Finance

Articles

If you’re thinking about selling your practice in a few years and to enjoy your retirement, you’ll want to get as much out of the sale as possible. Here’s what you need to know to make that happen.

Is your dental practice losing its value?

Virge Hoadley of BaseVac details the BaseVac Dry Vacuum System and tells you how it can save you and your practice big bucks.

How a dry vacuum system can save your practice money

Faux retirement is common for many dentists. How to know it’s really time to sell your practice, and how you can help ensure you get what it’s worth.

Are you really ready to sell your dental practice?

What you need to know for a successful 2013.

Try a New Year’s revolution for your practice

Renee Knight is a freelance writer and editor who's been covering the dental industry for 15 years. 

Remember it’s not always about money. Sure, cost is typically a factor when a patient says no to treatment, but you shouldn’t assume that’s always the reason patients don’t want to proceed, said Kathleen O’Donnell, director of consulting at Jameson Management. 

Monday's Patient Tip of the Day - Week 2

The current outlook suggests that while there is an abundance of qualified buyers available, quality dental practices on the market are lacking.  

Preparing to sell your practice or purchase one? Read this first.

I never met Dr. Thomas Hoyt, but his idea to create a publication dedicated to bringing new product information to the dentist is what made Dental Products Report possible. Dr. Hoyt passed away this week, on March 21, 2012. As the original visionary and publisher behind DPR, Dr. Hoyt utilized his experience as a dentist - he graduated from Loyola Dental School in Chicago in 1953 - to determine best practices for meeting the information needs of his peers.

Dr. Thomas Hoyt, DPR founder, passed away

Feel free to contact J. Haden Werhan, CPA/PFS, principal and owner of Thomas Wirig Doll, an accounting and wealth management firm that works with dentists. He can be reached at haden@twdadvisors.com or (877) 939-2500.

 As we get closer to the end of the year, dentists often ask about how major technology purchases will impact their taxes. Applications such as lasers, CAD/CAM restoration systems, digital and cone beam radiology are large investments, and dentists who work closely with their CPAs can strategize to maximize the tax benefits of purchasing them.  Capitalizing on Section 179

Dental technology and taxes

 As I write, Massachusetts is sending a Republican Senator to Washington, D.C. for the first time since Edward Brooke served from 1967–1979. What’s this got to do with tax-law changes? A lot! Without making any political commentary, the facts are:

Tax changes for 2010

Bruce Bryen is a certified public accountant with over 45 years of experience and is a part of Baratz & Associates CPAs. He specializes in deferred compensation, such as retirement planning design; income and estate tax planning; determination of the proper organizational business structure; asset protection and structuring loan packages for presentation to financial institutions. He is experienced in providing litigation support services to dentists with Valuation and Expert Witness testimony in matrimonial and partnership dispute cases. He is also a financial writer for several dental journals. You may contact him at 609-502-0691 or at 

 You have effectively worked to keep your costs as low as they can possibly be. Your ability to use home equity lines at cheap rates have allowed you to save substantial money when borrowing for your practice needs rather than using commercial bank rates and terms for the practice.

Money