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

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  • RESP withdrawal strategies (9/8/2020) - Sophie is looking forward to start her post-secondary education. To pay for the university fees of $15,000, which includes $7,000 of tuition fees, her mom is planning to use the RESP, which has a balance of $90,000. In addition to her contribution of a maximum of $50,000, and the government… Continue Reading
  • Am I ready to retire from dentistry? (9/8/2020) - A practice transition is a long-term proposition that will change your life and upend your daily routine. Be specific about your transition goals. Determine whether you want to retire partially or fully and map out a timeline. Decide if you are looking at a five or ten-year window. Depending on… Continue Reading
  • August 31, 2020 deadline for business loan and rent relief! (8/27/2020) - CEBA (Canada Emergency Business Account) Please note that the deadline to submit an enrollment request form under the CEBA  program is August 31, 2020. If your total employment income paid in the 2019 calendar year was greater than $20,000 and less than $1,500,000 you need to submit an enrollment request form by contacting your bank. To qualify under… Continue Reading
  • New CRB $400/week benefit and other goodies! (8/23/2020) - Four days ago, our new Minister of Finance Chrystia Freeland announced new measures to support Canadian workers through the next phase of the recovery. CERB Extension CERB to date has paid out about $70 billion to over 8.5 million Canadians. Prior to the announcement, the CERB program would have concluded… Continue Reading
  • Extension of tax payment deadlines and interest relief (8/11/2020) - Payment deadline extension CRA is extending the payment due date for the current year individual, corporate, and trust income tax returns including instalment payments from September 1, 2020 to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline of September 30,… Continue Reading
  • How to pay for post-secondary education in the year of COVID-19 (8/11/2020) - Unable to have summer jobs, many students face the new school year with precious few savings. Are there any solutions? There are a number of government funded programs that provide funds toward the cost of post-secondary education. The Canada Emergency Student Benefit (CESB).You are eligible for the CESB, if you… Continue Reading
  • The revised CEWS: How do the new rules work? (7/30/2020) - The government released draft legislation regarding a redesigned Canada Emergency Wage Subsidy (CEWS). Here are the highlights of the key changes. The CEWS was extended to November 21, 2020 with a potential further extension to December 31, 2020. The redesigned CEWS has two different rate structures, one calculated based on remuneration… Continue Reading
  • Contributing to the CPP past age 65 (7/14/2020) - If you work until age 65, you have no choice but contributing to the CPP. If you are 65 to 70 years of age and you continue to work you can choose not to make CPP contributions. If you continue to work after age 65 while receiving the CPP retirement… Continue Reading
  • You need proof of total km driven when you claim auto expenses (7/14/2020) - When CRA audits your auto expenses, you not only need proof for the expenses incurred but you also have to substantiate the total kilometres driven. This fact was highlighted in a Tax Court of Canada case. The taxpayer, Ms. Wallens, used her automobile to service customers for her advertising business.… Continue Reading
  • Three Ways To Boost The Value Of Your Practice (7/14/2020) - Hygiene. Increase the hygiene component to ideally 35%- 40% of total practice revenues. Nothing moves the practice value needle more than a productive hygiene department. Many purchasers pay twice for the goodwill of hygiene revenues than dentist revenues. Why such a big difference? The reason is that hygiene revenues are… Continue Reading

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