Financial Performance Measures: A Checklist for Tracking your Practice Performance
Part 1: Goodwill and the Sale of a Dental Practice Part 2: The Taxation of Goodwill Part 3: Building Practice Goodwill Consistent with the thinking that activities that get scheduled get done, I recommend a checklist of practice performance goals and measures to which you refer at least monthly. This checklist ought to reflect what…
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Hiring the Right Financial Professional: The Controller
Part two of four in a SmartMoney series Read Part One: The Bookkeeper The recent recession was a grim reminder that we simply can’t be too careful when it comes to the company’s finances. But what type of financial professional does your company really need? A small operation might do well to hire an experienced…
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Building Practice Goodwill
Read Part 1 and Part 2 in this Goodwill Series. In my previous two posts, I have discussed how goodwill is the driver of value in your practice and how goodwill is taxed at more advantageous rates than regular income. And if that isn’t enough, the byproducts of building superior goodwill in your practice benefit…
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Hiring the Right Financial Professional: The Bookkeeper
Part one of four in a SmartMoney series If your company is like most, you are beginning to see welcome signs of financial recovery. But the memory of the recession has not faded, and vigilance about company finances must remain a top priority. I’ve seen too many businesses launch a search for a financial professional…
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How Latest Tax Changes Will Affect You or Your Company
The U.S. Supreme Court ruling on June 28, 2012, upheld the Patient Protection and Affordable Care Act of 2010. Individuals and business owners can expect to see several changes over the next few years depending on the results of the presidential election on Tuesday, November 6. Listed below are a few highlights of the upcoming…
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Gulf Coast Property Owners Can Receive Over $1,000
Do you own a condo on the Gulf Coast? If you owned it on April 20, 2010, you are eligible for a payment being administered by the U.S. District Court-Eastern District of Louisiana because of the Deepwater Horizon Economic & Property Damage Settlement. Under this settlement, no physical damage to your condominium is required. This…
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