Our Latest Expert-Driven Blog Post: How To Respond To A Team Member Asking For A Raise
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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.
Wage Woes
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 […]
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What You Need To Know About California's Retirement Mandate
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 […]
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Semi-Monthly Payroll: Why Employers Should Be Doing This
Although employees may not like change, switching to semi-monthly payroll can be a benefit to both them and you, the practice owner. First, a couple of definitions: Bi-weekly: payroll is paid every other week, i.e., every 14 days.  With 52 weeks per year, that creates 26 payroll cycles and 2 months per year in which there […]
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How To Respond To A Team Member Asking For A Raise
Have you had a team member ask for a raise? Yes we know, your favorite part of practice ownership. And it probably happens with some frequency. How do you respond? Assuming you want to retain this individual, here are some suggested steps: Acknowledge the important contributions this team member is making to the practice. Don’t allow this […]
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