Purtzki, Johansen + Associates

Dentists

We have served the dental profession for more than 40 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

Newsletter

Sign up for our Newsletter

  • RRSP fees: from inside the RRSP or outside? (2/18/2020) - In a recent tax and estate planning report CIBC examined the question as to how best management fees for RRSPs should be paid. Should the fees come from inside the RRSP or be paid using outside funds? Intuitively, you might think that you would always be better off paying investment… Continue Reading
  • Harnessing the Power of Compounding (2/18/2020) - If you had to choose between a gift of $5 million today or one penny that would double in value daily for 31 days, which would you pick? If you chose the compounding penny option, you are the winner. That option would give you $10,737,418 in 31 days. That’s an… Continue Reading
  • The Perils of Buying Cash Value Life Insurance (2/4/2020) - Financial advisors are targeting high net worth individuals with a strong cash flow. The scheme is to make large deposits in a life insurance policy which creates an early cash surrender value (CSV). Then they arrange for a loan secured by the CSV. The loan proceeds are then invested. This… Continue Reading
  • How to build a dental practice your employees will enjoy (2/4/2020) - Dental practices, like most companies, operate on a set of policies and operating procedures which include mandated vacation days, fixed working hours and annual performance reviews. But what happens when the practice looks less to control and more to trust? According to Patty McCord, the iconic former chief talent officer… Continue Reading
  • Maximizing the Interest Expense Deduction (1/21/2020) - Here are some tax planning tips of making the most of your interest expense write offs. There are three tests you must meet in order to deduct the interest on borrowed money. There must be a legal obligation to pay the interest. This can become an issue with family loans… Continue Reading
  • A Portfolio With a Crazy Low Management Fee of 1/10 of 1 Per Cent (1/21/2020) - Management fees can take a big bite out of your investments. $100,000 invested for 20 years at 8% will yield $470,000. With a 2% management fee, the investment shrinks to $325,000, a drop of $145,000 or 30% of the portfolio. You are basically paying 150% of your original $100,000 investment… Continue Reading
  • 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

See All Blog Posts →

Linked In
twitter

© 2020 Purtzki, Johansen + Associates
All Rights Reserved.

Back to Top