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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  • How Much Retirement Income Do You Actually Need? (1/7/2020) - In order to provide the best possible advice to clients, a financial planner needs to determine the following: What is the correct asset allocation for each client? How much income can a client safely withdraw to ensure investments do not run out during his or her lifetime? In 1994, U.S… Continue Reading
  • Practice Survey: Production is Top Concern (1/7/2020) - According to last year’s large-scale annual survey of dental practices by the Levin Group, increasing production remains the top priority of dentists surveyed. Most practitioners appear to be successfully growing their practices. In 2019, the average practice had revenues of $1.2 million which was 11.5% higher than the previous year.… Continue Reading
  • Tax Changes Becoming Effective January 1, 2020 (1/7/2020) - As part of the federal tax changes which came into effect January 1, 2020, there is an increase in the basic personal which is being phased in over four years until it reaches $15,000 in 2023. For 2020 the exemption amount increased to $13,229 from $12,069. The benefit is about… Continue Reading
  • Critical Illness Insurance – It’s Worth Another Look (12/23/2019) - You have good practice income, and you are well covered by life - and disability insurance. Any additional insurance does not seem necessary. Take a look at Critical Illness (CI) insurance. Once you learn more about it, the benefits become more obvious and you will appreciate how such a policy… Continue Reading
  • Exponential Growth: Tips for Success in a Saturated Market (12/23/2019) - Three years ago, Arnaldo Lopez left his associateship to start a brand-new practice from scratch in the most dentally saturated area of Miami-Dade county. He started with zero patients but now three years later he sees about 100 patients per month. How can he do so well in such a… Continue Reading
  • Being Charitable Costs Less Than You Think (12/10/2019) - Making a donation before December 31, 2019 not only benefits your favourite charity but also reduces your income taxes. The amount of tax savings depend on whether you make a cash donation or a gift of assets, including the securities, artwork or real estate (referred to as “gifts in kind”).… Continue Reading
  • Making Your Home Mortgage Tax Deductible (12/10/2019) - To minimize the after-tax cost of the mortgage payment, consider the following scenarios to deduct the mortgage interest for tax purposes. The sale and buy back You own personally investments worth $300,000. You sell the investment and use the proceeds of $300,000 to pay down your mortgage. Subsequently, you borrow… Continue Reading
  • Dentists Should Consider These Year-End Tax Saving Tips (11/24/2019) - As we approach the year-end, there is no better time than now to compile your checklist of tax saving strategies to reduce your income tax bill for 2019. Reduce tax on shareholder draws If you took large draws from your corporation, which would normally be reported as dividends on your… Continue Reading
  • Top 7 Financial Mistakes Dentists Make (And How to Avoid Them) (11/24/2019) - Dr. James Dahle is the author of the popular financial guide “White Coat Investor”. In one of his blogs he lists the big mistakes medical - and dental professionals make in handling their finances. Poor debt management This one begins when many dental students start working and get into the… Continue Reading
  • Why you would need a Family Trust (11/12/2019) - Here is a summary of the benefits you can enjoy by setting up a family trust. Maintain control. As the trustee, you have full control over the trust assets within the scope of the trust document. The trustee also controls the allocation of income and distribution of funds to the… Continue Reading

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