Focus on,

Improving My Dental Practice

You have moved beyond the “start-up” phase and proudly own an established dental practice. New patients are rolling in and cash-flow is looking good. But you begin to wonder… How can I improve my dental practice? Am I paying too much in taxes? Where should I invest my hard earned money?

tooth with magnifying glass animation

Step 1

How Can I Improve My Dental Practice?

Once you have an established dental practice, the next step is to ask yourself how you can continuously improve your business to be the best it can be. From profit planning and seeking advice on operations to team building and effective telephone techniques, it is your responsibility to stay ahead of your competitors.

We are proud to have renowned dental practice consultant, Dr. Sharon Tiger as a leader at our firm. Dr. Sharon along with our team of experts provides Dental Practice Consulting services to help established dental practice owners fine-tune their business to be the best it can be.

Step 2

How Can I Pay Less In Taxes?

Our clients often ask us “how can I pay less in taxes?“, “am I paying too much in taxes?” or “what Tax deductibles do I qualify for?“. The truth is, you probably could be paying less in taxes, but knowing how to do this legally is where it can get tricky. From the car you bought for your dental practice and the dental equipment, to work functions and investment gains, there are many reasons you could qualify for a tax break.

At Edwards & Associates PC, we help you keep more of what you earn. It’s as simple as that. Our team of tax experts is highly skilled at identifying tax break opportunities while ensuring 100% compliance with IRS tax laws.

The Monthly Core Services is our #1 most unique service that sets us apart from other firms. We charge a flat-rate plan customized for each client. You will receive all of the typical tax & accounting services that we offer all clients, along with customizable options specific to your business and personal needs.

hourglass with tax planning report

Step 3

Where Should I Invest My Money?

As the owner of an established dental practice, you have certainly generated some profits by now and what you do with that money will determine your future financial success. How you invest your newly earned profits will have a major impact on your retirement savings. It is important to always keep in mind that it is not just about the short-term strategy, it’s also about understanding how your money can work for you in the long term.

As a dental-specific CPA, we can help with just that! Our personal financial planning sessions are comprehensive 1-on-1 sessions with Robert Edwards (President) explicitly tailored to the client.

Step 4

When Can I Open a Second Dental Practice?

You might be thinking, “I did it once, I am sure I can do it again?”, but not so fast. Your first practice should be profitable for at least 2 years before even thinking of opening a second location. You also need to consider whether a bank would give you a loan in such a short amount of time. Remember, the bank won’t treat your second practice as a startup even if it is a startup, they automatically treat it as an expansion. Therefore, they will look at that cash flow of practice number one before any decisions are made to finance a second. That’s why the second location is usually the most difficult to start up for new business owners.

If you think you might be ready to open a second dental practice, let us review your financials before making a decision. We provide Consulting and Acquisition services to ensure our clients make the right financial decisions at the right time.

dental cpa clipboard art
hourglass with tax planning report

Step 5

Do I Need a Dental CPA?

If you are a dentist, with a taxable income, investments, assets, and plan to eventually retire, then the simple answer is yes. A dental CPA firm not only helps you make the best decisions for your dental practice but also helps you keep more of what you earn.

We are a CPA firm with over 30 years of experience, contact us to learn more!

Are you ready to meet us?

We Are Your Financial Experts.

972-267-9191 or Schedule a Consultation

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Have Questions?

Contact us at info@eandassociates.com or call us at (972) 267 9191 to schedule a consultation!