Money

Beware the unclaimed funds auditIn this month’s From the Office Manager’s Desk column, Jill Nesbitt describes her practice’s experience with an unclaimed funds audit and explains why it’s important for every practice to have an organized system to handle patient refunds.
Is your dental practice losing its value?If you’re thinking about selling your practice in a few years and to enjoy your retirement, you’ll want to get as much out of the sale as possible. Here’s what you need to know to make that happen.
Are you really ready to sell your dental practice?Faux retirement is common for many dentists. How to know it’s really time to sell your practice, and how you can help ensure you get what it’s worth.
Try a New Year’s revolution for your practiceWhat you need to know for a successful 2013.
Preparing to sell your practice or purchase one? Read this first.The current outlook suggests that while there is an abundance of qualified buyers available, quality dental practices on the market are lacking.  
Dental technology and taxes As we get closer to the end of the year, dentists often ask about how major technology purchases will impact their taxes. Applications such as lasers, CAD/CAM restoration systems, digital and cone beam radiology are large investments, and dentists who work closely with their CPAs can strategize to maximize the tax benefits of purchasing them. Capitalizing on Section 179
The Roth IRA conversion gamble? It’s 2010, and it’s official. With the advent of the new year, we also face an intriguing new tax-planning option, one that offers us both opportunities and challenges, especially during 2010–2112. It’s the arrival of new IRA-to-Roth-IRA conversion rules. Now that they’re here, it’s worth taking a bit of time from the bench to consider what they mean to you, your wealth, and your retirement and estate planning needs.
Tax changes for 2010 As I write, Massachusetts is sending a Republican Senator to Washington, D.C. for the first time since Edward Brooke served from 1967–1979. What’s this got to do with tax-law changes? A lot! Without making any political commentary, the facts are:
Should you open that door? You can’t talk strategic planning without talking statistical interpretation of success, and you can’t talk statistics all by yourself. In the small business of dentistry, it is essential to keep the staff educated and engaged in your vision, values and strategies. That requires forwarding the concept of open book management as a key practice management tool. An open book? Open book management is when businesses share key financial and strategic details with employees.