How to grow a dental practice

Tips from a dental CPA

You’ve thought it over, weighed your options, and finally decided that the most economical approach to practice ownership is acquiring an existing practice. But buying a business, even one that demonstrates stability and profitability, can come with baggage. Tooth & Coin is here to help you navigate managing an acquired business with tips, resources and good old fashioned common sense.


Common problems you may face when acquiring a dental practice

Business is complicated.
Tooth & Coin isn’t.

Why partner with a dental CPA?

Your CPA will be a principal advisor on all things financially related to your business. A CPA that works exclusively with dentists understands the nuances of dentistry. They can keep up with industry trends, the latest equipment and technology, and remain well-versed in current tax regulations and deductions that apply to dental practice owners. 

The Tooth & Coin team works exclusively with dentists, and we have an intimate understanding of the ins and outs of acquiring dental practices. With a deep dive into the books, we’ll be able to pick up where the previous accountant left off and keep your business running well.

How Tooth & Coin Helps Acquisitions

Tax Preparation for Acquisitions

Accounting & Reports

Profit Advisory

A newly acquired dental practice has the benefit of profitability from day one. Tooth & Coin is here to make sure that you keep those profits for you and business instead of losing them to taxes unnecessarily. 

By diving into the tax history of the business and quickly getting up to speed on the numbers, our team can put you in the best position to thrive as a business owner. We can help you unlock savings through tax deductions that you might not have realized were available to you. With a team of dedicated CPAs that know the dental industry inside and out, you can rest easy knowing that your business taxes are in good hands.

If you really want to do dentistry differently, make practicing dentistry your focus and outsource the number crunching to us. Tooth & Coin is made up of a team of dental accounting experts. That means we understand how to read the books, how to stay on top of payroll, and how to keep a business profitable. 

Your dedicated Account Manager will keep you in the loop on your practice’s financial health, and be able to tell you when your business is growing, what you could be doing better, and how close you are to achieving your goals. Plus, we have nifty tools and software that our doctors can use to check in on the health of their practice any time they want.

You’ve achieved the goal of becoming a dental practice owner—no easy feat. But now you have the responsibility of an entire business to maintain. If you think you might need a little extra help in achieving your financial goals, Profit Advisory might be just what you’re looking for. 

Every year, we’ll have a conversation about your practice’s potential and what you hope to achieve. Then we’ll create an action plan and check in with you throughout the year to make sure you’re on track. If you’re ever off base for reaching your projected goals, we can strategize ways to correct your course. 

There’s a fine line between ambitious and achievable. Tooth & Coin can help you navigate a path to success.

Free Resources for Acquisitions

Acquiring a practice doesn’t have to be an all-consuming, stressful experience. Check out our free and helpful resources that help keep practice ownership fun!

Get a head start on practice ownership with Tooth & Coin.