Upcoming Webinars:
There are no upcoming webinars at this time. Check back soon.
Preparing for 2025: Your Guide to Year-End Tax Planning
As the year wraps up and we move beyond the election outcomes, it's time to focus on a vital aspect of your financial well-being: Year-End Tax Planning. The landscape may have shifted, but don't worry—our team of tax experts is here to provide the most current and relevant information. We're here to guide you through the 2024 tax planning process with confidence, setting you up for a stress-free transition into 2025.
Optimize Your Practice's Retirement Plans
Setting up a retirement plan for your practice can be a significant advantage for both you and your employees. It not only facilitates future savings but also enhances your ability to attract and retain top talent. Additionally, a well-structured retirement plan offers substantial tax benefits, potentially including tax credits under the SECURE 2.0 Act for implementing a 401(k) plan.
If your practice already has a retirement plan, it’s crucial to regularly review it and compare it with other available options. Are you using the most advantageous plan for your practice’s needs?
Key Insights for Hiring an Associate in Your Practice
Hiring an associate is a pivotal decision that can shape the future of your practice. It’s not just about bringing in additional hands; it’s about enhancing the quality of patient care, expanding your services, and ultimately boosting your practice's growth. Before making this important move, it’s essential to thoroughly consider how an associate will integrate into your existing team, affect patient relationships, and impact your financial bottom line.
Ensuring a Healthy Future: Strategies for Seamless Owner Recruitment and Retirement
Effective owner recruitment and retirement strategies play a crucial role in sustaining the success and continuity of dental practices. An engaged and supportive owner base can fuel your practice's growth, uncover new opportunities, and enhance overall performance. Don't miss this chance to shape the future of your dental practice and take a proactive step towards unlocking the potential of successful owner recruitment and retirement.
Drive Practice Growth with the Top KPIs You Need to Track
Tracking KPIs (Key Performance Indicators) is vital to accurately gauge the health of your dental practice. From hygiene production to collection percentage, analyzing your KPIs can make the difference between dominating your market and lagging behind your competition. Watch and learn how using these metrics can increase your practice profitability, improve efficiency, and help you grow your practice.
Examining the Impact of Private Equity on Dental Practice Valuation
In recent years, private equity has emerged as a formidable player in the dental industry, bringing with it new dynamics and complexities when it comes to dental practice valuation and dental practice sales and acquisitions. Knowing the truth about private equity’s impact on the dental marketplace can empower you to make informed business decisions.
Get Ready for a Buy, Sell, or Owner Transition Scenario
A transition in your practice requires a lot of planning. Whether you are buying a new practice, selling an existing practice, or transitioning owners in or out of the practice, you need to plan ahead to achieve the best results. SVA’s team discussed key considerations for this important stage in the life of your practice.
Current Trends for Dental Practices
How your peers are handling current trends can provide you great insights into ways for you to adjust for the current economic climate. Our team discussed trends and considerations for your practice as you wrap up 2022 and look forward to next year.
Implementing and Monitoring Dental Membership Plans
Dental membership plans provide an alternative to dental insurance and address the primary barrier to increasing new patient flow and practice growth. A membership plan can provide you with predictable recurring revenue. Learn how offering a plan can help your patients and your practice.
Provider Relief Funding Reporting Requirements
The U.S. Department of Health and Human Services (HHS) has reporting requirements for the Provider Relief Fund (PRF) program that many dental offices received. There are deadlines for use of the funds as well as reporting deadlines. You will want to make sure you report correctly to ensure you are in compliance with the reporting rules.
Employee Retention Credit, PPP Loan Forgiveness, and More
The Employee Retention Tax Credit is a valuable tax break and eligible employers can claim the refundable credit against applicable employment taxes equal to 70% of the qualified wages it pays. Don’t miss out on your share of this valuable tax credit.
Myths and Facts About Health Insurance for Your Practice
Obamacare, Affordable Care Act, Trump tax cuts... All companies must offer health insurance, none have to. What’s going on with health insurance! Our panel of experts helped debunk the myths and gave you simple facts you needed to know about health insurance.
10 Ways to Improve Profitability and Drive Growth in Your Dental Practice
Profitability is the critical success factor for every practice. Productivity is important, but profitability is the true measure of your practice’s financial health. Implementing and aligning strategies to measure profitability and growth in your practice doesn’t have to be complicated.
Clarifying the Rules on Sales and Use Tax
Understanding what is taxable can be complicated. Do you know when you need to collect and pay sales and use tax? It is not as straightforward as you might think. Some dental products and services are taxable and some are not. Make sure you understand the difference so you don’t pay too much or too little sales tax.
Hidden Tax Opportunities for Dental Professionals
As a successful dentist, you’ll certainly pay your share of taxes but without a good understanding of tax benefit strategies, you may be paying too much! Navigating the nuances of tax reform can be time consuming. In this webinar, we covered some tax saving tips for dental practices to help determine if you’re maximizing the options available to you.
Top 5 Things You Need to Know as a New Dental Practice Owner
Is owning a dental practice in your future? You’re passionate about your career and now you are ready to create a thriving and successful practice. Choosing the right entity to create a sound financial framework and minimize taxes is the first step. This webinar covered a few of the things you need to know to get started on the right path.
Looking to Purchase a Dental Practice?
When you purchase an existing dental practice, you adopt the staff, the client base and a reputation in the community. It’s an exciting time in your career. Start the process early, as there are many considerations to ensure you achieve your financial goals and objectives.
Looking to Transition Out of Your Dental Practice?
Whether you are reaching the point of retirement or are transitioning to another stage in your career, planning and preparation will help with a smooth transition of your dental practice. From valuation to contract terms, there are many considerations to ensure you achieve your financial goals and objectives.
Employee Incentive Plans and Bonus Structures
Bonus plans can be an effective way to incentivize staff to help your practice meet their goals. The bonus structure must be attainable and flexible enough to keep the bonus motivating for employees. Know what your goals are, and the financial impact, before you set a plan in motion.
What is My Practice Worth? Valuations as Value Drivers Before a Transition
Each dental practice is unique and has many differentiating factors to consider when determining the true value. Knowing the value of your practice, how that value was arrived at, and how to maximize that value are important value drivers for owners of dental practices. Arriving at a value for your dental practice is an integral part of your succession and retirement planning. Get a valuation in time to make changes that could impact your sale price.
