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Holiday Gift-Giving & The Tax Implications
With the winter holidays around the corner and the New Year fast approaching, you might be considering giving gifts to your staff as a token of your appreciation for their...
The Great Staffing Shortage
It’s no secret that over the course of the past couple of years, dentists across the country have been dealing with a staffing crisis. Whether it’s due to high turnover...
Why Accounting Advisory Is Essential For Your Clinic’s Pathway to Success
Running a clinic is tough. On one hand you have to balance patient care, and on the other hand, you have administrative tasks and staff management demanding your time as...
The Art of Specificity
Specificity is an art form. The ability to consistently be direct, open and specific about what you do, say or want will directly influence your inevitable success and growth. You...
Calculating Opportunity Cost for Your Clinic
In our latest video, our founder Mohamed, CPA, walks us through Opportunity Cost and how it applies for your clinic. Opportunity cost is the forgone benefit that would have been...
Production vs Collection
Production vs Collection - How They Are Booked On Financial Reports. One of our frequently asked questions is about where production and collections show up on the income statement. This...
Managing the Financials of Multi-location Clinics
Nowadays, there is a rising trend towards expanding beyond a solo practice into owning multi-location dental clinics. As a practice grows into multi-office locations, so too does the importance—and hurdles—of...
The Ultimate Checklist for Switching Your Payroll Provider
Change can be stressful, especially for clinic owners. You’re already managing so much, and when it feels like you are constantly short on time, any kind of change can feel...
How to Avoid Burnout for Clinic Owners
We need to ask a tricky question. Are you the main reason why your clinic is doing well? If yes, then there’s something wrong. If you are working hard, then...
Standardizing Reporting for Your Dental Practice
As a clinic owner, you want to know that your reports are organized correctly so you can appropriately compare your financials according to industry benchmarks.