If you’re like most dentists, you didn’t start your practice to spend hours reconciling accounts or analyzing financial statements. However, accurate bookkeeping is the cornerstone of any profitable dental practice. Without it, you can’t make informed decisions, minimize taxes, or plan for sustainable growth.At Only for Dentists, we offer specialized bookkeeping and accounting services for […]
Only for Dentists
Depreciating Dental Equipment for Tax Purposes: What’s Required?
Depreciation is a very complex element of the tax code. It’s best you don’t try to tackle it on your own. From time to time, you may buy a piece of equipment for your dental practice. This can be anything from a small computer found at the front desk to a large CEREC machine in an exam […]
The Benefits of Accepting eCheck Payments for Small Businesses
Small businesses can benefit from accepting eCheck payments in many ways. It’s a good idea to explore the potential value it can bring to your dental practice before dismissing the idea or missing out on something that can add value to your practice for patients, while simultaneously helping your practice become more efficient and productive. […]
Can I Use Email for Communicating with My Dental Accountant?
In the electronic age, it’s easier for many small dental practice owners to conduct business through electronic means of communication, email in particular. While it may be tempting to conduct as much of your business through email as possible, there are inherent risks in doing so. The biggest risk is significant. That is, the risk […]
What is a Socially Conscious Business?
In the 21st century, dental practices need to understand and incorporate the concept of socially conscious business practices in order to flourish and succeed. Today’s consumer is better informed, more aware and more than willing to put their spending dollars where their conscious is making it imperative that a business show its willingness to promote […]
What are Asset Protection Services?
Asset protection services exist to help place your dental practice’s assets in a position where they are all but untouchable by those you do not wish to have access to them. In the world you live in, one that’s rich with dangers and potential financial pitfalls, protecting your dental practice’s assets and wealth is more […]