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Category Archives: Practice Management
Why open a Retirement Plan for Your Practice?
Let’s start by discussing some of the benefits of setting up and maintaining a Retirement Plan for your practice. The first benefit is that contributions you make into the retirement plan are generally tax deductible, and then those contributions grow … Continue reading
“Million Dollar Metrics” for General Dentists
Managing a practice requires that you look at “the numbers” on a regular basis. If you’re like most practicing Doctors, you probably try to glance at the production and collections figures at least monthly. Did you know that there are … Continue reading
Tax Tips if You’re Starting a Business
If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic tips from the IRS that can help you get started: 1. … Continue reading
Implement SIBS – YouTube link
Here’s our 6 minute YouTube presentation of how to implement SIBS ( a Simple Incentive Bonus System) for your practice so you can increase revenue and profits: https://www.youtube.com/watch?v=urSP2jAz6ag
Chose the Best Entity Type for your Pratice – Part 3
By Andrew Schwartz, CPA In the first two parts of this series, we covered the basic types of entity choices you have when setting up a practice and the benefits and pitfalls of S-Corporations. Let’s wrap up by looking at … Continue reading
Posted in Practice Management
Tagged Andrew Schwartz, Business, Corporation, Limited liability company, Sole proprietorship, Tax
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Chose the Best Type of Entity for your Practice – Part 2
By Andrew D. Schwartz, CPA To read Part 1 of this series, click here. In my previous article, we covered the basics of the most popular entity selections. Let’s dig deeper into the benefits and pitfalls of S-Corps. Remember: S-Corporations … Continue reading
Posted in Practice Management
Tagged Andrew Schwartz, Corporation, Limited liability company, s-corporation, Tax
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Series: Choose the Best Entity Type for your Pratice – Part 1
By Andrew D. Schwartz, CPA For doctors in practice, making a lot of decisions every day is just part of the deal. While some practice management issues come with only one obvious solution, most require that you spend time researching … Continue reading
ENTITY SELECTION FOR YOUR PRACTICE – Part 2
To read Part 1 of this aticle, click here So what are the comparative advantages of a Sole Proprietor vs an LLC vs an S Corporation? Let’s start with a sole proprietor. A sole proprietor is not a separate legal … Continue reading
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