Michael & Company, CPA is a highly-experienced firm dedicated to providing advice to our wide-ranging client base. We are among the most highly regarded Fresno CPA firms because we always put our clients’ needs first. Think of your Engage Advisor team as your financially savvy partner that looks Liability Accounts out for you and your business by helping you to achieve the goals you have set. Plus, we come bearing gifts – historical trends, uncovering opportunities for improvements, industry benchmarking and much more.
Accounts Payable and Receivable
- As a dental practice owner, balancing excellent patient care with sound business management is essential for long-term success.
- This is where Complete Small Business Solutions can help you make sure that your practice reaches its full potential in no time.
- Don’t let back office tasks take you away from focusing on what really matters.
- Before hiring a dental CPA with years of experience in serving dentists, evaluate their expertise in handling the financial aspects of dental practices.
- Proper tax planning can significantly reduce your tax burden while maintaining full compliance with IRS regulations.
At some point in your career, you likely will need to seek out a dental practice valuation, even if you are not sure when or if you will sell your practice in the future. There are several dental practice valuation methods that can help dentists assess what their practice is worth. If you are seeking niched knowledge to understand and enhance your practice financials and insights, you will benefit from using a dental-specific accountant. Aprio’s dental accountants will listen generously and plot a course to take you there. Aprio offers smart, up-to-date dental accounting and tax services that empowers practices to attain higher levels of profitability while building financial wealth and staying compliant.
Section 199A Separate Trade or Business
Our team understands the financial intricacies of dental practices, from managing insurance reimbursements to optimizing revenue cycles. With 25+ years of experience, we support dentists across the country through every stage of practice ownership. From startup to retirement, our team is here to guide your financial growth with accuracy, empathy and expertise. One area in which a specialized accounting service for dentists provides value is in helping you benchmark the performance of your practice against comparable dental offices.
Set your sights on financial success with our services
Yes, we support individual dental practices, multi-location offices, and dental groups, offering customized solutions for each. “Aprio” is the brand name under which Aprio, LLP, and Aprio Advisory Group, LLC (and its subsidiaries), dental bookkeeping provide professional services. LLP and Advisory (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. LLP is a licensed independent CPA firm that provides attest services, and Advisory and its subsidiaries provide tax and business consulting services. Work with an integrated dental advisory services and wealth management team that is committed to helping you protect and grow personal wealth to achieve financial freedom.
- These are sometimes assessed in large urban areas (think New York City, San Francisco, etc.).
- The process must comprehensively consider the goals, investments, assets and dreams of the individual or family.
- His goal in providing accounting for dentists was to eliminate unnecessary burdens from their shoulders.
- A dental accountant plays a vital role in managing the financial affairs of your practice.
- Managing dental practice finances can feel overwhelming, but that’s where a dental accountant or bookkeeper steps in.
- Additionally, our tax planning and compliance services help minimize liabilities while keeping you fully compliant with regulations.
Tooth Tax offers specialized payroll services, implementing efficiency into your dental practice. Our tax experts can help your dental practice minimize its tax liabilities by developing tax-saving strategies, filing tax returns, and ensuring compliance with regulations. We ensure that your dental practice complies with state and federal regulations by checking your payroll, calculating payroll taxes, and submitting tax deposits.
- At Invensis, we stay updated on industry-specific regulations, including HIPAA and dental billing guidelines.
- A well-known client was looking for an efficient financial back office solution provider.
- Partnering with a dental CPA who understands tax planning for dental practices ensures you don’t miss a thing and helps maximize deductions.
- WCG has been remotely preparing tax returns since 2007 using secure online client portals, text messaging, videoconferencing, and other technologies.
- Our focus on dental practices provides a depth of knowledge about the business needs of dentists that is unmatched.
Underpayment penalties can be substantial, so maintaining compliance with estimated payment requirements is essential for dental practice owners. Whether you own a dental practice or are just getting started in the field, it’s never too late to start making the critical decisions for your practice that pave the way https://www.bookstime.com/ to reaching your financial goals. Accurate financial forecasting and reporting is essential for short- and long-term success.