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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  • Year-end tax planning checklist (12/3/2018) - There are only three weeks left until Dec. 31, and there is no better time than now to compile your annual checklist of tax saving strategies, designed to reduce your income tax bill for 2018. Convert dividends to capital gains. If you took large draws from your corporation, which would Continue Reading
  • Your Dental Practice in Transition (12/3/2018) - Dentists are experiencing a period of accelerated change in their profession. Over the next five years, many dental materials now in use every day will to a large extent, disappear. And the use of digital technology will continue to expand, increasing the cost of running a dental practice. Every year, Continue Reading
  • Don’t let the CRA Grinch ruin your Christmas party (12/3/2018) - Before you uncork the Dom Perignon champagne to celebrate another successful year with your employees, you need to check the rules regarding taxable employment benefits for staff. Basically, CRA’s position is: “If you provide a free party or other social event to all employees and the cost is $150 per Continue Reading
  • Cash flow up, Stress down? Thank Pareto! (11/19/2018) - In 1906, the Italian economist Pareto astutely observed 20 per cent of the people owned 80 per cent of the country's wealth.  The principle that 20 per cent of something is always responsible for 80 per cent of results is known as the Pareto Principle, or the 80/20 rule, and Continue Reading
  • Why you should give your practice a facelift (11/19/2018) - The layout of dental clinics has not changed much over the years. The design goal has always been to meet the needs of the dentist and staff in terms functionality, efficiency and comfort. The needs of the patient are not considered much past giving them a chair to sit on. Continue Reading
  • Don’t miss out on the capital gains exemption (11/19/2018) - It is never too early to begin to prepare for the eventual sale of your practice. Begin straight away by ensuring you have the full $848,000 entitlement of capital gains exemption available to you when the time comes.  If you expect the sales price to exceed your limit, you can multiply Continue Reading
  • Why you need debt to build wealth (11/5/2018) - Even if you hate being in debt, it’s impossible to live without it. So why not accept the fact that you are likely be in debt throughout your career. There will be student loans and a home mortgage at the beginning, practice purchase loans at mid-career and perhaps bank loans Continue Reading
  • Navigating the new income splitting rules (11/5/2018) - Dentists are braced for a steep hike in personal taxes this year when they are no longer able to split income with family members the way they used to. On January 1, 2018, the “tax on split income” (TOSI) rules became effective. This severely restrict splitting and will impose the Continue Reading
  • Pay tax on only 50% of your practice income (11/5/2018) - No longer able to sprinkle company dividends amonamily members in the low tax bracket, many dentists are bracing themselves for a big hike in personal taxes on their dividend income from their corporations. There is a tax strategy that lets dentists convert the dividend into a capital gain generating significant Continue Reading

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