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.
Inflation and rising interest rates have caused enough headwinds to inject caution into the market for buyers and sellers of dental practices. But they still remain plentiful. However, those who have considered selling may now be having second thoughts. This uncertainty is often a result of potentially choppy retirement options as the stock market continues to languish. […]
Rising prices, rising rates, falling stocks, and headlines all mentioning Recession. What does it all mean and where are we going from here? Let’s address the elephant in the room. Recession risk. A recession, by definition, is two consecutive quarters of falling GDP (a measure of total US economic activity). We’ve already posted a negative Q1 […]
Recertification: Required annual reporting of income to your student loan servicer to update your IDR payment for the upcoming year. Recalculation: Reporting your income anytime outside of your normal recertification timeline. Why would you do this? Read on! Did you know you are NOT required to recertify your income before March 2023? If you get a notice […]
Extending the previous article, if you have student loans, your servicer likely has, or will very soon, be changing! Although different, a change in servicer may feel a lot like your bank is selling your home loan. Letters arrive notifying you of the new servicer and generally require you to create a new account online. It’s […]
Last month we wrote about the “PSLF Waiver” that allowed a one-time recount of qualifying loan payments toward the 10-year forgiveness under the PSLF’s program for those with 10-years of employment with a government (including military) or nonprofit organization. In addition to the PSLF waiver, there is also an “IDR Waiver.” Refresher: “IDR” stands for […]
Every business in America is feeling the wage pinch right now, and private practices are feeling the brunt. While large corporation happily pass these wage increases onto their customers by raising prices, increasing volume, & reinvesting in more efficient processes, many practices aren’t. Let’s talk about a couple simple things every practice can do to […]
Go ahead and breathe a sigh of relief, for now. Congress isn’t showing signs of taking any further action to terminate backdoor Roth IRA conversions. That said, let’s review the basics of a Roth IRA account and why it’s worth considering: The max annual contribution you can make into any IRA, Traditional or Roth IRA, in […]
When deducting a car, regardless of leased or owned, we (your CPA) will ask you to tell us what percentage of the vehicle was business use and what percentage was for personal use. Only the business portion is deductible, which is almost never 100%. You should keep a log of dates, mileage, departure and arrival locations […]
If you have more than five employees, California requires you to have a suitable retirement savings plan (e.g. 401K) in your practice by June 30th of this year (2022.) The default state plan is called CalSavers. Action may be required whether you have an existing plan in place not. Here’s what you need to know: You are required […]
13400 Sabre Springs Parkway, Suite #255, San Diego, CA 92128
The company
Solutions
Newsletter
Subscribe to our newsletter to receive news, updates, and valuable tips.
Investment advisory services are offered through PracticeCFO Investments, an SEC-registered investment advisor.
This site is published for residents of the United States only. Investment advisor representatives of PracticeCFO Investments may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of the services referenced on this site are available in every state and through every advisor listed.
Links to third-party websites are provided for convenience only. PracticeCFO Investments does not endorse nor support the content of third-party links. PracticeCFO Investments is not responsible for the content of a third-party website. By clicking on a third-party link, you will leave this website where privacy and security policies may differ from those practiced by PracticeCFO Investments.
Client testimonials, statements, opinions, and/or likes herein was solicited and are non-representative of all PracticeCFO clients; the Client testimonials, statements, opinions, and/or likes are representative of the Client’s experience, but the performance and experience will be unique and individual to each Client. Past performance is not indicative of future results, and investors may realize losses on these investments, including a loss of principal. The Client was not provided any form of monetary or non-monetary compensation for providing a testimonial regarding our services.
Your July 2022 Brokerage Market Report 
Recession Risk: Should We Be Concerned?
The Student Loans Reporting Rundown: Recertification vs. Recalculation
The Great Student Loans Servicer Shake-Up
What You Need To Know About The IDR (Income Driven Repayment) Waiver
Wage Woes
The Rundown on Back-Door Roth Conversions
Can I Write Off My Car As a Business Expense?
What You Need To Know About California's Retirement Mandate
