Tax | Pending Legislation/Tax Updates

IRS Tightens Noose Around ERC Claims

Don’t play the audit lottery if you've received an ERC payment! Be proactive and take these steps now to cut your losses.

Tax | General/Other

More Last-Minute Tax Saving Moves for You

Looking to cut your taxes before year-end? Check out these strategies before it's too late.

Transitions | Buying/Selling and Mergers

3 Reasons to Consider Seller Financing for Your Transition

With increased interest rates and banks tightening their lending standards, seller financing might be your most cost-effective transition option.

Tax | Individual

5 Tax-Wise Strategies to Increase Savings from Charitable Giving (Online-Only Article)

Consider these five strategies to give generously to the charities of your choice, while maximizing tax savings in the process.

Investments | General/Other

Is Your Investment Advisor Really Working for You?

Lower stock market returns are forecasted over the next decade, so it's more important now than ever to limit investment fees and expenses.

Practice Management | Patient Satisfaction

Increase Patient Satisfaction and Efficiency by Modernizing Your Payment Systems

In today's competitive market, consider modernizing your payment system to improve your patients' experience and increase referrals.

Practice Management | Personnel - Compensation

Winning Staff Compensation Strategies for 2024

Staffers are placing increased value on their health insurance, retirement, and other benefits. Utilize these tax-favored benefits to attract and keep top employees.

Practice Management | General/Other

In Memorium- Dr. William Charles Blair (1942-2023)

We are deeply saddened to announce the passing of Dr. Charles Blair on November 6, 2023, at the age of 81.

Practice Management | Managed Care

Boost 2024 Profits by Reducing Your PPO Write-Offs

Deciding to stop participating in PPOs is the easy part. Read on to uncover the proper steps to reducing your adjustments, while maintaining your hard-earned revenue.

Personal Finances | General/Other

Seven AI-Powered Financial Apps to Save You Money

Artificial intelligence (AI) has shaken up many industries, proving beneficial in numerous instances. Check out these seven apps to take advantage of this technology to assist with your financial management.

Practice Management | Budget, Fees, Overhead

How to Determine Your 2024 Fee Increases

How much should you raise fees to keep up with the current inflationary environment? Here’s our recommendation for 2024.

Tax | General/Other

Automakers Cut Prices and Accelerate Tax Breaks to Boost Sagging EV Sales

Buyer demand for electric vehicles (EVs) has dropped significantly. Tax credits are now being introduced to entice new buyers and increase sales.

Personal Finances | Debt Management

Five Strategies to Ease the Pain of Student Loan Repayment

With student loan payments restarting, many employees are seeking workplaces that will aid in repayment. Use this to your advantage to recruit top-notch associates and staff members.

Investments | Investment Strategy

Three Tips to Prepare for a Possible Recession

A possible recession is looming; ensure your wealth is protected with these three tips to reduce your risk.

Practice Management | Personnel

Seven Steps to Elevate Your Practice Through Strategic Delegation

Part of owning a practice is being a manager. Are you delegating when appropriate to allow you to focus on your patients and your practice?

Tax | Practice/Corporation

Did You File a Suspect ERC Claim? Follow These IRS Guidelines to Limit Your Damages

We've kept you updated on the IRS's halt on ERC claim processing and increased potential for audit. Now, here's what to do if you believe you filed a fraudulent claim.

Practice Management | Budget, Fees, Overhead

Three Steps to Make More in 2024 (Online-Only Article)

Proper budgeting can yield higher earnings for most doctors, so take these three steps to increase revenue in 2024 utilizing our practice budget ratios!

Transitions | Partnerships

Selling to a DSO or Forming a Group Practice: What’s Best for You?

Doctors on the brink of retirement face the tough decision of how to transition out of practice. Lucky for you, transitions advisor, Jonathan Martin, CPA, compares the options of selling to a DSO and forming a group practice for you.

Tax | Individual

Tax Court Upholds Tax-Free Rental Income Strategy

Take full advantage of tax-free rental income through the "Masters Rule." But, make sure you take these two steps to properly document it.

Personal Finances | General/Other

Three Tips To Increase Returns On Your Cash

Sitting on too much cash? Here are three strategies to increase your returns without taking on too much risk.

Practice Management | Personnel - Compensation

How Will The New Overtime Rules Affect Your Practice?

Just because an employee is salaried, doesn't mean they shouldn't be paid overtime! Make sure your employees pass these three tests before you count them out of receiving overtime pay.

Tax | Audits

IRS Freezes New ERC Claims Due To Rampant Fraud

The IRS has paused their review of ERC claims through December 31, 2023. Think you mistakenly filed a claim? Find out what to do and how to avoid the penalties.

Marketing | Marketing Strategies

Time To Notify Your Patients Of Their Unused Benefits

With year-end approaching, ensure your patients are aware of their unused benefits! It may push them to accept that treatment you've suggested.

Tax | Individual

Are You Deducting Your State Income Taxes?

If you live in one of 36 states, you could be saving up to $15,540 in federal income taxes. Read on to find out how, and make sure you contact your CPA to ensure they make this election for you!

Tax | Practice/Corporation

Five Strategies To Maximize Your Business Car Deductions

Low supply and rampant inflation have caused car prices to rise. Learn how to take advantage of these tax breaks by utilizing your car for business purposes.

Tax | General/Other

Top 50 Year-End Tax Planning Strategies (Online-Only Article)

As year-end approaches, now’s the time to implement changes to cut your income taxes for 2023. Read on to learn how!

Transitions | Buying/Selling and Mergers

Is the DSO Wave Over?

Plenty of doctors have received their fair share of marketing and offers from DSOs. However, we're now seeing a shift. Does this mean that the DSO frenzy is over?

Tax | Individual

IRS Delays Tax Increase On 401(k) Catch-Up Deferrals

We recently highlighted the Secure Act 2.0 and its impact on your 401(k). With the IRS not providing prompt guidance for these new rules, they're now delaying the implementation. Find out what steps you can take to best adapt to the current situation.

Marketing | Internet/Website

How Google's New Analytics Program Can Increase Your New Patients

Google Analytics is an essential tool to track website traffic and site growth, yet few doctors utilize it properly. Before year end, you must update your UA to GA4 to prevent losing valuable data!

Practice Management | Patient Satisfaction

Get the Patient's Eye View: Hire a Secret Shopper (Online-Only Article)

You only get one chance to make a first impression. Want to learn how potential (and current) patients are judging your practice? Read on to find out how.

Tax | Practice/Corporation

Top 10 Strategies to Convert Nondeductible Expenses Into Legitimate Business Tax Deductions

If you're spending your personal after-tax dollars on certain expenses that you can deduct through your practice, you're doing yourself a disservice! Here are our top 10 ways to legally turn these expenses into business tax deductions.

Personal Finances | General/Other

Housing Costs Are Rising: Can You Really Afford a Second Home?

Is that vacation home you've been eyeing really all it's cracked up to be? It may provide you with two weeks of bliss a year, but how will it affect your annual expenses?

Tax | Practice/Corporation

How to Navigate the Controversial Employee Retention Tax Credit

Beware of scammers luring you to apply for the Employee Retention Tax Credit. While some doctors may qualify, those that don’t run the risk of significant consequences if IRS regulations aren’t properly followed. Follow our insight before applying and take the steps to protect yourself if you've applied already.

Personal Finances | Budgeting, Spending, Saving

How Do Your Personal Finances Stack Up?

Our member survey results are in! Find out how your personal spending, saving, and wealth building strategies compare.

Personal Finances | Debt Management

Biden Proposes New Student Loan Relief

With the Supreme Court striking down the Biden Administration's $20,000 student loan debt cancellation plan, a new student debt relief program, called SAVE, has been pushed out by the White House.

Practice Management | Personnel

3 Steps To Improve Your Hygienists’ Job Satisfaction And Retention

The hygienist labor pool is shallow, with little indication of improving anytime soon. Keep your hygienists happy and motivated with these 3 strategies.

Practice Management | General/Other

More States Banning Noncompete Agreements

While the FTC's proposed nationwide ban on noncompete agreements hasn't yet gone into effect, several states have already taken similar action. How will these changes affect your practice and its value?

Transitions | Partnerships

Avoid This Tax Trap In Your Buy-Sell Agreement

What's the right way to structure buy-sell agreements in the event of a partner's death?

Practice Management | Personnel

Think Twice Before Getting Even With A Terminated Employee

Emotions can run high when firing a bad employee. But getting revenge via their final paycheck can end up costing you!

Investments | Investment Strategy

Are You Really Diversified? If Not It Can Cost You

Many doctors think they're diversified because they're invested in multiple mutual funds, but that's not always the case. This illusion of diversification can be costly, but there are ways to reduce your risk.

Tax | Individual

How To Pay ZERO Taxes On Roth IRA Conversions

Charitable giving not only benefits others—it can benefit you as well!

Personal Finances | General/Other

Top Financial Lessons Learned Over 40 Years (Part Two)

More personal and practice financial tips to help you achieve your goals.

Investments | General/Other

Six Reasons A Financial Coach May Be Your Best Investment

ChatGPT and other AI platforms can only go so far. Here are the advantages to having a human help you build your financial game plan.

Tax | Individual

Get Ready For The New Retirement Plan Rules

How exactly will the SECURE Act 2.0 affect your retirement planning?

Investments | Investment Strategy

How To Get Higher Returns With Increased Safety

Where should you keep your money to ensure you get the highest returns while reducing your risk of loss?

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

Overcoming The Hurdles For A Successful Cash Balance Retirement Plan

Cash balance plans can be an excellent vehicle for funding your retirement, but there are 3 roadblocks you must overcome to unlock this plan's full potential!

Education Planning | Saving/Paying for College

How To Get The Most From An Overfunded Section 529 College Savings Plan

Have money leftover in your Section 529 plan but your children are out of college? Try these tax-favored strategies to get the most out of these funds.

Personal Finances | Debt Management

How To Pay Off Student Loans After The Supreme Court Decision

Follow these steps for a winning debt repayment and savings strategy.

Practice Management | Personnel

Don’t Risk A Lawsuit: Carefully Craft Your Employment Interview Questions

Hiring additional staff is a top concern for most doctors these days. Here's how to get the job done without getting sued.

Personal Finances | General/Other

Top Financial Lessons Learned Over 40 Years (Part One)

Personal and practice financial management pearls to help you reach financial freedom faster.

Tax | Individual

Another Strategy To Make Your Travel Tax-Deductible

Try this virtual CE strategy on your next vacation!

Transitions | Practice Values

How The New Valuation Approach Can Increase Your Practice’s Value

Traditional valuation methods created huge disparities in your practice's value when selling to a doctor versus a DSO. But now, you can "close the gap" on your practice's value regardless of who you sell to.

Practice Management | Profitability

Getting Patients To “Yes”: 6 Ways To Improve Treatment Acceptance In A Volatile Economy

Your practice can maintain (and improve!) its profitability, even during uncertain times. Here's how.

Tax | Individual

Increase Retirement Income And Slash Taxes Using A Charitable Remainder Trust

This little know strategy not only helps your favorite charities get the most out of your donations, but also provides substantial benefits to you and your family.

Practice Management | Billing/Collections

More Benefits Available From Automating Insurance Processing

With the labor crisis still in full effect, utilizing automation is more critical than ever. Learn how doctors like you are currently benefiting from these cost-cutting tools.

Insurance | Health

IRS Boosts HSA Contributions For 2024

Are you getting the most out of your HSA?

Tax | Audits

Yes – You Can Go To Jail For Inflated Deductions!

Don't be fooled by consultants claiming you'll only get jail time for unreported income.

Personal Finances | Credit

Best Travel Reward Booking Services

Try these concierge services to get the most out of your travel reward points.

Personal Finances | General/Other

Will ChatGPT Replace Your Financial Advisor?

ChatGPT has exploded in popularity with a wide variety of uses. While it can provide a wealth of financial information, it does have significant limitations.

Transitions | Practice Values

Why Your Practice May Be More Valuable Than You Think

When selling your practice, the difference in sales price from traditional buyers versus DSO buyers can be shocking. But why is there such a disparity, and should there be?

Tax | Individual

How To Earn Over $100,000 A Year Tax-Free In Retirement

The sale of your practice presents a huge opportunity to take advantage of a special 0% tax rate.

Practice Management | Financing

How To Get The Practice Loan You Need Despite The Credit Crunch

Loans for dental practices are still readily available at certain banks that specialize in healthcare provider lending. Use our strategy to ensure you get the best deal possible!

Practice Management | Personnel

An Unconventional Solution To Your Understaffing Problem

With labor shortages still top-of-mind for most doctors, trying this recruitment strategy could prove to be highly beneficial to your practice.

Practice Management | Profitability

Adjust Your Fees And PPO Participation To Optimize Your Workload

If you find yourself operating at 100% capacity (or more), this approach can not only reduce your stress, but increase your practice profitability.

Marketing | Internet/Website

Upgrade Your Website To Convert More New Patients

With Google Analytics poised to roll out their new platform, now is the perfect time to update your website.

Practice Management | Industry Trends

2022 – A Challenging Year For Dentistry

Our annual profitability and benchmarking analysis is in. Here's how our member-doctors fared in 2022.

Tax | Individual

New Research Reveals Optimal Age To Claim Social Security Benefits

Claiming Social Security benefits is one of the biggest and most complex decisions you face in retirement, and getting it wrong can cost you and your family hundreds of thousands of dollars. Here's how to get it right.

Practice Management | Managed Care

Top Errors In Dealing With PPOs

Avoid these 6 profit-robbing mistakes doctors routinely make to maintain your practice's profitability.

Practice Management | Personnel

Congress Mulls Extending FMLA To Your Practice

The FMLA currently provides a small business exemption for employers with less than 50 employees. But this could be changing.

Tax | Individual

How To Protect Your Wealth From The Higher Taxes Just Ahead

The Biden Administration recently proposed a tax hike that could dramatically increase your tax responsibility. Use these 7 strategies to lessen the hit to your family's hard-earned wealth.

Tax | Individual

Avoid Overpaying Your Property Taxes Due To Revaluation Errors

Home prices are dropping from their peaks of 2022. If you've recently received a property tax appraisal using values based during this inflated era, you need to act now.

Tax | Audits

IRS: Beware Of Bad Online Tax Advice

Misleading online tax advice from promoters may leave you holding the bag when the IRS comes knocking. Here's what to look out for and how to slash your taxes the right way.

Practice Management | General/Other

7 Steps To Prevent Burnout

Burnout is real and it's only getting worse in dentistry. Use these proactive tips to help you boost your health, reduce your stress, and avoid it altogether.

Transitions | Associateships

How To Beat The New Independent Contractor Rules

Use these strategies to reap tax savings when employing hygienists and associates.

Transitions | Buying/Selling and Mergers

What’s The Truth About DSOs?

With current DSO advertising warning of the dental apocalypse if you don't sell now, transitioning out of practice is more fraught than ever before. Who, and what, can you trust?

Tax | General/Other

Don’t Overlook These Deadlines – It Could Be Costly!

Make sure you file by these deadlines, or you could miss out on huge tax savings!

Insurance | General/Other

Join The Growing Push For Dental Insurance Reform!

Several states are pushing for transparency from dental insurance companies to increase the value of patients' dental premiums.

Education Planning | Saving/Paying for College

New Changes Increase Savings From Tax-Deductible College Funding

Fund your children's education with these strategies that can help you reap savings of tens of thousands of dollars per child!

Personal Finances | Budgeting, Spending, Saving

Teach Your Children About Money Management

They're never too young to start learning the value of a dollar! It will leave them better prepared to handle their own finances as adults.

Personal Finances | General/Other

How To Travel More While Spending Less

Use our tips and travel credit card recommendations to get the most value out of your vacations and business travel!

Tax | Individual

New Law Limits Syndicated Conservation Easement Deductions

Despite the threat of criminal and civil lawsuits, promoters continue to sell these tax-motivated investments. Here's what the IRS is looking for to avoid a costly audit, back taxes, interest, and penalties.

Practice Management | General/Other

How To Sidestep The FTC’s Proposed Ban On Noncompete Agreements

These 6 strategies can protect your practice now, so you can avoid the risk of waiting years for a finalized rule.

Transitions | Practice Values

How The Rapidly Changing Dental Marketplace Will Affect Your Practice’s Value

With high interest rates impacting DSO sales, is selling to a DSO still a viable transition plan?

Personal Finances | General/Other

Five Strategies To Take Advantage Of Higher Interest Rates

Interest rates have skyrocketed over the past year, but you can still come out ahead with these financial strategies to boost your returns.

Tax | Individual

Are You Missing Out On A Home Office Tax Deduction?

If you conduct the majority of your administrative and management duties from home, then the answer is yes! Here's how to take advantage of this overlooked tax break.

Practice Management | Profitability

How Your Hygiene Department Can Improve Your Treatment Acceptance

Getting your hygiene department on the same page about your treatment philosophy can drastically impact your profitability. Follow these 3 steps to empower your hygienists and increase your case acceptance.

Tax | Practice/Corporation

Two Strategies To Beat The New Limits On Electric Vehicle Tax Credits

To qualify for an EV tax credit, your vehicle must pass 4 strict tests, but you can circumvent these requirements with the Commercial Clean Vehicle Credit.

Retirement Plans | General/Other

How To Get The Optimum Benefit From Your Retirement Plan

Your retirment plan can make or break your retirement savings. Make sure you're maximizing your funding so you can hit your savings goals in the fastest time possible.

Practice Management | Personnel

10 Mistakes That Make You Vulnerable To Employment-Related Lawsuits

The risk of employment-related lawsuits is growing and can cost you dearly. Avoid these common mistakes that can arise before, during, and after employment.

Practice Management | General/Other

How Will The Proposed Ban On Non-Compete Agreements Affect Your Practice?

While the FTC's proposal has yet to be approved, the ban includes future as well as current agreements and has far-reaching implications for your transition plan.

Personal Finances | Debt Management

White House Announces New Income-Based Student Loan Relief

The Education Department under Biden has proposed a new rule, making the path to student loan forgiveness easier and college more affordable.

Tax | Individual

How To Take Maximum Advantage Of The New Retirement Savings Rules

The SECURE Act 2.0 changes the retirement savings rules for all Americans. We've broken down what that means for you and your retirement plan strategy.

Investments | Investment Strategy

An Investing Strategy For 2023

With the Federal Reserve promising more interest hikes, and a looming recession on the horizon, here’s how should you handle your investments.

Practice Management | Personnel

10 Strategies To Recruit A Top-Notch Hygienist

If you've been affected by the hygiene staffing crisis, try these ideas to find high-quality candidates in your area.

Tax | Individual

Accelerate Your 2023 Financial Success!

Follow these 6 strategies to ensure you don't miss out on $500,000 of "free money" in retirement!

Practice Management | Profitability

Five Strategies To Combat The Looming Recession

The economy is slowing down in the face of rapid interest rate hikes. As consumers become more budget-conscious, here's what you can do to maintain your profitability.

Tax | Individual

Will Your HSA Distributions Be Tax-Free?

Maximize your HSA benefit by avoiding these pitfalls that can cost you thousands in unnecessary taxes.

Practice Management | General/Other

Doctors Fined For Illegal Response To Negative Online Reviews

Make sure you and your staff are staying HIPPA compliant when responding to negative online reviews.

Practice Management | Personnel - Compensation

Time To Finalize Your 2023 Pay Strategy

With recruiting and retaining staff a high priority for most practices, here's how to adjust your compensation strategy to stay competitive.