Why Dentists Should Hire A Dental Specialized CPA
If you own your own practice and you’re thinking about hiring a CPA, you shouldn’t just turn to any accountant. Working with a specialized dental CPA company like the team at Tooth & Coin is the best way to take control of your finances and grow your practice. Why should you work with a CPA that specializes in dentistry? Here are just a few reasons!
1. Enhanced Understanding Of Tax Laws And Regulations For Dentists
Every business is different. For example, factories qualify for different tax breaks than daycare centers. And the same is true of dental practices. And if you hire a CPA that specializes in working with dentists, they can help you understand all the tax laws, regulations, and other requirements that apply to your practice.
This means that you’ll be able to report your income and pay taxes accurately to avoid any penalties or issues with the IRS. Your dental CPA may also be able to recognize tax breaks and loopholes that you’re not already taking advantage of, which can help reduce your overall tax burden and keep money in your pocket.
2. Get Expert Input On Strategy, Billing, And Finances
A dental CPA is more than just an accountant. Your CPA will be your financial guide, and can help provide you with input on growth strategies, track patient billing, and provide financial forecasts for your company.
For example, if you think that you’d like to expand your practice but you’re not sure if you’re financially ready, a dental CPA can assess your income, the future revenue potential of a new office, and much more. This helps you set your practice on the path to future success.
3. Focus On Your Business, Not On Bookkeeping And Other Financial Tasks
If you’re not already working with a CPA or accountant, you may be in over your head when it comes to tax preparation, payroll, bookkeeping, and other basic tasks. Even if you know what you’re doing, it takes up valuable time that could otherwise be used to serve your patients.
Hiring a dental CPA means that you’ll have a CPA who understands your line of work intimately, and can take these financial tasks off of your hands. That means that you and your front office team will save quite a bit of time, and can focus on more important tasks for growing your business.
4. Enjoy Valuable Peace Of Mind As You Grow Your Business
Because they're experts in the field of dental accounting, tax preparation, and other related subjects, dental CPAs give you valuable peace of mind as you continue to expand your business. With a firm like Tooth & Coin, you’ll know that your finances are in good hands, and you can focus on improving and expanding your dental practice.
Contact Tooth & Coin – And See The Difference A Dental CPA Can Make!
At Tooth & Coin, serving dentists is our passion. Our dental CPAs are experts in their field. From tax preparation to bookkeeping, payroll, and more, we make it easy for our clients to focus on their businesses. We’re trusted by dentists throughout the nation, so give us a call at (877) 265-2121 or schedule a consultation with Jonathan VanHorn today to get started.