Business Financial
The $1,500 Question Every Dental Owner Should Be Able to Answer
By Ed Gabriel, CPA, DrillDown Solution, and David Harris, Forensic CPA, CFE, MBA, Chief Executive Officer, Prosperident Most of the dentists we work with are excellent clinicians and capable business owners. Very few are trained investigators, and they should not have to be. Yet there is an uncomfortable reality that comes with owning a dental…
Read MoreHow Benchmark Data Changes the Way You Run Your Dental Practice
Running a dental practice without benchmark data is like driving without a speedometer, you may feel like you are moving in the right direction, but you have no way of knowing whether your pace is right, too slow, or headed for trouble. Benchmark data gives practice owners an objective reference point: here is what a…
Read MoreWhat a Fractional CFO Does for a Dental Practice and When You’re Ready for One
There is a version of your dental practice where financial decisions get made proactively: where you know your numbers before problems surface, where growth is planned rather than reactive, and where you have a trusted financial strategist in your corner every month. That version of your practice is not just for large group practices or…
Read MoreBuying vs. Starting a Dental Practice: What the Numbers Actually Say
Choosing between buying an existing dental practice and building one from the ground up is one of the most consequential financial decisions a dentist will ever make, and yet most dentists approach it without a clear financial framework for comparing the two paths. The variables are real, the stakes are high, and getting it wrong…
Read MoreHow to Read Your Dental Practice’s Financial Statements Like a Business Owner – Not Just a Doctor
Most dentists graduate knowing how to restore a tooth, place an implant, or manage a complex extraction — but nobody hands you a course on reading a profit and loss statement before you open your doors. That gap costs dental practice owners real money every year, not because they lack intelligence, but because financial statements…
Read MoreRetirement Planning for Dentists: The Accounts Most Practice Owners Aren’t Maxing Out
Dentistry is one of the highest-earning professions in the country, yet retirement planning remains one of the most under-optimized tax strategies for dentists. Most dental practice owners are contributing to some form of retirement account, but very few are taking full advantage of the vehicles available to them. The result is a larger tax bill…
Read MoreS-Corp vs. LLC for Dentists: Which Entity Structure Keeps More of What You Earn?
The entity structure you choose for your dental practice is one of the most financially consequential decisions you will make as a practice owner — and yet many dentists set it up once at the start of their careers and never revisit it. As your income grows, your expenses evolve, and tax law changes, the…
Read MoreWhat Does a Dental CPA Actually Do? (And Why Your General Accountant Can’t Replicate It)
Your general accountant files your taxes, keeps your books in order, and makes sure you stay compliant. That work has value — but if your accountant does not work exclusively in dentistry, there is a significant amount of financial guidance they simply cannot provide. The difference between a general CPA and a dental CPA is…
Read MoreThe 32-Point Financial Assessment: What We Look at Before We Advise a Dental Practice
Most dental practice owners come to us with the same general concern: they know their practice is busy, but they are not sure whether it is truly financially healthy. Production is up, the schedule is full, and the team is working hard — yet the numbers at the end of the month do not always…
Read MoreThinking About Selling Your Dental Practice? Start Preparing Now
Selling your dental practice may feel like something you don’t need to think about until retirement is right around the corner. But if a practice sale is even a few years away, the decisions you make today can have a significant impact on the value of your practice when it’s time to sell. Buyers aren’t…
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