First, just a warning. I’m going to start off with a bit of a negative tone with this post. However, it comes from a place of caring… by fully understanding the impact that unwanted turnover can have on your practice, my hope is that you’ll be motivated to take the...
In the often-confusing world of HR and employment law, it’s crucial for dental practice owners to discern between exempt and non-exempt employees. This classification has important implications, especially when it comes to wage and hour regulations and overtime...
I’ve heard I should track every single expense. Is that true… does it REALLY matter?. YES, it’s true and YES… it does matter (if you want to maximize the profitability of your dental practice!) Recording all deductible expenses is crucial for dental practices for...
So you’re ready to take the next step and start staffing your practice by hiring your first employee. Congratulations! This is a big step and it’s reason to celebrate. It’s also an important time to make sure you get a few tax-related items right to avoid problems...
There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory. As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A dental practice can bring in healthy...
For many dental practice owners, the word ‘budget’ is about as appealing as the word ‘diet’. It seems to imply what you will go without, rather than what you will achieve. We get it. In fact in the midst of widespread rising costs, you may intuitively think that...
