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

  • year-end tax planning Make year-end tax planning your number No. 1 priority (11/23/2020) - Here are some year-end tax planning ideas of how you can reduce your income tax bill for 2020. 1. Strip money from Inc. at capital gains tax rates Ponder for a moment the B.C. personal tax rates for 2020 when your income exceeds $220,000: Regular income: 53.50% Regular dividends: 48.89%… Continue Reading
  • Would you like some tax-free income? (11/10/2020) - The most significant tax-free receipt is the principal residence exemption. However, there is other income that is not taxed, such as: inheritances and bequests from a deceased person any gifts, provided they are not disguised as employment income or business income certain employment benefits, such as the payment from a… Continue Reading
  • When the sale of your home becomes taxable (11/10/2020) - When you sell your principal residence, you are not guaranteed a tax-free sale. It depends on your situation. If you use the principal residence exemption (PRE) quite a bit more than the average Canadian, you will draw the attention of the tax authorities. CRA may reassess the gain on the… Continue Reading
  • Repaying the $40,000 CEBA loan (10/27/2020) - You have until December 31, 2020, to receive a $40,000 loan under the Canada Emergency Business Account (CEBA) program. The purpose of this program is to help eligible businesses pay for operating expenses, payroll and other non-deferrable expenses. If you are working with RBC or Scotiabank, the $40,000 loan will… Continue Reading
  • How President Biden would impact your stock portfolio (10/27/2020) - Billionaire hedge fund manager Paul Tudor Jones said in a CNBC interview last week that a Biden presidency will mean a huge boost in stock prices in the first quarter of 2021.The market rally is fuelled by an expected massive fiscal stimulus which will result in a big boost to… Continue Reading
  • CEWS audit strategy is intimidating (10/13/2020) - The Canada Revenue Agency (CRA) has started to audit the Canada Emergency Wage Subsidy (CEWS), and it took employers and accountants by surprise. The purpose of the CEWS audit program, according to CRA, “is to identify the types and levels of non-compliance with the CEWS legislation”. Employers and accountants are… Continue Reading
  • You need to know your break-even point (10/13/2020) - These are challenging times for a practice owner. You have to handle many issues, such as infection controls, staffing, lower patient volume and patients with health and financial concerns. To measure the financial recovery of your practice, you need to determine the break-even point. At the break-even point, your practice… Continue Reading
  • B.C.’s Economic Recovery Plan (9/28/2020) - The BC government introduced its economic recovery plan, which provides the following incentives for businesses and professionals. Here is a summary. BC PST Rebate on Machinery & Equipment Effective September 17, 2020, eligible businesses will receive a 100% PST rebate on select M&E purchases. This program will run for one year, ending… Continue Reading
  • September 30 is deadline for personal taxes and instalments (9/28/2020) - On September 30, you have to pay any income taxes owing on your 2019 personal income tax returns. You will not be charged penalties and interest, as long as you make the payment and file the return by the September 30 deadline. September 30 is also the deadline for catching… Continue Reading
  • Are you financially prepared to support your aging parents? (9/23/2020) - Many Canadians expect that providing financial support to their elderly parents will have a major impact on their finances, a 2019 survey commissioned by FP Canada reveals. Of more than 1,500 Canadians surveyed, 14% among those with a living parent said they expect that supporting their parents financially will cause… Continue Reading

See All Blog Posts →

Linked In
twitter

© 2020 Purtzki, Johansen + Associates
All Rights Reserved.

Back to Top