If you own a dental practice, you probably know that you’re subject to various taxes that can significantly impact your financial health. While the tax burden for dentists varies depending on factors such as location, business structure, and revenue, these professionals often face considerable tax obligations. But we’re here to bring you good news about…
It is well known that tax fraud is a serious problem that diverts resources from governments as well as honest taxpayers. It’s been happening for a while and you never know when you’re going to get one of those approaches with “secrets” to pay less taxes or sketchy schemes to hide income. These fraudulent tactics…
Picture this scenario: you’re scrolling through your inbox when suddenly, an email catches your eye. It appears to be from a trustworthy source, offering an incredible tax deal that sounds like the perfect opportunity to save and even make some extra money. However, something seems off about it – could it be too good to…
As we step into 2024, it’s essential for us to keep our clients informed about the latest tax changes that may impact their financial strategies. As a dentist, you should stay on top of any updates to tax laws that could affect your dental practice. This will help you make informed decisions and ensure that…
Leasing a space for your dental practice can be a pivotal decision that significantly impacts your bottom line. Whether you’re a seasoned dentist or just starting your practice, understanding innovative leasing strategies is crucial for maximizing returns and financial stability. As a Certified Public Accountant (CPA) specializing in advising healthcare professionals, I’ve witnessed the approaches…
In the age of smartphones and constant online connectivity, digital dental ads have emerged as powerful tools for dentists. With 77% of patients using search engines to find healthcare information, platforms like Google, Bing, or even social media offer incomparable reach. Therefore, creating an engaging and visually appealing ad campaign about your practice becomes not…
Buying or selling a dental practice is a significant decision that requires careful consideration of various financial aspects. After all, understanding the target company’s financial state will dictate your actions and help you understand if this represents a good deal or not. Whether you are a dentist looking to expand your practice or a seasoned…
In the intricate world of managing a dental practice, where precision and expertise are essential, dentists stand out as dedicated professionals committed to delivering optimal patient care. However, there’s a crucial aspect of practice management that often takes a back seat – the strategic coordination of human resources (HR). Many dentists combine the roles of…
From our latest blog posts, you learned that a thorough due diligence process is crucial in dental practice transactions to minimize risks and guarantee a prosperous result. It involves the analysis of different aspects of a dental practice before the purchase or sale occurs, covering financial, legal, and operational aspects. As a dental CPA company,…
Imagine you’re on the brink of acquiring what seems like the perfect dental practice — great location, solid financials, and a positive atmosphere. You’re ready to sign the dotted line when, out of the blue, negative reviews pop up. As you scroll through online feedback, the once-glowing reputation starts to tarnish. Patients complain about missed…
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.
