Leveraging Multisided Platforms for Buying and Selling Dental PracticesIn the unique world of dental practice ownership, buying or selling a dental practice can be a significant milestone in a dentist's career. Whether you are a seasoned practitioner looking to expand your practice or a dentist contemplating retirement, the process of buying or selling a dental practice can be complex and daunting. However, with […]
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PracticeCFO Feature! Full Arch Advantage PodcastWe're excited to share that our senior CFO advisor Drew Phillips was recently on the Full Arch Advantage Podcast! Tune in below as he chats with host Gary on what he’s learned helping full-arch practices grow, the difference between a sales model and a recurring revenue model in dental, and why you need to know […]
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Team Thrive Takes on Boston!What a blast we had at the Yankee Dental Conference! Your friends at Team Thrive packed up and brought PracticeCFO over to the east coast, where we got to share with the community just how exactly we help dentists thrive financially. In addition to exhibiting, Wes also presented two great courses on dental financial education. The first was The Dental Practice Purchase: […]
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Starting 2024 Strong with a Dental CFOWelcome to 2024! In the world of dental finance, this time of year is an important mile marker. And as a dentist, now more than ever is it a good time to step back and make sure that your CPA is taking proactive measures to start you off strong. How is this done? By staying ahead of the curve […]
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What To Know About The Clean Vehicle CreditBig changes have been made to the electric vehicle tax credit - now simply known as the "Clean Vehicle Credit." Read on for a 1) brief review of the credit in 2023, 2) the various criteria needed to be eligible for it, and 3) new updates that can be implemented for 2024. 2023 Rundown: Effective January 01, 2023, the credit was subject […]
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An Embezzlement Protection Guide for DentistsDental embezzlement within private practice dental offices is staggeringly high. But a basic understanding of the embezzler profile, symptoms, causes, methods, and safeguards can significantly lower the likelihood of it happening in your office. This guide can help you better protect your practice against this problem. Please note, while this guide is meant to be informative, […]
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Beware of Dental Impersonation Scams: A Dentist's Tale of DeceitIn today's interconnected world, scams and online frauds have become increasingly sophisticated and prevalent. The dental industry is no exception to this deceit. We share the story of a dentist we personally know here at PracticeCFO, who ended up being the target of this very crime. Read on to hear their experience and learn valuable insights on […]
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Fighting the Fraud: Breaking Down the ERC MoratoriumEffective 9.14.23, the IRS has announced an immediate halt to the processing of new ERC filings. This moratorium has been put in place to help the IRS better target fraudulent ERC filings, which have risen to alarming rates since the program's inception. With a stronger focus on compliance, this moratorium is intended to 1) track down […]
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Items to Consider When Entertaining a DSO SaleMany dentists are receiving proposals from DSOs to purchase their practice. These proposals are more complicated than a traditional practice sale. On surface, they generally look very appealing. However, there are various factors to consider when determining if the proposal is, in reality, a good one (or not). These factors include: At this year's annual Dykema Conference, DSO […]
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