Why PracticeCFO is Moving More Clients from Schwab to Vanguard’s 401(k) PlanAt PracticeCFO, we’re always looking for ways to improve retirement benefits for our clients while ensuring compliance with complex ERISA laws. That’s why we’re transitioning more clients from Schwab’s pooled 401(k) option to Vanguard’s participant-directed plan—a move that benefits both practice owners and their employees. Why Vanguard? What This Means for Your Practice By moving […]
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Why Dental Practice Owners Should Use Rippling’s Time & Attendance ModuleAs a dental practice owner, you know that managing your team’s payroll and compliance can be a challenge—especially when your practice management software, like Dentrix or Eaglesoft, doesn’t enforce state and local labor laws. This leaves your practice vulnerable to payroll errors, compliance risks, and potential penalties. That’s where Rippling’s built-in Time & Attendance module […]
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The Future of Dental Staffing: Key Trends Shaping the IndustryThe dental industry is undergoing a significant transformation, and staffing trends are at the forefront of this shift. As practices adapt to technological advancements, changing workforce preferences, and evolving business models, staying informed about these trends is crucial for maintaining a thriving practice. At PracticeCFO, we understand the financial and operational challenges that come with […]
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Why Dentists Get Limited Benefit from the R&D Tax Credit Under the New Amortization RulesThe Research and Development (R&D) tax credit has long been a valuable incentive for businesses investing in innovation. However, recent changes to tax law have significantly reduced its benefit for most dental practices. Specifically, under the new amortization rules introduced by the Tax Cuts and Jobs Act (TCJA) of 2017 (effective in 2022), expenses eligible […]
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Avoiding the Section 179 Tax Trap: Why Timing Matters for DoctorsAt PracticeCFO, we specialize in helping doctors maximize their financial efficiency while avoiding costly tax mistakes. One of the most powerful tax-saving tools available is the Section 179 deduction, which allows for the immediate expensing of qualifying business equipment like dental chairs, imaging machines, and office technology. However, while this deduction can be incredibly beneficial, […]
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The Hidden Risks of Meme Coins: Why Dentists Should Steer ClearIn today’s digital world, the lure of easy money has led many investors—including dentists—toward highly speculative assets like meme coins. These cryptocurrencies, often inspired by internet jokes and viral trends, can experience dramatic price spikes. But before you dive in, it’s crucial to understand the significant risks involved. At PracticeCFO, our mission is to help […]
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Understanding the New 401(k) Automatic Enrollment Rules for Dental Practice OwnersRetirement planning just got a major overhaul, and dental practice owners need to take note. With the passage of the SECURE 2.0 Act, new regulations will soon require automatic enrollment in 401(k) and 403(b) plans for many businesses, including dental practices. Understanding these new rules, the penalties for non-compliance, and the available exemptions is crucial […]
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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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