Purtzki Johansen + Associates

Dentists

We have served the dental profession for more than 35 years and know what it takes to establish and maintain a thriving practice.

Whether you are just starting your career, are established and looking for ways to increase revenue and decrease expenses, or are planning to retire, we can be of assistance.
Our business advisory services include:

  • Dental Practice Management
  • Systems & Facilities Evaluation
  • Tax & Accounting
  • Bookkeeping Services
  • Valuation of Practice
  • Practice Transition Services
  • Practice Marketing Services

We evaluate your current systems, procedures and facility management to measure efficiency and effectiveness to optimize your income. We offer industry comparison reports, so you can measure your practice’s performance against other practitioners.

For more information about practice sales and transitions, visit: Transitions-Logo
For more information about practice management services, visit: Becker Practice Management
For more information about dental practice resources,
visit:
Just for Dentists

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  • Distributing Your Estate Assets Fairly (8/6/2019) - Most of us have a cavalier attitude about preparing our last will. We seldom set aside the time such an important document deserves to address the unique circumstances of our family, practice, and financial lives. Your lawyer may, as a reward for years of loyalty, prepare a will pro bono… Continue Reading
  • Ready to Sell? Ready to Sell? Maybe Not… (8/6/2019) - One of the first steps in properly planning the sale of your practice is to secure the benefit of receiving the sales proceeds tax-free. You want to make sure that the sale of the shares qualifies for the Lifetime Capital Gains Exemption (LCGE). The LCGE for 2019 is $867,000 for… Continue Reading
  • A Simple Strategy to Boost Your Investment Returns (7/24/2019) - Most investors have a diversified portfolio consisting primarily of a mix of shares and bonds. One investor shared his strategy with the Globe and Mail’s finance columnist, Rob Carrick, the other day. It is worth repeating because it is both simple and smart. This reader proposes to use two-thirds of… Continue Reading
  • Being a Landlord – Tax Planning Tips (7/24/2019) - With the drop in prices of residential real estate and the glut of condos on the market, particularly in the Lower Mainland, a few clients have started bargain hunting for a condo to purchase and rent out. Here some tax planning tips: Use your holding company to purchase the real… Continue Reading
  • Tax planning on separation and divorce – in a nutshell (7/11/2019) - When you are going through a separation or divorce, income tax issues will likely not be top of mind. Good tax planning, however, before and during the separation can generate significant tax savings and help preserve your assets. Support payments While support payments can be determined by agreement, most provinces… Continue Reading
  • Manage Energy, not Time (7/11/2019) -   The number of hours in a day is fixed, but the quantity and quality of energy available to us is not.   This fundamental insight is the main theme in the book “The Power of Full Engagement” by Jim Loehr and Tony Schwartz. The book came out 10 years… Continue Reading
  • Four Major Obstacles to Practice Success (6/26/2019) - No matter how talented you are or how many hours you spend in your practice, you will never reach the pinnacle of practice success if you are suffering from any of these afflictions: Super Inflated Ego. Being enamoured of your own self-importance and advertising your dental “Superman” skills at every… Continue Reading
  • Taking Shareholder Loans -What You Need to Know (6/26/2019) - The item on your corporate balance sheet that you should be most concerned about is the “shareholder loan” account. This loan account tracks cash advances to the shareholder(s) during the year. At the end of the corporate fiscal year, your accountant reviews shareholder loan transactions, monies which were advanced to… Continue Reading
  • Make your phone a practice builder (6/13/2019) - Many dentists don't realize how important it is to have proper phone etiquette. I cannot believe that some offices still use an answering machine during business hours. If you have inexperienced staff members answering the phone, you will make the wrong impression and lose potential business. The first contact a… Continue Reading
  • Bringing in an associate as a co-owner (6/13/2019) - Only one out of 10 associates end up as partners. Here are five must-do steps you must take to ensure your planned transition is successful. Plan ahead. Ask yourself, why would I want to bring in somebody into my practice and under what circumstances? Would I like to expand or… Continue Reading

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