For dental professionals such as oral surgeons and orthodontists, keeping up-to-date and compliant with taxes is incredibly important, particularly as the healthcare industry as a whole has some uniquely challenging tax rules and regulations. From complicated deductions and maintaining compliance when tax season comes around, to planning taxes throughout the year, engaging with an accounting […]
Should Your Dental Office Outsource Bookkeeping, Accounting, Or Both?
Most dentists who choose to open a practice of their own, do so because they enjoy helping patients better manage their teeth and oral hygiene; they certainly don’t do it out of love for bookkeeping and accounting. That’s why many dental professionals hire specialist bookkeepers and accountants to help them maintain their financial records, and […]
Why Cashflow Matters More To Dentists Than Turning A Profit
It’s impossible not to look at the numbers if you own a dental practice; it’s a business like any other, after all. But would you be surprised to learn that profit may not be the most significant financial metric for your business? While being profitable is of course advantageous and an important goal for business […]
8 Smart Strategies To Maximize Profitability For Your Dental Practice
Achieving profitability as a dental practice owner requires a combination of strategic planning, operational efficiency and financial awareness. Working closely with a service providing accounting for dentists is the most effective way to achieve sustainable profitability; their powerful strategies can boost your bottom line and drive your practice towards lasting success. But how exactly? Here […]
6 Avoidable Financial Mistakes That Could Be Holding Your Dental Practice Back
Although you’re a dentist, as the owner of a dental practice, you’re also the owner of a small business, who must juggle the responsibilities of patient care, along with running a busy practice. Having expert guidance from a specialist dental accountant can help you avoid making the kind of financial mistakes that could cripple you, […]
Understanding The Value Of Your Dental Practice
If you’re contemplating selling your dental practice, you may be struggling to understand its true value, especially if you’ve worked hard for years to establish and maintain it. But understanding the value of your dental practice isn’t just useful for those wanting to sell up and move on; it’s a sensible move for any dental […]