When you are going through a separation or divorce, income tax issues will likely not be top of mind. Good tax planning, however, before and during the separation can generate significant tax savings and help preserve your assets. Support … [Read more...]
Just for Dentists Newsletters
Manage Energy, not Time
The number of hours in a day is fixed, but the quantity and quality of energy available to us is not. This fundamental insight is the main theme in the book “The Power of Full Engagement” by Jim Loehr and Tony Schwartz. The … [Read more...]
Four Major Obstacles to Practice Success
No matter how talented you are or how many hours you spend in your practice, you will never reach the pinnacle of practice success if you are suffering from any of these afflictions: Super Inflated Ego. Being enamoured of your own … [Read more...]
Taking Shareholder Loans -What You Need to Know
The item on your corporate balance sheet that you should be most concerned about is the “shareholder loan” account. This loan account tracks cash advances to the shareholder(s) during the year. At the end of the corporate fiscal year, your accountant … [Read more...]
Make your phone a practice builder
Many dentists don't realize how important it is to have proper phone etiquette. I cannot believe that some offices still use an answering machine during business hours. If you have inexperienced staff members answering the phone, you will make the … [Read more...]
Bringing in an associate as a co-owner
Only one out of 10 associates end up as partners. Here are five must-do steps you must take to ensure your planned transition is successful. Plan ahead. Ask yourself, why would I want to bring in somebody into my practice and under what … [Read more...]
Boost your case acceptance! Tips from Dentistry’s top guns
Boosting your case acceptance rate is the quickest way to increase practice revenues. Dr. Justin Short & Dr. David Maloley interviewed many outstanding dentists regarding their practice success. They collected these interviews in the book, … [Read more...]
Investors are less satisfied with their investment advisors
Following a rocky 2018 in capital markets and negative investment yields, many Canadian investors are feeling edgy about their financial holdings and report they have less satisfaction with their investment firms, according to the JD Power 2019 … [Read more...]
Thieves you trust
According to the American Dental Association, 40 per cent of dental offices have been, or will be embezzled by an employee. Whether you are a young dentist purchasing a new practice, or a mature practitioner working towards retirement, … [Read more...]
Tax planning on separation and divorce – what you need to know
When you are going through a separation or divorce, income tax issues will likely not be top of mind. However, good tax planning, before and during a separation can generate significant tax savings and help preserve your assets. Support … [Read more...]