Purtzki Johansen + Associates

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How Much Retirement Income Do You Actually Need?

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 … [Read more...]

Practice Survey: Production is Top Concern

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 … [Read more...]

Tax Changes Becoming Effective January 1, 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 … [Read more...]

Critical Illness Insurance – It’s Worth Another Look

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 … [Read more...]

Exponential Growth: Tips for Success in a Saturated Market

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 … [Read more...]

Being Charitable Costs Less Than You Think

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 … [Read more...]

Making Your Home Mortgage Tax Deductible

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 … [Read more...]

Dentists Should Consider These Year-End Tax Saving Tips

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 … [Read more...]

Top 7 Financial Mistakes Dentists Make (And How to Avoid Them)

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 … [Read more...]

Why you would need a Family Trust

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 … [Read more...]

Our New Dentist Program is designed to help new dentists start their career with a solid financial foundation.

What sets us apart from other dental CPA firms is our years of experience working closely with dentists. We offer an unmatched skill set that goes way beyond routine accounting and tax planning. From Practice purchase or Start up assistance and loan financing to practice management and financial/retirement planning, we will help you manage every aspect of the financial side of your dental career.

Call at 604-669-7558 or email us at purtzki[at]purtzki.com to request a free consultation.
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