Business Financial
Retirement 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…
Read MoreYour Mid-Year Financial Review: What Dental Practice Owners Should Review Before Q3
By the time July rolls around, most dental practice owners have a good sense of how the year is going. The schedule is full. Patients are coming through the door. Production may even be ahead of last year. But a busy practice doesn’t always mean a healthy business. The middle of the year is one…
Read MoreBuying a Dental Practice? Start With the Financial Foundation
Purchasing a dental practice is exciting, but it can also be overwhelming. Production reports may look impressive. The patient base appears established. The seller may have built a successful business over many years. But before you move forward, it’s important to remember one thing: A busy practice isn’t always a profitable investment. The financial foundation…
Read MoreIs Your Dental Practice Leaving Profit on the Table?
Most dental practice owners don’t intentionally leave profit behind. In fact, many are working harder than ever. The schedule is full, providers are productive, and patients continue coming through the door. Yet despite strong production, many practices aren’t generating the level of profit they should. The reason isn’t always obvious. Often, profitability is quietly impacted…
Read MoreHow Demographic Data Helps Dentists Choose the Right Location
This blog was written by Market My Market Choosing where to open or expand a dental practice is one of the biggest financial decisions a dentist will make. A good location can give a new practice room to grow for years. A poor one can limit patient volume and put pressure on cash flow long…
Read MoreYour Mid-Year Financial Check-In: What Dental Practice Owners Should Review Right Now
By the middle of the year, most dental practice owners have a general sense of how things are going. The schedule may feel busy. Production may appear strong. Staffing pressures may still be ongoing. But mid-year is where financial assumptions and actual performance often start separating. This is one of the most important times of the…
Read More