Money

The biggest mistakes dentists make: Lending money to family members
The biggest mistakes dentists make: Lending money to family membersPeople have been lending money to family members since money was invented. Relatives may lend funds to help start a business, pay for education or alleviate an emergency situation. Unfortunately, in my experience at Levin Group, many dentists have experienced financial setbacks and emotional stress after lending to family members who couldn’t pay them back.
Seasonality and effects on accounts receivable in the dental practice
Seasonality and effects on accounts receivable in the dental practiceAccounts receivable is often a significant part of a dental practice’s financial health. Due to common dental benefit practices and late patient payments, dentists are often owed a significant amount of money. Although carrying an accounts receivable balance is common and in many cases unavoidable, reducing the outstanding financial burden can improve cash flow and overall practice health.
5 things you need to know about divorce, goodwill and dental practice valuation
5 things you need to know about divorce, goodwill and dental practice valuationKnowing about goodwill and the necessary attributes for the dentist's practice valuation can be critical in a divorce.
How Brexit could affect your business' bottom line
How Brexit could affect your business' bottom lineBritain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event — projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home.
8 dental practice strategies to keep more money in your pocket
8 dental practice strategies to keep more money in your pocketEight strategies that have helped dentists maximize their income and reduce taxes, in addition to other expenses. This in return allows additional monies to be working for them and their families.
The biggest mistakes dentists make: Thinking embezzlement will never happen
The biggest mistakes dentists make: Thinking embezzlement will never happenEmbezzlement can happen in any practice. Even yours.
An interview with a dental practice embezzler
An interview with a dental practice embezzlerA dental practice employee embezzles greedily from her employers. Why did she do it, and how can dentists ensure it doesn't happen to them?
How seasonality affects revenue in the dental practice
How seasonality affects revenue in the dental practiceWhy is measuring and preparing for seasonality important for dental practices? It could create major cash flow problems.
The sooner you control overhead in your dental practice, the sooner you can retire
The sooner you control overhead in your dental practice, the sooner you can retireAs a rule of thumb, a general dental practice should spend 59% of its revenue on overhead, says Dr. Roger Levin.
Don't get hit with an I-9 fine
Don't get hit with an I-9 fineYou don’t want to be in the position of the New York dentist who was fined more than $5,000 for failing to present proper I-9 forms for employees at his dental office.