FAQs
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Dental CPA & Services
What does a Dental CPA do?
A dental CPA helps you understand your numbers, reduce tax burden, increase profitability and improve overall financial performance. At DrillDown, we combine bookkeeping, tax preparation, proactive tax planning, business advice and financial insights so you can make better decisions with confidence. We advise dentists who are buying or selling a dental practice and assist with personal financial planning and estate planning.
Do I need a dental-specific CPA?
Yes. Dental practices operate differently than most businesses. We focus specifically on the dental industry, which allows us to provide more relevant guidance around production, collections, overhead, profitability and transitions when buying or selling a dental practice.
How much does a dental CPA cost?
Costs vary depending on the size of your practice, entity structure and the level of support you need. Our goal is to provide value that goes beyond compliance by helping you improve financial clarity and long-term results. A good dental CPA should provide a healthy return on your investment in their services.
What makes DrillDown different from other accounting firms?
We focus on helping you understand and use your numbers, not just report them. Our approach is proactive and centered on improving profitability, not just preparing taxes. Our clients rely on us as a trusted advisor.
Bookkeeping
What is dental bookkeeping?
Dental bookkeeping is how your financial activity is tracked and organized. We ensure your records are accurate and up to date, so you always have a clear view of how your practice is performing.
Why is bookkeeping important for my dental practice?
Without accurate bookkeeping, it is difficult to make informed business and tax decisions. We provide clear, consistent reporting so you can understand profitability, control costs, and plan ahead. Reliable numbers are important for tracking Key Performance Indicators (KPI’s).
What’s included in your bookkeeping services?
We handle transaction categorization, reconciliations, and monthly financial reporting. More importantly, we help you understand what those numbers mean and how to act on them.
How is your bookkeeping different from a typical service?
We go beyond basic data entry. Our work is structured around helping you understand performance, identify trends, and make better financial decisions. We have top-notch responsive bookkeepers.
How often will I receive financial reports?
We provide monthly reporting and ongoing support so you are never guessing where your practice stands.
Revenue Cycle Management
What is dental revenue cycle management?
Revenue cycle management is how your practice bills and collects revenue from patient care. It includes billing, insurance claims, and collections. We help you identify gaps so you are not leaving money uncollected.
Why does revenue cycle management matter for my practice?
If revenue is not collected efficiently, it directly impacts your cash flow and profitability. We help you understand where breakdowns occur and how to improve them.
Can you help improve my collections?
Yes. By reviewing your financial data and processes, we help identify missed opportunities, inefficiencies, and areas where collections can be improved.
Blog
What kind of content does DrillDown publish on the blog?
We share insights focused on financial clarity, tax planning, profitability, and business strategy. Our goal is to provide practical information you can use to make better decisions.
Who is the blog written for?
Our content is written for dental practice owners and small business owners who want to better understand their financials and improve performance.
How often is new content published?
We regularly publish new content to keep you informed on relevant topics, trends, and strategies that impact your business.
Do you cover tax and financial topics specific to dentists?
Yes. Much of our content is tailored to dental practices, while also offering insights that apply to small business owners more broadly.
How can I stay updated on new blog posts?
You can check back regularly or follow us on social media, where we share new content and highlights. Search for DrillDown Solution on LinkedIn, Facebook, and Instagram.
Tax Planning
What can I write off as a dentist?
All ordinary and necessary expenses of running your business. You may be able to deduct expenses such as continuing education, supplies, equipment, and other business-related costs. We work with you throughout the year to ensure deductions are identified and used effectively.
How do you approach tax planning?
We take a proactive approach by reviewing your financials throughout the year, identifying opportunities, and helping you make decisions before the tax year ends, well before the deadline.
When should I start tax planning?
The earlier, the better. Ongoing planning allows us to make adjustments throughout the year rather than reacting at tax time.
Can you help reduce my tax burden?
Yes. While taxes cannot be eliminated, we focus on strategies that improve efficiency and help you keep more of what you earn. We are familiar with a variety of advanced tax strategies that can have a significant impact on your long-term wealth.
Profitability & Growth
How can I improve profitability in my practice?
It starts with accurate, timely financials and understanding your numbers. We help you track key performance indicators, evaluate overhead, and identify opportunities to improve performance.
Why does my practice feel busy but not profitable?
This usually comes down to overhead, inefficiencies, or gaps between production and collections. We help you pinpoint the issue and create a plan to improve results.
What numbers should I be paying attention to?
Key metrics include production, collections, overhead, and patient value. We break these down in a way that is clear and actionable.
Webinars
What is DrillDown Dialogue?
DrillDown Dialogue is our monthly webinar series where we host conversations with industry professionals focused on helping dentists and small business owners improve performance, think strategically, and grow with confidence.
Who are these webinars for?
These sessions are designed for dental practice owners and small business owners who want practical insight they can apply directly to their business.
What topics are covered in the webinars?
We cover topics related to financial performance, practice growth, profitability, leadership, and industry trends. Each session is focused on real-world strategies and insights you can put into action.
Where can I watch past webinar episodes?
You can view past episodes directly on this page, as well as on our YouTube channel. We also share shorter clips across our social media platforms.
How often are new webinars released?
We release new episodes on a monthly basis as part of the DrillDown Dialogue series.
How can I stay updated on upcoming webinars?
You can check this page regularly or follow us on social media to stay informed about upcoming sessions and new releases.
Getting Started
What is it like to work with DrillDown?
We start by understanding your current situation and cleaning up your financial data if needed. From there, we provide consistent reporting and ongoing guidance to help you move forward with clarity.
Do you only work with dentists?
No. While we specialize in dental practices, we also work with small business owners who want accurate financials and better visibility into their performance.
How do I get started?
The first step is having a conversation! Fill out the free consultation form on our website to schedule a call. We will learn about your practice and goals, then outline how we can support you.