We currently serve over sixty dental practices around the Southeast. Our unique understanding of the practice of dentistry, combined with decades of tax and accounting experience give us the ability to effectively communicate, consult and plan with you to ensure your practice is operating at optimum efficiency. You stress over your patients’ dental health. We stress over your financial health.

Our services to the dental profession fall into three primary categories.

Accounting & Bookkeeping – The monthly financial statement is the “report card” of your practice. In addition to telling us about the financial wellbeing of your practice, a timely financial statement is also the key to aggressive tax planning and projections. Accounting services include bank reconciliations, credit card recording and reconciliations, balancing notes to amortization schedules, and generating both a Balance Sheet and Profit and Loss Statement. We utilize the Profit and Loss to examine your collection and spending patterns to compare to other dental practices to identify problem areas or areas where there’s room for improvement.

Tax Planning, Projections & Preparations -Everyone has to pay income taxes. Not everyone has to pay the “same” amount of income taxes. No one likes surprises; especially around April 15. We practice pro-active tax planning throughout the year, before it’s too late to minimize income taxes. Once we update your tax projections, we make suggestions to help reduce that amount. Our pro-active planning approach before year-end translates to tax savings for you after year-end.

Buying or Selling a Practice - If you’re considering buying a practice, you’re typically handed a stack of tax returns, financial statements, and financial projections. With this enormous pile of paper, you’re expected to make one of the biggest financial decisions of your life. Don’t dare make that decision alone! Over the years, we’ve analyzed hundreds of transitions for our clients, and made sound, well analyzed recommendations. Our job is to tell you what you need to hear, even if it’s not what you want to hear. We give you our honest, unbiased opinion.

 

If you’re considering selling your practice, you need to consult with us long before the transaction. There are significant tax ramifications on how the sales price of your practice is allocated. Pro-active planning helps to minimize taxes so that you, rather than Uncle Sam, keep the majority of the sales proceeds.

 

One of our great values for our dental clients is our experience with and general knowledge of the business. This can be invaluable regardless of whether you are a new dental school graduate or an experience business owner planning a transition to retirement. We are well networked with other professional service providers. We can refer you, when appropriate, to other service providers to handle specific needs. We have contacts that we know and trust in lots of service areas, including -

•Website Design

•Dental Equipment and Supplies

•Practice Brokerage and Transitions

•Banking / Financing

•Legal / Attorney

•Insurance / Financial & Investment Planning

•Practice Management Consultants

•Dental Contractors

•Commercial Real Estate Agents

•Dental Marketing Companies