Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property tax deduction beginning in 2018.
In the market approach, the value of the organization can be compared to recent market activity whereby sales of similar interests in the same or similar industry. Valuation multiples, which are determined by dividing the sale price by a relevant financial metric (such as revenues), can be applied to the target company to determine an estimate of fair market value.
What is the advantage in working with a Dental CPA compared to a traditional, general CPA? A Dental CPA has specific industry knowledge that can help you manage your practice efficiently so that you have more time to focus on your dentistry and more profitability to reach your goals…
The Jones & Roth Dental CPAs & Advisors have partnered with well-known Dental Practice Advisor Megan Urban to bring a wide suite of services to dental practices across the Pacific Northwest. This partnership offers an end-to-end suite of services for dental practice success…
CPAs and Accountants have a love/hate relationship with QuickBooks and other small business accounting applications. We love how it provides a fully featured, affordable bookkeeping solution. We hate what happens when it isn’t used properly…
Many practice managers do not perform any kind of benchmarking and therefore never realize the true potential of their practice. With minimal improvements, a practice can see a significant increase in cash flow and a better bottom line.
Think your medical practice has a healthy revenue cycle? If you haven’t focused—really focused—on insurance denials, then think again. Denials might be the most underestimated and poorly understood sources of significant cash leakage from your practice’s revenue cycle.
Your front office is action-central for patient service and efficient patient flow. Hang on to your seats for this entertaining but illuminating webinar at how to prevent service breakdowns and blunders at this critical crossroads.
Don’t miss this webinar on the new changes to the meaningful use regulations. Many of these changes are beneficial and will relieve some pressures that practices were facing to manage compliance and reporting requirements.