Retirement Planning for Dentists Key Financial Strategies

June 28, 2024

Learn how dentists can overcome retirement fears, manage dental school debt, and choose the best retirement plans like 401(k), profit-sharing, and cash balance plans to secure their future.

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A photo of yellow office supplies on a table with a paper that says Employee retention tax credit

The Latest on Employee Retention Tax Credits – And Why the IRS Hasn’t Processed (or Even Contacted You) About Your Claim

June 19, 2024

On Sept. 14, 2023, amid concerns about aggressive ERC marketing, the IRS announced a moratorium on processing new claims. A specific resumption date has not been determined but the IRS anticipates it will be sometime this summer or fall.

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A photo of the contacts app icon and title from iPhone as the cover image of a blog post titled Building Your Dream Team: Essential Advisors for a Successful Dental Practice Transition

Building Your Dream Team: Essential Advisors for a Successful Dental Practice Transition

June 13, 2024

You have worked hard, and it’s time to start planning to sell your dental practice. Whether you are thinking of selling in one year or in ten years, the right time to start planning is…now. This is an emotional time, and the process can be stressful, but surrounding yourself with the right team of trusted advisors can ease the burden and allow you to focus on what’s most important: yourself, your family, your patients, and your staff.

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Private Equity vs Private Buyer Sale: Understanding the Differences

Private Equity vs Private Buyer Sale: Understanding the Differences

June 7, 2024

When contemplating the sale of a dental practice, one of the fundamental decisions is choosing between a private equity buyer (i.e., DSOs) and a traditional private buyer. Both options come with their own sets of advantages and challenges, and understanding these differences is crucial for making an informed decision.

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A photo of hundred dollar bills close up

Current Thoughts on Investing – T-Bills, Bonds, and Bond Funds

June 4, 2024

Treasury “bills” (i.e., bonds with maturities of one year or less) are paying 5.1% – 5.3%. These are fantastic yields, particularly in tax-free retirement accounts and even after-tax brokerage accounts. Inflation continues to run too hot and the Fed is likely not lowering rates in the near future. These T-bill yields should continue to be available for the next few months.

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FTC Approves Nationwide Ban on Non-Competes

April 24, 2024

On April 23rd the Federal Trade Commission issued a final rule banning non-competition clauses in employment agreements. (See 16 CFR Part 910).

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The Pitfalls of “Working Interviews” for Dental Associates and Practice Owners

February 19, 2024

In the world of dentistry, finding the right associate to join your practice is a crucial decision that can impact the success and reputation of your business. Many practices opt to conduct “working interviews” as part of the hiring process.

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The Collapse of Cryptocurrency Exchange FTX

November 21, 2022

The Collapse of Cryptocurrency Exchange, FTX, is Further Confirmation that Investors Should Avoid Speculating in Cryptocurrencies Altogether

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2022 Electric Vehicle Tax Credit

August 11, 2022

The up-to-$7,500 tax credit for the purchase of an electric vehicle (EV) will become unavailable upon the impending enactment of the “Inflation Reduction Act.”

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