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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.
PracticeCFO Feature! Full Arch Advantage Podcast
We'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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Starting 2024 Strong with a Dental CFO
Welcome 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 Credit
Big 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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New Podcast! The Evolution of Deal Structures in the DSO Space
We’ve seen a consistent trend toward consolidation in the dental space for the last 15 years. But coming out of the pandemic, the DSO marketplace is changing. And if you’re thinking about selling your practice to a Dental Service Organization, it’s useful to understand the different deal structures available to you. So, how are DSO […]
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New Pass-Through Entity (PTE) Payment Programs Aim To Address SALT Limitations
The Tax Cuts and Jobs Act (TCJA) of 2017 imposed a $10,000 limitation on the amount of state and local taxes (SALT) that taxpayers can deduct on their federal income taxes for the tax years 2018 - 2025. This has had a significant impact on taxpayers in states with high SALT burdens, such as California, […]
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Employee Retention Credit (ERC) Update: A Tangled Web
If you have filed for the Employee Retention Credit (ERC), you likely have also had some IRS notices darken your doorstep.  These notices paint a concerning picture that your ERC amendment forms (941x) are on hold until further action is taken.  Despite this bleak notice, we'd like to reassure everyone who filed with us that your ERC […]
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PCFO Podcast Feature! How to Determine Your “Break-Even” as a Dental Practice Owner, with Chuck Blakeman & Wes
It was an honor to once again be featured on Chuck Blakeman's Get Off The Treadmill Podcast! Tune in as Wes and Chuck navigate the world of breaking even in a dental practice. Lots of important accounting content in this episode that practice owners should be aware of. Listen here! To check out Wes's other […]
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Retirement Ready: What You Need To Know About The Secure Act 2.0
The Secure Act 2.0 was signed into law in late December 2022 and builds upon the earlier "Setting Every Community Up for Retirement Enhancement" (SECURE) Act of 2019. This legislation enacts dozens of retirement-related provisions for employees and employers alike.  The Secure Act 2.0 empowers individuals to save for retirement, improves the rules surrounding retirement, and […]
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Why You'll Regret Last-Minute Tax Planning
With a month or two left in the year, it hits us. That dreadful tax season is nearly here. We immediately contact our CPA to find out what last-minute tax strategies and loopholes are available this year. The truth is, your CPA knows that there aren't many viable options left at this point. While certain timing-related tax strategies can be implemented late […]
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The SVB Collapse: Secure With Schwab
As you’ve probably heard, Silicon Valley Bank went into receivership with the FDIC on March 10, 2023. Effectively, the bank failed as it could not meet customer withdrawal demands. That following Sunday, a second institution, Signature Bank went under as well. These events have caused some panic as investors fear a widespread “contagion” event followed by […]
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