Small Business Accounting Costs

Net Investment Income Tax (NIIT)

For many small business owners, the accountancy duties are often the bane of their existence as it requires specialty financial management skills and consumes valuable time that should be dedicated to running the business. It is the rare business owner that relishes managing the financial side of the company. Some business owners look to financial…

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HOW TO MARKET YOUR PRACTICE IN 2022

HOW TO MARKET YOUR PRACTICE IN 2022

Is your dental practice ready to market itself in 2022? Join this webinar and learn how to effectively market your dental practice in 2022. We’ll cover everything you need to know, including current marketing trends for dental professionals, platforms that work well for dentists, and more! Dean Steinman, of Ortho Marketing and expert on marketing…

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How to maximize meal tax deductions for 2021

Business Meal Tax Deduction 2021

One of the best ways to meet and get to know vendors, distributors, or prospective clients is by organizing business meals. Not only is it convenient, but also it is an effective way to build lasting business relationships. The relaxed atmosphere of a business dinner may make your guests more receptive to listening than they…

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CFO/Financial Management for Dental Practices

Every facet of your dental practice hinges on the financial health of your business. The quality of patient care is predicated on the equipment you have, the type of technological tools at your disposal, and the caliber of your team.  Your practice offers competitive wages to be able to hire top-quality dental assistants, dental hygienists,…

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8 Essential Characteristics To Find The Right Team Members

Hiring The Right Team

Recently we had a conversation with a dentist who shared his preferred hiring strategy. He finds new team members by going to restaurants and talking to people there. He finds wait staff with people skills, are attentive to their customers, has a good memory and great personality. He even offers to put them through assisting…

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5 Keys to Putting Kids and Family Members on the Payroll

Whether you are a small business owner or self-employed, hiring and paying your children or grandchildren is a great strategy for minimizing your tax liability and enjoying a series of secondary benefits. In addition to the potential tax advantages, hiring family members can provide a certain level of comfort and familiarity for the work environment.…

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Why Small Businesses Need a Fractional CFO

If you are a small business owner, your main incentive in how you operate your company is to increase your profit margin. This places a premium of importance on sound money management and competent financial practices as you also, as needed, implement fiscal austerity measures to keep your business in the black. Small business owners…

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Is the Net Investment Income Tax Still In Effect?

Net Investment Income Tax (NIIT)

What is it? The Net Investment Income Tax (NIIT) was enacted in 2013. This tax boosted IRS revenue collections by broadening its reach to unearned investment income. The official name is the “Unearned Income Medicare Contribution Tax.” That may suggest it was intended to fund Medicare however the raised funds go into the nation’s general…

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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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