures so you can control costs. We’ll also provide profit coaching, cash flow management, and will utilize benchmarking data to compare your practice with others and pinpoint areas that need adjustments.

Contact us today at 818-884-2549 or request a free consultation online to find out how we can develop a customized package of dental practice accounting services for you. We work with family dentists, orthodontists, oral surgeons, and dental practices in all types of specialties.

Accounting services for dentists:

  • Dental practice benchmarking
  • Outsourced accounting
  • Tax planning strategies
  • Practice benchmarking
  • Dental practice management consulting
  • Cash flow maintenance
  • Forecasting and budgeting
  • Interim financial statements
  • Payroll processing
  • Help starting a new practice
  • Business loan assistance

Tax Planning and Preparation for Dentists

Los Angeles income tax preparation

Every business is subject to taxation but we have the sophisticated tax planning techniques to minimize the impact of taxes on your dental practice. As a highly experienced California Dental CPA firm, our tax accountants are well-versed in federal and state tax law. You can be confident that you will be protected from IRS harassment and that you will be in compliance with the law while taking all of the legal tax breaks available. We’ll engage every possible tax break, deduction, and incentive available to reduce your tax burden so your practice becomes more profitable and your personal income is increased.

Our tax planning methods are effective because we work year-round to manage your tax burden. We’re constantly watching for changes in the code that affect the dental industry to keep your taxes low and make sure your practice in compliance. We’ll communicate with you on a regular basis throughout the year and will make ourselves available to answer questions when a financial decision could have tax consequences. Finally, at year end, we’ll accurately prepare and file your taxes.

Your dental practice has a lot at stake at tax time and proactive tax planning is the answer to managing tax obligations successfully. To discuss how we can minimize taxes for your practice, call us today at 818-884-2549 or request a consultation online.

Tax services for dental practices:

  • Tax preparation for dental practices
  • Tax returns for dentists
  • Estimated taxes
  • Tax planning strategies
  • Assistance with IRS tax problems
  • Succession and retirement planning

Dental Practice Management Consulting

The day-to-day challenges of managing a dental practice can sometimes feel overwhelming for busy small business owners. Making sure your practice is in compliance with government regulations while trying to manage cash flow and accounting tasks can consume the energy you’d rather direct towards patient care. We can help. We offer healthcare consulting and practice management for dentists in California.

We begin by conducting a comprehensive review of your practice to identify where operational improvements can be made. Then we show you how to implement changes that will simplify accounting procedures. We carefully organize your record-keeping system, improve internal controls and eliminate unnecessary expenses. The result is that your operations will become more efficient, paving the way for new business growth. We are also equipped to- assist you with practice transition services such as mergers, acquisitions and succession planning.

Call us at 818-884-2549 today to discuss the specific needs and concerns of your practice with a trusted and experienced dental CPA firm. We offer a free initial consultation.

Practice consulting services for dentists:

  • Practice start-up consultation
  • Choosing the right type of entity for your practice
  • Strategic growth planning
  • Overhead analysis
  • Capital acquisitions
  • Tax planning strategies
  • Lease vs. buy analysis
  • Business continuation planning
  • Operational review and implementing improvements
  • Financing assistance
  • Business plans
  • Equipment acquisition planning

 

Dental Practice Benchmarking

Do you know how financially strong your dental practice really is? Make sure your practice is healthy and on track to meet financial targets with dental practice benchmarking our Dental CPA Firm We use benchmarks to compare your practice with others and highlight areas where adjustments can be made to improve business performance.

Dental practice benchmarking offers a number of benefits. Benchmarking data helps analyze overhead to see if expenses should be reduced and examines personnel costs to figure out if you need to hire additional staff. For practices with multiple dentists, this data can be used to evaluate your compensation structure and discern if it’s fair and on par with regional standards and industry trends. Benchmarking will also assist in determining what your practice is worth for transitions like strategic mergers, acquisitions, or partnerships. Once our analysis is complete, we’ll clearly outline recommendations for changes that will make your practice stronger.

To learn more about how benchmarking can open your eyes to opportunities for increased profitability and growth for your dental practice, contact us at 818-884-2549 or request a free initial consultation now.

Benchmarking services for dentists:

  • Assessment of office operations
  • Revenue enhancement and cost-control methods
  • Strategic business planning
  • Acquisition due diligence
  • Assistance with mergers

 

Payroll Services for Dentists

Are you feeling overwhelmed by the stresses of processing payroll yourself? Our Dental CPA Firm will come to your rescue with payroll processing, reporting, and tax filing services to meet the needs of your business. Our outsourced payroll solutions are scalable and work for small businesses at any stage. Whether you’re hiring your first employee or already have a full staff, we’ll make sure they’re paid correctly and on time, every time.

Using our payroll services makes sense because you’ll not only preserve time and reduce anxieties but will save money too. Processing your payroll with us lessens administrative costs and eliminates the risk of tax penalties for late payments or miscalculations on your tax filings. When we manage your payroll, you’ll breathe easier knowing that an experienced professional is on top of it while you give attention to the daily operations of your business.

Call us at 818-884-2549 or request your free consultation online now to learn how we can take over all your payroll processing and payroll tax needs. Our rates are designed to be affordable for small businesses.

Outsourced payroll processing:

  • Weekly, bi-weekly, or monthly payroll processing
  • Direct deposits
  • Federal and state payroll tax filings
  • Customized payroll reports
  • Weekly or monthly accounting summaries
  • Preparation of W-2s and W-3s
  • Preparation of 1099s
  • Worker’s compensation audits
  • Unemployment claims

 

Our Dental Accounting Clients

Our Dental CPA Firm provides dental accounting, tax services, and practice management consulting to dentists in all stages of their careers and practicing in all types of specialties. From new dentists and independent dental contractors to pediatric dentists, oral surgeons, and orthodontists with established practices, we’ll efficiently manage your finances and limit tax liabilities to increase your income.

 

Call us at 818-884-2549 or request your consultation online now to learn more.

Dental CPA Services for Family and Pediatric Dentists

Family and pediatric dentists offer a high level of personal care and compassion to their clients. To maintain your level of support you need to focus on the needs of patients, not accounting and tax planning issues, and we can assist you.

Dental CPA Services for Oral Surgeons

Our CPA firm is highly experienced in all aspects of dental accounting and truly understand how an oral surgery practice operates. You can rely on us for everything from accounting services to practice management.

Dental CPA Services for Orthodontists

We believe you shouldn’t have to choose between your patients and your practice so we offer a full range of outsourced accounting services and practice management techniques to save time for busy orthodontists.

Dental CPA Services for Independent Dental Contractors

Our dental CPA firm will lower tax obligations so you have more money in your pocket. We’ll put together a comprehensive tax planning strategy using every deduction available to reduce your tax obligations and increase wealth.

Dental CPA Services for all Doctors and Medical Professionals

In addition to dentists, our firm provides accounting and tax services to a wide variety of medical professionals including psychologists, chiropractors, optometrists, clinics, and many others.

The Next Steps…

We provide TWO HOURS OF FREE IN-PERSON CONSULTATION so that we may be able to understand your business needs and goals, and then customize solutions based on your best interests.

Call us today at 818-884-2549 and speak with Fazel Mostashari, Dental CPA, to learn about how we can assist you in your dentistry business.