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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  • The Importance of a Good Office Lease (2/20/2019)- A lease agreement is one of your practice’s most important documents. It not only governs your relationship with the landlord while you own the practice, but can also impact the selling price of your practice. A demolition clause, for instance, can significantly reduce the selling price of your practice, or… Continue Reading
  • A Great Tax Shelter – Soon to Disappear! (2/20/2019)- Many dentists are taking advantage of a tax strategy of converting the regular dividends from their corporations into a capital gain generating huge savings. To illustrate, the capital gains tax on $200,000 of income from the corporation is about $23,100, compared to a tax of $55,200 on dividend income.  A… Continue Reading
  • Practice Expenses Tax Auditors Love to Challenge (2/5/2019)- Many practice expenses, including conferences and travel, have a personal component giving lots of opportunity for a CRA auditor to argue they are not practice-related but personal in nature. There are three tests you must meet for a disbursement to be tax deductible: The expense must be laid out to… Continue Reading
  • Investment Advice From John Bogle, the Late Founder of Vanguard (2/5/2019)- In 1975, John C. Bogle, the founder of Vanguard Investments, invented the first low cost index mutual fund which put millions of dollars into the pockets of many investors of moderate means. Bogle’s innovative idea was that index funds, consisting of broad holdings, would mimic stock index performance in the… Continue Reading
  • When Price Becomes the 900-Pound Gorilla in the Room (2/4/2019)- When you or your representative negotiates the sale of your practice, you will very likely run into heavy resistance when the topic turns to purchase price. Your asking price, supported by a valuation report, may be more than reasonable. Still, it seems price can easily turn into a gorilla sitting… Continue Reading
  • Five Must-Have Practice Monitors (1/18/2019)- To keep your fingers on the pulse of your practice here are some key practice monitors. 1.   New patient count Find out what your normal patient attrition rate is. If the practice has 2000 active patients, and you are getting about 15 new patients a month, 180 – 200 per… Continue Reading
  • Give Patients the Ritz-Carlton Treatment (1/18/2019)-   Ritz-Carlton is one of the top hotel chains with a legendary culture focusing on customer service. Its motto is: “We Are Ladies and Gentlemen Serving Ladies and Gentlemen!” The employees must treat workplace colleagues with the same dignity they incorporate with guests. The three steps of service require giving… Continue Reading
  • A Home Equity Line of Credit for a Tax-Free Retirement (1/18/2019)- Dentists are uniquely placed to reap the benefits of a Home Equity Line of Credit (HELOC). Substantial earnings, home ownership, and financial stability mean that tapping into the equity of your home to supplement your income at retirement is a great option if your investment portfolio isn’t robust enough to… Continue Reading
  • Want to boost your portfolio returns? Don’t tinker with it! (1/7/2019)- If you are in the habit of checking your investment portfolio daily, you should find yourself a new hobby. Stop tinkering and your investment portfolio will grow that much faster. This conclusion was the result of a 10-year study of mutual fund returns by Morningstar, a global investment research company.… Continue Reading
  • Why do Patients Choose Your Practice? (1/7/2019)- Why are some dental practices growing three times faster than other practices in the same community, are 50% more profitable, and yet spend less than the average on advertising and promotion? To find the answer to this question, Lee  Frederiksen, a PhD at Virginia Tech, conducted three years of research… Continue Reading

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