How to manage your dental practice
Tips from a dental CPA
You started or bought your practice years ago. You’ve likely rebranded, refreshed, and redesigned your practice once or twice. You may be comfortable where things are right now, or you might be gearing up to retire. Wherever you are in life and in business, Tooth & Coin is ready with a team of dedicated CPAs and Accounting professionals to help you achieve your financial goals.
You’ve come this far. See if the team at Tooth & Coin can take you a little further.
Common problems of an established dental practice
You may have an established practice, but those loans might still be haunting you. Tooth & Coin can help you figure out a manageable budget that gets you out of debt and on to bigger and better adventures.
Hiring & Firing
Even a seasoned business owner has to deal with a bad hire every once in a while. But the team at Tooth & Coin can provide the hard numbers to make tough decisions easier. Plus, we can create bonus structures to reward outstanding members of your team, too.
With Dental Service Organizations popping up on every corner, slashing prices, and armed with endless resources, establishing a clear business plan and cohesive messaging will keep you ahead of all the other guys.
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 has as much expertise in the accounting world as you do in the dental industry. Trust them to be the firm that helps your take your practice to the next level.
How Tooth & Coin Helps Established Practices
Accounting & Reports
Like clockwork, tax season rolls around every year. You’re no stranger to the typical business deductions your dental practice is entitled to receive. But what if an accounting firm could unlock more? What if you worked with CPAs who specialize in the dental industry and spend their careers learning how to be better accountants for doctors just like you?
From tax consulting, planning and preparation to accurately estimating taxes, Tooth & Coin can help established dental practice owners reach their financial and business goals. Plus, with audit protection, you won’t have to worry about giving a new team a shot.
You got into this business to practice dentistry. So why spend time trying to be an accountant? Get your books in order, get your accounting handled, and get your time back with Tooth & Coin Accounting services.
We handle bookkeeping and payroll so we can accurately measure your profits. And with real-time software updates, you can see exactly where your practice stands at any time. Your dedicated Account Manager can break down reports and answer questions, and you’ll gain clarity on whether you’re spending your money well or if you should tighten your purse strings.
At Tooth & Coin, our goal is to help you reach yours. That’s why our accountants are dedicated to answering these key questions about your business:
- How profitable are you?
- How well did you spend your money?
- How much cash did you profit?
- Where did your money go?
So if you’re interested in some answers, get in touch.
Over the years, you’ve likely had ups and downs with your dental practice. Maybe you’ve learned to navigate tough times, or maybe you’ve just been lucky. Either way, having an experienced advisor by your side can bring you peace of mind. But having a dental-specific CPA who specializes in profit advisory, and holds you accountable to the goals you’ve set for yourself, will bring you greater financial freedom than you ever thought possible.
Tooth & Coin is that dental-specific CPA firm, and when you sign up for Profit Advisory services, your dedicated team of accountants will help you create a plan to achieve your goals.
- Are you interested in creating budgets for your practice? We can help you figure out what’s a priority, what’s an investment, and what’s just not worth it.
- Do you need creative ways to motivate your team? We can create bonus structures and establish 401k plans.
- Do you just want a clearer picture of what’s happening in your industry? The team at Tooth & Coin sends a monthly newsletter with tips and insights to help you stay ahead of the curve.
Whether you’re preparing to make your exit or you’re building the business into something greater, we’ll help keep you on track to achieve your next big goal.
Free Resources for Established Practices
A successful business owner knows when to take good advice. Check out these free resources to help run your business better.