Tax | General/Other

How To Reap The Maximum Tax Savings Under The CARES Act

A $2.2 trillion economic relief package was signed into law to aid Americans during the COVID-19 crisis. The stimulus package includes several major tax provisions and we break down nine of them to help reduce both your personal and practice-related tax burden.

Practice Management | Financing

How To Get The Maximum Paycheck Protection Program (PPP) Loan Legally Possible

The Treasury Department released additional guidance on the Paycheck Protection Program on April 6, 2020. Review these guidelines now to secure the maximum PPP loan amount for your practice.

Insurance | Life, Disability, Business Overhead

Why Your Practice Should File A Business Interruption Insurance Claim

Business interruption insurance typically applies when revenue loss is due to physical damage...but there are several reasons it's worth finding out if your coverage will help reimburse losses due to the coronavirus.

Insurance | General/Other

Claim Your Insurance Premium Refunds Now

While your practice is closed, contact your insurance carrier now to request potential money-saving benefits and take advantage of any available relief programs.

Personal Finances | Debt Management

Take Advantage Of Student Loan Debt Relief Under CARES Act

President Trump had announced a temporary freeze on student loan debt in an emergency declaration regarding the coronavirus outbreak. Now the CARES Act takes this debt relief even further.

Practice Management | Financing

Paycheck Protection Program (PPP) Update

New bill replenishes PPP funding–here's how to get your PPP loan approved! This, plus PPP funding rules for sole proprietors, independent contractors, and partnerships.

Investments | Annuities

Should You Invest Your Retirement Plan Funds In Annuities?

The insurance industry lobbied hard to allow them to sell annuities more widely—and within 401(k) plans. Here’s a fiduciary’s take on the soundness of this as an investment.

Practice Management | Financing

8 Strategies To Maximize The Benefits Of Your PPP Loan And Forgiveness

While we’re waiting on the SBA to issue final loan forgiveness rules, you can use our guidance to help you avoid traps get the best results.

Practice Management | Industry Trends

Reader Survey Reveals Record 2019 Production/Collections (Online-Only Article)

We reviewed financial statements from 212 practices across the country to provide our analysis to help members prosper and steer toward greater success.

Practice Management | General/Other

How To Deal With The Coronavirus Business Slowdown

No doubt your dental practice operations have been majorly impacted by this pandemic. Here are your focus areas for controlling overhead expenses, plus which sources to tap—in order—for access to emergency cash.

Practice Management | Personnel

How The New Emergency Paid Sick Leave Law Affects Your Practice

Managing your staff and day-to-day operations is increasingly stressful during the unprecedented COVID-19 crisis. Read more about the Families First Coronavirus Response Act and temporary paid leave provisions signed into law on March 18.

Personal Finances | Debt Management

President Trump Announces Student Loan Debt Relief

The economic blowback of COVID-19 has been strong, but there’s good news for the 43 million Americans who owe about $1.5 trillion in federal student loans.

Practice Management | General/Other

7 Steps To Boost Your Immune System And Help Protect Against Viruses

A vaccine for the coronavirus is likely many months away. Along with following other recommended precautions, help boost your immunity by being proactive and taking measures to generally avoid contracting a virus.

Personal Finances | Budgeting, Spending, Saving

20 Ways To Cut Your Personal Spending Now

It’s more important than ever, during times of uncertainty, to find ways to squeeze every dollar—and these strategies will help you keep extra money in your pocket, so you have more left over for retirement savings.

Tax | General/Other

Take Advantage Of Automatic Extension To File And Pay Your 2019 Taxes

The IRS postponed the deadline from April 15 to July 15 to file your federal income tax return. These relief measures also give you extra time to make contributions to HSAs, IRAs, and retirement plan accounts.

Retirement Plans | IRAs (Roth, SEP, SIMPLE, etc.)

Use Roth Conversions To Turn Your Stock Market Lemons Into Lemonade

While the current economic “perfect storm” is wreaking havoc on the stock market, there is a silver lining—it’s the perfect time to take advantage of the Roth conversion strategy to achieve tremendous tax savings.

Tax | Audits

Avoid These Top 3 IRS Targets

Investing in one of these tax shelter schemes will put a target on your back and almost guarantee an audit. Steer clear of these IRS red flags.

Investments | Investment Strategy

What To Do With Your Investments? (Online-Only Article)

Today’s gut-wrenching stock market volatility has many doctors on edge. It’s critical to avoid knee-jerk reactions and instead remain calm, utilize your financial advisor, and stay the course with minor adjustments to successfully weather the storm.

Transitions | Buying/Selling and Mergers

Corporate Buyers Eyeing Your Practice? 5 Costly Pitfalls To Avoid

Do you know how to limit brokerage commission? How about making sure there are no break-up fees? Are you comfortable with the Letter of Intent? We offer expert tips for your practice sale.

Tax | General/Other

5 Strategies To Beat The $10,000 Limit On State And Local Tax Deductions

Before you file your 2019 federal income tax return, ask your CPA to confirm these taxes are being deducted correctly. You’ll be glad you did!

Insurance | Health

How To Avoid Costly Medicare Mistakes As You Approach 65

You can lose thousands of dollars if you make the wrong choices. We narrow down the specifics that doctors should be sure to focus on to successfully manage health care costs.

Practice Management | Productivity

8 Time-Management Strategies To Lower Stress And Increase Efficiency

Big takeaway: Don’t take on more projects than you can comfortably handle. It's okay to say "no."

Personal Finances | Credit

Best Reward Credit Cards For 2020

We take the pain out of choosing the right card for the right purchase!

Personal Finances | Budgeting, Spending, Saving

Don’t Let Your Emergency Fund Rob Your Retirement Nest Egg

Read on for 5 alternatives to low-interest savings accounts, plus how to use them.

Personal Finances | General/Other

6 Steps To Protect Your Online Privacy (Online-Only Article)

Are you freely providing too much personal information over the web? Think twice–giving all those permissions to apps isn’t necessary and ends up making you more vulnerable.

Education Planning | Saving/Paying for College

How New Technology Increases Tax-Deductible College Funding Options

Most college savings advice misses the mark. But our recommended strategies save doctors an average of more than $70,000 per child on a 4-year college education!

Marketing | New Patients/Treatment Acceptance

Educate Key Decision-Makers Through Virtual Consults To Improve Your Conversion Rates

Patients who would be ready to start treatment, often don’t, if not all decision-makers attend the consultation. Here’s how to improve the selling process—and your related profitability!

Practice Management | Managed Care

More Practices Reduce PPO Participation: Hike Your Profits By Following Suit

Think you can’t afford to go out of network with PPOs? Four months after making changes to reduce PPO participation, one of our members saw profits go up about $12,000 a month. So think again!

Marketing | Communication

How Much Are Missed Calls Costing Your Practice?

If you calculate the value of a patient visit, you might be surprised how big your loss could be. Use these tips to maximize answered calls, in order to increase your profits!

Personal Finances | General/Other

How To Find True Happiness—And Improved Health

Intentional activity is 4 times more important than life circumstances to your happiness, according to studies. Here are some easy ways you can practice intentionality to decrease stress, starting today.

Insurance | Life, Disability, Business Overhead

Beware Of The Hottest Thing In Life Insurance—Indexed Universal Life

The promise of a “can’t lose” investment has caused indexed universal life to surge in popularity. But that’s a promise easily broken, and there’s a better approach than investing in these high-fee, low-return policies.

Retirement Plans | 401(k), Cash Balance, Defined Benefit

Now’s The Time To Review Your Retirement Plan

When your practice retirement plan is properly designed, you'll enjoy substantially bigger tax savings and maximize contributions for you and your family. Are you in the best retirement plan?

Personal Finances | General/Other

How To Buy A New Car At An “Old Car Price” (Online-Only Article)

New car prices have risen dramatically over the past few years, reducing sales. Discover a unique approach for using this inventory glut to bargain for huge savings.

Practice Management | Managed Care

How To Increase Profits By Playing It Smart With Delta

Delta Dental has the largest dental network by far, so your practice’s status with them is critical. Find out how you can potentially add thousands in increased profits by making the right provider moves.

Investments | Investment Outlook

4 Strategies To Improve Your Investment Returns

Where do the markets appear to be headed in 2020? If you ask the major Wall Street firms, you will get the same answer you always get. Read on for a fresh perspective and advice on becoming a more successful investor.

Tax | General/Other

6 Strategies To Accelerate Your Financial Success In 2020

Making contributions at the beginning of the year, rather than at year-end, could result in an extra accumulation of $453,477 over 30 years. That’s way too much money to pass up!

Practice Management | Personnel - Compensation

Motivate Your Staff For Practice Growth Using This Bonus Plan

One of our most popular topics - the best way to reward great staff members - and we’re thrilled to show you how!

Retirement Plans | General/Other

8 Major Changes You Need To Know Under The New Retirement Rules

2020 brings some of the biggest retirement plan change provisions in a decade. To avoid higher taxes or costly lawsuits, we highlight the changes you must not miss.

Practice Management | Personnel

9 Steps For More Productive Staff Meetings

Positive staff meetings require great listening and communication skills, which in turn will improve the patient experience, and your operating results.

Personal Finances | General/Other

Move Your Money Where It Will Treat You Best

The ability to overcome emotional obstacles, like selling at a loss to free up money for investments with greater future potential, is what separates good investors from great ones.

Insurance | General/Other

Disaster Protection Plan: Why You Need a Video Inventory (Online-Only Article)

How soon could you get your office up and running again if disaster strikes? An excellent way to be prepared is by creating a video inventory of your office—and your home. And your smartphone is the perfect tool for the job.