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How Much Money Does It Take To Start A Dental Practice?

Adam Tenaschuk July 4, 2022

Whether you are just leaving dental school or have worked in an existing practice for years, you are considering starting a practice. Starting a dental practice can be extremely rewarding, but it can be costly. To help you decide whether opening your own dental office is right for you, we share the costs you will need to get it up and running over the course of a year. This is especially helpful for dentists creating business plans for loan applications! The Start-Up Expenses Of Dental Practices Dental Equipment Before getting

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Why Use Dental Accounting Software

Adam Tenaschuk June 10, 2022

Before the computer, administrative professionals did all administrative and financial tasks in dental offices. Staff filled outpatient charts by hand, managed patient schedules in appointment logs and calendars, and processed payments through cheques and money orders. While the old way of managing a dental office was effective, it was also time-consuming; completing basic procedures took much longer and more work to complete. Flash forward to the present day, dental practices can use computers and dental software, also known as dental practice management software, to help manage their practices efficiently and

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How To Get New Patients For Your Dental Practice

Adam Tenaschuk May 12, 2022

The success of every dental practice rests on its patient base. You need patients coming in the door to sell your services because, without new dental patients, you do not have any teeth to care for! Dentists need to attract prospective patients to increase their client numbers and production to earn more money. But how do you get more patients to visit your dental office, month after month, year after year? This blog post will explain how you can attract new patients to your dental practice. We will present several

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The New 2022 Federal Budget Highlights: The Good & Bad News

Adam Tenaschuk April 27, 2022

The federal government is looking to start a new national dental care program that would provide families with a household income of less than $90,000 with dental care assistance. There will be no co-payment requirements for those with a household income of less than $70,000. The program is intended to start this year (2022) for children under the age of 12 as the first eligible group. Unfortunately, few details were actually provided about this new program, leaving many families with unanswered questions. Not only that, but these unanswered questions are

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How To Start Business Planning: Dental Practice Edition

Adam Tenaschuk March 15, 2022

Do you have a business idea? Maybe you want to start a new business offering general dentistry treatments. Or, you want to offer a wide range of dental products or services like lab-formulated crowns or actual crown placement. Whatever your idea may be, you are ready to start planning. Every successful business starts with thorough planning. A business plan will outline the key elements and business structure of your dental practice, so you can secure investors and help your business grow. Not sure what is in a business plan? Not

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The Top Ten Reasons Why It’s Time To Make Your Office Paperless

Adam Tenaschuk March 1, 2022

If you have been considering converting your office to paperless charts, this is a great time to take the leap. Technology has advanced rapidly in recent years with cloud-based backup systems and massive amounts of storage capabilities, alleviating the concern of what might happen if the system goes down. Trusting that the technology won’t lose any information is no longer a concern. There are many other advantages to converting your office to a chartless environment, and here are the top ten: 1. Secure your records against the event of fire,

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Dental accountant with a binder of tax-saving tips on desk

Tax Saving Tips For Dentists

Adam Tenaschuk February 24, 2022

Every dentist wants to save money this tax season. Thankfully, there are many ways that dentists can reduce their tax liability and save more of their hard earned money. In this blog, we share several tax tips that can help you increase your overall tax savings. 1. Claim Your Tax Deductions Tax deductions are great ways to save on your taxes without cutting your business expenses. Dentists can give their employees one non-cash gift each, valuing up to $500 per year. Non-cash gifts are any gifts that do not have

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How To Prepare Your Dental Office For Sale In 2022

Adam Tenaschuk February 23, 2022

You’ve been the owner of a successful dental practice for a number of years now, and you’re feeling satisfied. You’ve hired lots of amazing employees, increased your profits and kept your patients happy, but now you’re thinking about retiring. You’ve come to the conclusion that it might be best to sell your dental practice and that’s okay! You deserve it. As the owner of a profitable dental practice, you have a lot of industry knowledge, but when it comes to selling it, do you even know where to start? This

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Reviews and Raises

Dental Tax February 20, 2022

Keeping top-performing team members on staff is essential—especially in today’s job market The landscape of the dental workforce has changed drastically over the past two years. The shortage of qualified personnel in dentistry results in many employees jumping from office to office and demanding higher salaries. Dentists are being backed into a corner and, in some cases, feel forced to pay outrageous salaries just to attract and retain staff. However, paying higher salaries doesn’t guarantee that the quality of work is commensurate with the pay. Many dentists are hiring out

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How To Start Opening A Dental Practice In Canada

Dental Tax February 16, 2022

Starting a private dental practice in Canada can be extremely rewarding for dentists and dental hygienists. Not only does it provide them with the opportunity to make their own income, but also with the opportunity to be their own boss. Despite the many benefits of opening a private dental practice, it does not come without its challenges. It can take a great deal of time, effort and patience to open and manage a dental hygiene practice independently. In order to make this process easier, we have created a simplified plan

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We’re a team of accountants & advisors who come from a family of dentists and doctors, so we know first hand the struggles you face as a healthcare professional.

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