Blog

Business Valuation Part 1

Posted by on 11:25 am in Uncategorized | 0 comments

You may never know what is around the next corner. Business conditions change, personal lives change and owners change. When circumstances around your business evolve, it is often vital to complete a reliable valuation of your business.

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Do You Understand Your Practice Reports?

Posted by on 11:51 am in Blog | 0 comments

Monitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to interpret for the dental practice owner. 5. Day Sheet – Were all procedures properly charged our for the day? Where are you compared to last year’s statistics?

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Do You Understand Your Practice Reports?

Posted by on 9:17 am in Blog | 0 comments

Monitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to interpret for the dental practice owner. 4. Provider Productivity – Are you aware of just how the service mix of production is allocated amongst the doctor and the hygiene department? Are you working hard or smart?

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Do You Understand Your Practice Reports?

Posted by on 12:10 pm in Blog | 0 comments

Monitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to be interpreted for the dental practice owner. 3. Insurance Utilization Report – What is driving your collections? How are each of the insurance carriers weighted in collection percentages?

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Do You Understand Your Practice Reports?

Posted by on 10:08 am in Blog | 0 comments

Monitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to be interpreted for the dental practice owner. 2. Production Analysis – What mix of services were offered that month? Does your production report also track in-office service codes to track specialized services?

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Do You Understand Your Practice Report?

Posted by on 10:10 am in Blog | 0 comments

Monitoring key performance indicators is a vital habit towards successfully managing your practice. There are 5 reports that are often asked to be interpreted for the dental practice owner. 1. Accounts Aging-Receivables – Do you know where the practice specifically falls with industry benchmark collection ratios? How effective is your administrative team at collecting?

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How Assets Are Taxed?

Posted by on 12:25 pm in Blog | 0 comments

When facilitating a sale, gains on tangible assets are taxed at ordinary tax rates. For intangible assets, they will be taxed at a long-term capital gain rate.

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Tangible vs. Intangible Assets

Posted by on 10:32 am in Blog | 0 comments

Understanding the breakdown of Tangible and Intangible Asset Sales: Tangible Assets include equipment and supplies. Intangible Assets include patients, goodwill, non-compete, and non-solicitation

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Stock and Asset Transitions

Posted by on 9:35 am in Blog | 0 comments

There are several items to consider that will affect your tax rate differently. The first of which is stock and asset transactions and how they are taxed differently. Although most dental practices are treated as an asset sale, understanding these differences is important to consider when buying or selling a practice.

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Tax and Cashflow Update

Posted by on 11:12 am in Blog | 0 comments

As you think about the sale of your practice, you need to understand the tax and cashflow impact. Don’t forget Uncle Sam and involved parties want their portion of the proceeds as well!

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