7 Dental Practice Management Tips for Profitable Dentists

Being a great dentist may make your patients happy, but it isn’t nearly enough to run a successful dental practice. It may be hard to hear, after all, dentists invest a lot of time and money into becoming a great dentist. However, in today’s competitive marketplace, you need to possess business savvy and have dental…

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7 Ways to Improve your Dental Practice Profits

There are nearly 200,000 dentists operating in the U.S. and the American Dental Association predicts this number will grow in the years ahead. It is safe to say that each one of these dentists wants to do everything possible to limit expenses and grow revenue. In order to run a successful dental practice, it is…

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Bookkeeping for Cash Flow for Dental Practices

What is Cash Flow In essence, cash flow is the difference between the money generated by a business – cash inflow – and the cost to operate the business – cash outflow. As it pertains to a small business loan, for example, banks often take it a step further by incorporating personal obligations as part…

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Bookkeeping 101 for Dental Practices

As a competent dentist, you can fill a cavity with flair and perform root canal with aplomb. But when it comes to immersing yourself in the labyrinth of bookkeeping activities, your confidence level could take a plunge. Afterall, bookkeeping is a specialized field requiring financial acumen and expertise in organizing and preparing financial records so…

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Choosing Between A Study Club And A Dental Consultant

Study Club vs Consultant

Dentists are always looking for new ways to expand their knowledge because dentistry is ever-changing. Whether it’s through study clubs or dental consultants, there are many routes a dentist can take in order to keep up with the latest developments in dentistry. But what is the best option and how do you know which one…

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5 Ways a Dental Consultant Can Help Grow Your Practice

As your dental practices grow, dentists and office managers require insight and information to make the most effective decisions.  With so many responsibilities including patient care, operational management, marketing, and bookkeeping, it isn’t unusual for dentists and office managers to feel overwhelmed as they struggle just to keep up with the daily operation of their…

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Why Tax Planning is So Important for Dental Businesses

Tax planning is critical for dental businesses wanting to mitigate their liabilities and risks. It is especially the case when you consider nearly all business transactions are taxed. As you go about tax planning, it is imperative to know and be current with all tax law changes in effect and understand how they could impact…

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Oops, I Missed my Estimated Tax Payment!

oops, missed estimated tax deadline

Date Extension The IRS extended the filing deadline to May 17, 2021, but did not extend the April 15 deadline for 2021 first quarter estimated tax payments, which has caused some confusion. Your accountant told you to make an estimated tax payment toward this year’s taxes, but you missed making the payment on April 15th. …

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