The item on your corporate balance sheet that you should be most concerned about is the “shareholder loan” account. This loan account tracks cash advances to the shareholder(s) during the year. At the end of the corporate fiscal year, your accountant … [Read more...]
Just for Dentists Newsletters
13
Jun, 2019 Make your phone a practice builder
June 13, 2019 by
Many dentists don't realize how important it is to have proper phone etiquette. I cannot believe that some offices still use an answering machine during business hours. If you have inexperienced staff members answering the phone, you will make the … [Read more...]
13
Jun, 2019 Bringing in an associate as a co-owner
June 13, 2019 by
Only one out of 10 associates end up as partners. Here are five must-do steps you must take to ensure your planned transition is successful. Plan ahead. Ask yourself, why would I want to bring in somebody into my practice and under what … [Read more...]
29
May, 2019 Boost your case acceptance! Tips from Dentistry’s top guns
May 29, 2019 by
Boosting your case acceptance rate is the quickest way to increase practice revenues. Dr. Justin Short & Dr. David Maloley interviewed many outstanding dentists regarding their practice success. They collected these interviews in the book, … [Read more...]
29
May, 2019 Investors are less satisfied with their investment advisors
May 29, 2019 by
Following a rocky 2018 in capital markets and negative investment yields, many Canadian investors are feeling edgy about their financial holdings and report they have less satisfaction with their investment firms, according to the JD Power 2019 … [Read more...]
15
May, 2019 Thieves you trust
May 15, 2019 by
According to the American Dental Association, 40 per cent of dental offices have been, or will be embezzled by an employee. Whether you are a young dentist purchasing a new practice, or a mature practitioner working towards retirement, … [Read more...]
15
May, 2019 Tax planning on separation and divorce – what you need to know
May 15, 2019 by
When you are going through a separation or divorce, income tax issues will likely not be top of mind. However, good tax planning, before and during a separation can generate significant tax savings and help preserve your assets. Support … [Read more...]
2
May, 2019 You’re fired!
May 2, 2019 by
Terminating an employee is probably the most hated job in the practice management life of a dentist. You must try for a smooth exit without causing upheaval in the office, and ensure the employee leaves with ego intact and without filing a lawsuit … [Read more...]
2
May, 2019 Our top post-tax season planning tips
May 2, 2019 by
“I’ve saved the money to pay my income tax. Now all I have to do is borrow some to live on.” Lou Costello How did you survive the tax season? You probably feel you paid more than your fair share of the $145 billion of personal income taxes the … [Read more...]
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Apr, 2019 A good office manager is critical for practice success
April 17, 2019 by
Your appointment schedule is full, hygiene is booked a month ahead, and patients have to wait weeks to see you even for minor treatment. Your staff is hustling to keep up with the pace, which often shrinks the lunch hour to a ten-minute break. For … [Read more...]
