Business
Selling a Dental Practice: How to Prepare Your Dental Practice for Sale
Introduction As a dental practice owner, there comes a time when you may be contemplating the next step in your professional journey. Whether it’s retirement, a career change, or a desire to pursue other ventures, the decision to sell your dental practice is a significant one. When selling a dental practice, it is important…
Read MoreThe Role of Financial Planning in Retirement for Dental Practice Owners
Introduction Retirement is an important phase of life that requires careful financial planning and preparation. As a dental practice owner, it’s essential to understand the unique challenges you may face when it comes to retirement planning. It’s important to consider saving and investing, real estate ownership, dental practice transitions, succession planning, and business valuations to…
Read MoreMitigating Tax Risks For Dental Practice Owners
Tax mitigation is essential as a dental practice owner. With increased funding to the IRS, your chances of being audited are increasing, especially if you have $400,000 or more in total annual income. At the same time, taxes are also going up. Starting in 2022, research and development (R&D) expenses previously allowed as deductible items…
Read MoreThe Benefits of Outsourcing Accounting and Bookkeeping for Your Dental Practice
There are many benefits to outsourcing your accounting, bookkeeping, or payroll to a team of CPAs that specialize in dental practices. By outsourcing your accounting and bookkeeping to a team of expert Dental CPAs, you have more time to grow your business. It also saves you money and reduces stress, while providing you with accurate…
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…
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