Posts by Ed Gabriel
Strategies for Investing Profits from Dental Practices to Build Wealth
You can make a lot of money as a dental practice owner. But making money is only half the battle. You also need to invest and grow your assets to build a solid foundation of wealth. Otherwise – all your profits will get eroded by unnecessary taxes, expenses, and inflation. Thankfully, there are many ways…
Read MoreFinancial Considerations For Buying a Dental Practice
Buying a dental practice is the natural next step for many dental associates looking to advance their career. Working for someone else is part of the journey, but it’s usually not the end goal. If you want to build a thriving business, invest in your future, and have control over your time and money –…
Read MoreBusiness Valuation
Knowing the valuation of your business is essential for acquisitions, exit-planning strategies and the general health and well-being of your company. And if your business is family-owned, you might not even understand the total value of what you have created. That can lead to a decline in value later during the selling process. What is…
Read MoreTax Deductions Available When You Refinance Your Home
Refinancing your home has many advantages. You may enjoy a lower interest rate, decrease your monthly payment, or have a shorter payoff term. You also may have the ability to cash out your equity and apply that money to home improvement projects. What you may not have realized is that you could also be eligible…
Read MoreEducation Tax Credits for Higher Education
How many of us have come up against the soaring rates of college tuition as we strive to match our academic skills with a budget friendly four-year university. Whether it’s you or your child, managing to pay for higher education is an ambitious endeavor, made even more challenging due to the staggering yearly increases in…
Read More1099s for Small Business Owners – What Do They Mean and Why They’re Important?
As a small business owner, do you pay vendors or contractors? Do you pay them more than $600 a year? If the answer to both questions is yes, then you should become familiar with the 1099 tax form. What is a 1099 Form? If in the past year, your business has paid any freelancers or…
Read More7 Ways for Dental Practices to Reduce Their Tax Burden
If you’re like many other dental practice owners, you probably don’t have a huge profit margin. Most likely, you’re just getting by as you attempt to limit your equipment expenditures and contain your payroll costs, while providing exceptional oral health care for your patients. In the meantime, it seems that taxes become an ever-increasing burden…
Read MoreWhat Dentists Should Consider Before Selling to a Dental Service Organization
If you are like many other dentists, you’re probably dealing with the constant challenge to deliver excellent oral health services while also turning over a profit. You also need to adeptly oversee numerous administrative functions, as well as manage equipment purchases and promote your dental business as much as possible so you can grow your…
Read MoreTop 7 Ways to Effectively Market Your Dental Practice
Marketing is easy to overlook amidst the daily grind of patient care, managing the administrative functions, and keeping up to date with dental equipment purchases. There’s only so many hours of the day, and sometimes it seems like you’re treading water just to keep up with patient demands. But dental marketing is vital if you…
Read MoreSeven Reasons Dentists (Small Businesses) Get into Trouble with the IRS
As a small business owner, you have, what seems at times, to be endless responsibilities. Among your main priorities are growing your business, managing inventory, overseeing product development, and engaging with customers. So, you might think of doing your taxes as an annoying task that has to be done. You’d prefer to devote as little…
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