September 22, 2022
Should You Incorporate Your Dental Practice? Top 5 Reasons To Form A Corporation
If you’ve just begun plans to start your own dental practice, you may be wondering if you should form a corporation for your practice, such as an LLC. Is it worth it to incorporate your dental practice?
August 18, 2022
Cash Flow Considerations When Opening a Dental Practice – What To Expect
If you’re striking out on your own and starting your own dental practice, there’s a lot that goes into the process. And one of the most important things is considering your practice’s cash flow once it opens. What does that mean? Read on to find out more!
July 20, 2022
Dental Practice Overhead Costs – Everything You Need To Know
In simple terms, “overhead” simply means the costs of doing business at your dental practice. Cutting back on overhead costs can be a good way to streamline your practice, and there are also lots of tax deductions you can take to help improve your overall finances. Read on to learn more about dental practice overhead costs.
June 23, 2022
Section 179 Tax Deduction for Dental Practices
Looking to invest in some fancy new equipment for your practice, like laser dentistry tools or a CBCT scanner? Then you should definitely know about Section 179 tax deductions, and how they can be used to lower your tax bill, free up cash flow, and make it easier to invest in the cutting-edge technology your patients want.
May 13, 2022
What Is Dental Practice Accounting?
Your business is growing. And so are your books. You need a dental practice accountant like Tooth & Coin. But what is dental practice accounting, and how does it benefit dentists?
April 18, 2022
How To Value a Dental Practice
Whether you’re looking to buy or sell, knowing how to value a dental practice is important. Working with a consultant like Tooth & Coin is the best way to truly understand the value of a practice. But how are these values determined in the first place? Let’s take a look at the top 3 methods of valuing a dental practice now.
March 4, 2022
How To Avoid a Tax Audit for Your Dental Practice
Nobody wants to get audited by the IRS. While you can never guarantee that you won’t get audited, there are a few things you may be able to do to reduce your risk of raising red flags with the IRS. Here are some quick tips from the team at Tooth & Coin.
February 24, 2022
4 Ways Dentists Make Cash Flow Mistakes
One of the most common areas many dentists struggle with is managing their cash flow. But how can you fix that? Well, here are 4 common cash flow mistakes that dentists make, and what to do about them.
January 31, 2022
5 Tips for Hiring a New Associate at Your Dental Practice
If you’re feeling ready to expand your dental practice, hiring a new associate dentist is a logical choice. But hiring a new dentist is a big commitment, too. So in this blog from Tooth & Coin, we’ll look at a few top common sense tips that you should keep in mind when hiring a new associate dentist at your practice.
December 10, 2021
Tax Deductions That Many Dentists Miss – Cut Your Tax Bill With These 5 Tips
When tax season rolls around, many dentists look for ways to cut their tax bills and maximize their profits. Working with an experienced dental accountant is one of the best ways to save on your taxes. The team at Tooth & Coin can identify lots of tax deductions that dentists often miss on their own. And in this blog, we’re going to discuss a few of these.