Just for Dentists Newsletters

The average dental office has a patient retention rate of just 65%, according to research by the practice analyst Lee Bentz in an article for the California Dental Association. Why is that? According to a report from the consulting firm McKinsey and … [Read more...]

Here is a comparison of the Federal Parties’ election platforms dealing with corporate and personal income tax. Depending which Party forms the next government on October 21, the proposed tax changes will have a big impact on the income tax you will … [Read more...]

You keep track of the number of new patients coming through the front door, but you are likely not counting the patients leaving the practice through the back door. If you are getting 20 new patients monthly but your revenues stay flat, it is safe … [Read more...]

Building wealth is not the result of making more or having a financial whiz on your team. It is the result of spending more of your time to reach your financial goals. If your most important goal is to pay off the mortgage, or save for retirement, … [Read more...]

1. Upgrade your office and technology. Does your clinic have a worn-out look and old technology? You do not need to make any large capital expenditures such as purchasing new dental chairs or cabinetry. Remember the adage “you will never get a … [Read more...]

If you want to maximize the sales proceeds from your dental practice, there are a number of steps you should take well in advance of the actual sale date. 1. Ensure you Qualify for the Lifetime Capital Gains Exemption. One of the first steps in … [Read more...]

Most of us have a cavalier attitude about preparing our last will. We seldom set aside the time such an important document deserves to address the unique circumstances of our family, practice, and financial lives. Your lawyer may, as a reward for … [Read more...]

One of the first steps in properly planning the sale of your practice is to secure the benefit of receiving the sales proceeds tax-free. You want to make sure that the sale of the shares qualifies for the Lifetime Capital Gains Exemption … [Read more...]

Most investors have a diversified portfolio consisting primarily of a mix of shares and bonds. One investor shared his strategy with the Globe and Mail’s finance columnist, Rob Carrick, the other day. It is worth repeating because it is both … [Read more...]

With the drop in prices of residential real estate and the glut of condos on the market, particularly in the Lower Mainland, a few clients have started bargain hunting for a condo to purchase and rent out. Here some tax planning tips: Use … [Read more...]