Best practices for formatting financial statements Did you know that there’s no “right way” to format or present your practice’s financial statement? It’s true, there are several approaches that dentists can take when crafting a financial statement. What’s most important is that the statement is meaningful to you and is easy to understand and analyze….
Published by Alan Hill on November 23, 2020 Why You Need More Than A Dental Broker If you are thinking about selling your dental practice your first phone call might be to a dental broker to start the initial discussions about the selling process. But before you pick up that phone let’s discuss the difference between a dental broker and a dental transition…
Published by Doug Sellan on October 15, 2020 We’ve all dreamed about what we would grow up to be someday. For some of you, it may have been a professional baseball player. Others may have dreamed of becoming the President of the United States. And then there are those of you who may have only dreamed of one day becoming a dentist. Whatever…
Published by Matt Scherer on July 17, 2020 The journey of selling your dental practice is not an easy one and it can be emotional. Are you truly ready to sell your dental practice? Are you ready for any road bumps that might happen during the process of selling your dental practice? The process can be overwhelming, but a dental transition expert can…
Published by Doug Sellan on June 18, 2020 A common question our dental transition specialists are asked is “how long will it take for you to sell my dental practice?” There are so many factors that make it so hard to answer that question. Is your dental practice located in a rural area or a metro area? What is the size of your…
Published by Matt Scherer on June 18, 2020 It seems like there have been so many interruptions in our lives with the onset of COVID-19. Many dentists felt the impact when they had to temporarily close their dental practices. But as we begin the re-opening process, many dentists have started to contemplate if now is the time to sell, even if they were…
Published by Adam Goldsmith on May 18, 2020 Governor DeWine announced that dentist offices may start to reopen on May 1, 2020, as long as they have strict precautions in place to ensure their employees’ safety. In addition to wearing face masks, staggering start times and adjusting lunch breaks as some of the necessary precautions, there are some specific considerations that dental owners…
Published by Matt Scherer on April 24, 2020 PMA Practice Transitions, a regional dental practice advisory and transitions firm, announces the hiring of Adam Goldsmith as a transition consultant. The addition of Goldsmith will help with the continuous growth of PMA in the Indiana market and will help to better serve the needs of dentists looking to sell their dental practice. With a…
Published by Matt Scherer on April 13, 2020 The Labor Department announced that employers with less than 50 employees may be exempted from a provision in the Families First Coronavirus Response Act that requires them to provide emergency paid sick leave and expanded medical leave to employees in certain COVID-19 circumstances. This announcement was made on April 1, 2020, and dental practices are…
Published by Alan Hill on April 3, 2020 In these uncertain times, there are a lot of changes that lead to a lot of questions. We have enlisted Alan Hill, CPA, principal, and director of dental services at Rea & Associates, to answer some of the questions you have been asking about unemployment, the Emergency Family and Medical Leave Expansion Act (EFMLEA) and…
Published by Alan Hill on March 26, 2020