Independent Contractor (1099) or Employee (W-2)?

Independent Contractor (1099) or Employee (W-2)?   The news has spread about the California Supreme Court’s ruling in Dynamex vs Superior Court (Docket No. S222732).   Dynamex established a new 3-prong test that pushes owners to classify workers as employees (W-2) rather than independent contractors (1099-MISC).  When asked how to classify dental associates and other staff, most legal and tax advisors have focused narrowly on this 3-prong test and are advising their owner-clients that all...Read More

The impact of the Dynamex Ops West, Inc v Superior Ct. case

The impact of the Dynamex Ops West, Inc v Superior Ct. case David Knittel | Director of Tax | PracticeCFO   On April 30, 2018 a very important case was decided by the CA Supreme Court.  Dynamex v Superior Ct, instituted a brand-new threshold for determining whether a worker should be considered an employee or a contractor in the state of California.  As a result, a quiet panic has ensued as attorneys and employers scramble to reclassify all of their...Read More

2018 Year-End Tax Savings Moves – now is the time!

2018 Year-End Tax Savings Moves – now is the time! David Knittel | Director of Tax | PracticeCFO   I know, I know, it’s only November and who wants to think about their taxes in November?!  After all, the 2018 tax filing deadlines are still 5 – 6 months away and you have plenty of other pressing issues right now like how to get your fantasy football team back on track, President Trump’s latest tweet, or what happened in the latest episode of your...Read More

Join PEAK Track I in Riviera Maya

Join PEAK Track I in Riviera Maya The meeting will be held at the all-inclusive Fives Azul Beach Resort in Playa del Carmen. This 5 Star resort is known for gourmet food, attention to detail and excellent family programs. Tuition for the meeting is $425. Meeting hours are Thursday, Friday and Saturday from 8:00 AM – 12:00 p.m. All reservations MUST be made through the travel agent Amy to get the benefits of our group rates and the tuition rate above. A $100 deposit must be received...Read More


INSURANCE BASICS: DENTAL PROFESSIONAL LIABILITY We all know that paying the annual premium for your malpractice policy is expensive and required, but how come?  What makes dental professional liability so important?  Dental professional liability insurance also known as malpractice insurance protects yourself as a doctor of dentistry and other licensed health care professionals from liability associated with wrongful practices.  Your malpractice policy covers the cost of any wrongful...Read More

Student Loans and Financial Planning for the Young Doctor

I recently was invited to speak to the 4th year dental students at USC. My subject was student loans and personal finance. The level of student loans these hard working, very bright students have accumulated is generally between $400,000 and $600,000. This isn’t unusual for students in other dental programs throughout the country. The questions I received from these students were: What is the difference between IBR, PAYE, and REPAY and which program should I be on? Can I just pay the minimum...Read More


LEASE NEGOTIATIONS: TWO SUBTLE THINGS THAT CAN COST (OR SAVE) YOU MONEY There are a number of business terms that landlords and tenants negotiate in a lease or renewal that on the surface seem very straightforward. Two examples of subtleties tenants should pay attention to during negotiations are concessions (e.g. free rent) and renewal options.   Rent Abatement: Even though it is currently a “landlord’s market”, property owners are generally still paying concessions such as free...Read More

A lender’s prospective: Putting yourself in the best position to acquire a practice: 

If you’ve been looking to acquire a practice, you’ve likely realized that we are still very much in a “sellers market”. This means that practice values are high & the competition with other buyers is stiff. The more proactive you are as a buyer will help ensure that you are in a position to capture the right opportunity when it comes along. As a lender that works strictly within the private practice lending space, I’ve been fortunate to be a part of hundreds of...Read More

Building an Effective Dental Online Marketing Strategy

As a dentist, you have a limited amount of time that you want to utilize to run your practice. This includes training staff, dealing with operations, finances, and marketing. The majority of your hours spent in the practice should be helping your patients. Today’s discussion is going to be focused on your marketing efforts and I hope to shed some light on your options. Working with a trusted partner can provide you with more free time to spend with your patients while also increasing your...Read More

Buy a Second Practice: How to Enrich Vendors, Get Really Stressed, and Make Less Money

Do you really like your banker, equipment supply rep, landlord, real estate broker, attorney, and accountant?  Do you like them so much you’d like to pay them even more while your fortunes decline?  Great.  Then open a second dental office. We hear about clients wanting to buy second offices or start a DSO (Dental Service Organization, e.g, Pacific Dental Services) nearly every day.  They go to a seminar, get excited, talk to friends who’ve done it, then start mapping it out.  The...Read More
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