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Latest news & blog posts

PracticeCFO is committed to providing customized financial advice to dental practices and their owners. Below are our recent posts designed to keep you in-the-know.
Start Planning! The IRS's Latest Increases To Your Retirement Savings
With the new year around the corner, the IRS has issued new maximums for retirement plans and other tax-advantaged contributions, like HSAs. The new maximums are a significant jump in your ability to save for retirement and reduce taxes.  Your CFO Advisor will help you make the most of these in the upcoming year.
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Your PracticeCFO Tour: Check Out Our Demo Video!
Welcome to your tour of PracticeCFO! We're thrilled to premiere our new client services demo, led by our very own CEO & founder, Wes Read. This video provides a thorough glimpse into what it means to be a client of ours. Why does our service model work? How do we effectively accelerate the path to financial independence? And how exactly […]
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Why Your Accountant Is Your Worst Enemy
No, we're certainly not talking about our accounting team here at PracticeCFO. So what exactly do we mean by the title? Say you're not a client of PracticeCFO, and instead you are a dentist looking to be financially independent. However you are relying solely on your accountant/ CPA to help you with this. You don't have somebody who is uniquely qualified […]
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New Podcast! Why Are You In Life, Featuring Chuck Blakeman
We're thrilled to introduce Chuck Blakeman to our latest episode of The Dental Board Room! Chuck is a best-selling author, entrepreneur, TED speaker, and founder of the Crankset group. Listen in as we talk about defining the relationship between our roots and our fruits, the importance of proper motive when running our business, the relationship […]
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Cybersecurity: How To Keep My Patient Records Safe
The American Dental Association is advising dentists and their staffs to be on the alert for possible internet security risks. As a business owner during the most robust technological era in history, the importance of utilizing best practices around cybersecurity protocol is at an all-time high. It is estimated that 45 million people were affected […]
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Setting Up PTO Tracking On MyPay Solutions
If you are a PracticeCFO client, that means your payroll is managed by us through myPay Solutions. Did you know that you're able to set up PTO tracking through their system as well? Our amazing MPS Specialist, Ginger Monroe, has contributed the rundown below to help walk you through the process.  Setting Up PTO Tracking On […]
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Student Loan Forgiveness: What's Next?
Student loan forgiveness has been halted by the courts. On October 21st, a federal appeals court temporarily blocked President Biden’s student debt relief program from moving forward while the court considers a bid for an injunction by six Republican-led states that want the program nixed. While it is unknown when the court will decide the case, it has […]
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Strategies on Selling with Existing PPP and EIDL Loans
Have you thought about selling your dental practice but are worried about how a PPP or EIDL loan might affect the sale? It’s OK!  You’re not alone! Many practice owners have been able to sell their practices even when the practice is encumbered with these loans.  While your CFO and the escrow agent will help you […]
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A Welcome Relief (But Not For All): Student Loan Forgiveness
After years of public debate and swirling rumors about the size and scope of student loan forgiveness, the specifics of President Biden’s plan have finally been revealed.  This is welcome news for millions of borrowers, however there are important caveats to this unprecedented executive order. Forgiveness Qualification:There are roughly 45 million federal student loan borrowers in […]
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