Articles

Dental Practice Valuation: What Impacts Your Practice Worth

You’ve spent fifteen years building your practice. Late nights, weekend emergencies, countless hours perfecting your clinical skills. Now you’re thinking about what comes next – maybe retirement, bringing in a partner, or just understanding what you’ve actually built. Here’s what we see happen all the time: dentists walk into valuation meetings with completely wrong expectations. Last month, we had a client who was certain his $900,000 revenue practice was worth at least $700,000. The appraisal came back at $480,000. He was devastated. On the flip side, we’ve seen practices that

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Smart Tax Strategies That Put More Money in Associate Dentists’ Pockets

Are you watching too much of your hard-earned income disappear to taxes each year? As an associate dentist in Canada, you’re likely paying close to 50% of your income in personal taxes – but it doesn’t have to stay that way. After working with hundreds of dental professionals, we’re still amazed by how many associate dentists miss out on legitimate tax-saving opportunities. Most think tax planning is only for practice owners, but associates actually have some incredible options available – if you know where to look. Today we want to

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Data Analytics in Dental Practice Accounting: Enhancing Financial Insights

Data is often painted as a solve-all window of insight – a simple yet prolific thing every modern business owner has at their disposal. But actually benefiting from it isn’t given. Tangible takeaways require intentional and thorough review. That’s especially true when it comes to data analytics in dental practice accounting. This unique industry presents distinct challenges that require specialized approaches to everything from interpretation to strategic planning. Today, we’re sharing a bit of both. What Makes Data Analytics in Dental Practice Accounting Different Unlike traditional retail or service businesses,

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Retirement Planning Checklist - Dental Tax

Retirement Planning for Dental Practices: Strategies and Options

Retirement might be a long way off for you or your team. But that doesn’t mean it shouldn’t be a priority. Proper planning now serves the immediate interests of attracting and retaining great staff. When you prove you care about their long-term financial prosperity, they’re more invested in more ways than one. Today, we’re exploring the topic of retirement planning for dental practices – what it involves, how it’s unique, and which strategies and options make the most sense for this specific industry. Retirement Planning for Regular Businesses Retirement benefits

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Modern Dental Office with Patient Chair – Dental Tax

Payroll and Employee Benefits for Dental Practices

There’s no contesting the fact that dentistry is a career of passion. Ask almost any doctor or hygienist, and they’ll tell you they do what they do because they love it, not for money. Yet at the end of the day, everyone has bills to pay. Timely remuneration and reliable employment benefits remain essential to job satisfaction. In this article, we delve into the fundamentals of payroll and employee benefits for dental practices so you can set up a strong, compliant system that keeps staff happy. Payroll and Employee Benefits

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