Writing A Business Plan Series-Step 2: Mission, Vision, & Core Values
Step two of writing a business plan is to define your dental practice's mission, vision, and core values.
The True Cost of Raising Wages in Your Dental Practice
An example of the tax benefit of giving employees a $1.00/hour raise in an average dental practice.
Employee Retention Strategy: Stay Interviews
Conducting stay interviews is a great strategy to increase your employee retention rate.
Writing a Business Plan Series - Step 1: Determining Your Audience
The first step to writing a business plan is to determine your audience. To do so, first, identify your intention.
Saving for College: Start a 529 Plan Today
Now is the time to help your kids pay for college by starting a 529 Plan.
Writing a Business Plan Series – Step 10: The Executive Summary
The executive summary is a one-page description of your practice, its goals, & your explanation of how it will succeed
Annual Shareholder Meeting: Recommendations
Recommendations for holding & documenting an annual shareholder meeting.
ERC Warning: Be Cautious of ERC Solicitations
The IRS issued warnings for small business owners to beware of ERC fraud. Be cautious if you receive third-party solicitations that claim you qualify for the ERC.
Preparing Your Practice for an Economic Downturn
Implement best practices now to be better prepared for the effect of an economic downturn on a practice.
Production-Based Bonuses: Best Practices
Production-based bonuses incentivize your team to produce at their highest level. Consider these best practices when designing a bonus structure for your dental practice.
Protest Your Property Tax Appraisal by May 15th
To protest your property tax appraisal, file a Notice of Protest with your appraisal district by May 15.
Writing a Business Plan Series – Step 9: The Financial Plan
The financial plan briefly summarizes your practice’s current status & projections for future financial performance. Here is a list of elements to include in the financial plan section of your business plan.
2023 Updated Retirement Limits & Caps
The new retirement contribution amounts have changed for 2023 to keep up with inflation. Here are the new contribution amounts for 2023.
The Benefits of Paying Your Kids from Your Practice: ROTH IRA
There are significant benefits to employing your children in your practice. The most powerful benefit is the ability to fund a ROTH IRA.