Monthly Archives: August 2016

Dental Practice Coaching for Productivity Improvements

Dental RoomThis week’s webinar series will be provided by one of the leading dental practice management consultants, Debbie Seidel-Bittke, and the focus will be on dental practice benchmarking for the hygiene department.

The educational webinar series is designed to raise the bar for dental practice coaching from a financial performance perspective.  Everything from tax minimization to managing risk to higher levels of production by pooling together information for best practice management.

Debbie and her coaching team at Dental Practice Solutions focuses on dental hygiene performance improvement.  She has written several books and been helping practices improve production for over sixteen years.  Prior to founding Dental Practice Solutions, Debbie was a professor at the University of Southern California for over twenty years.

Logo - PNGThe Dental Accounting Association is network of CPA Firms focused on improving the financial performance of dental practices in North America.  Our collective focus is minimizing taxes legally by taking advantage of the tax laws on the books and providing financial management best practices for dentists.  Collectively, our group provides dental practice benchmarking and coaching related services through our network of partners and industry experts.

All members of the Dental Accounting Association provide their service on a fixed fee basis (no hourly billing surprises) and the fees are much more reasonable.  Our CPA members focus on dental practices generating less than $2 million dollars in sales.  We also provide a new dentists program recognizing the different needs of our industry from dental school to corporate dentistry to buying their first practice.

Cost Segregation for Dental Practices

Dentist explaining x ray picture to patient

Dentist explaining x ray picture to patient

In our weekly webinar series, the Dental Accounting Association learned about enormous tax savings opportunities for dental practices by leveraging cost segregation.

The webinar thoroughly covered how most dentists have missed out on opportunities to shorten depreciation time, which in turn lowers income tax obligations for commercial real estate.  Surprisingly, the requirements to qualify were very simple and straight forward.  And the building size does not need to be large.

While cost segregation can be performed at any stage of ownership, our industry expert highlighted that it is best prior to construction for the maximum tax savings.

During the webinar, several examples were provided for dental practices with 2,000 to 5,000 square feet and the savings were shocking.  Based on our new partnership with the cost segregation leader for dentists, the Dental Accounting Association is eager to capitalize on these tax savings.

Logo - PNGThe Dental Accounting Association is a collaborative group of CPA Accounting Firms that are laser focused on tax savings for dentists.  Cost segregation will become a foundation for attaining lower taxes.  In addition, our Dental Accounting Association members provide benchmarking and dental practice coaching services designed to improve financial performance.  Each member of the Dental Accounting Association provides fixed fee services (no hourly billing) and works with all types of dentists.

Visit the Dental Accounting Association to learn who the Dental CPA Firm is in your area.

Dental CPA Webinar Series – Dental Practice Lawsuits

Dental imageFor our fourth webinar this month, the Dental Accounting Association learned about the top ten legal minefields for dentists.  Wow, it really opened our eyes.

To better educate our Dental CPA’s, Ali Oromchian was gracious enough to share insights, solutions and best practices.  Ali is one of the nation’s leading legal authorities on dental law issues.  He is a regular speaker at the American Dental Association’s Annual Conference, California Dental Association, SIROWORLD, and countless other conference, dental study groups, etc.

Topics ranged from medical malpractice to employment law to arbitration and mediation.  Thanks Ali Oromchian and HR for Health, the leading human resource for doctors.

The next Dental Accounting Association webinar will focus closer to our specialty, saving dentists taxes on real estate projects using cost segregation.

If you are a CPA Firm focused on dentists and would like to differentiate your services locally, we would like to here from you.   Contact us here.

Dental CPA’s Focused on Tax Savings

To drill even deeper on tax saving opportunities for dentists, the Dental Accounting Association is hosting a series of educational webinars ranging from dental transitions to cost segregation.  In some cases, the webinars have been designed to better protect dentists from outside creditors and lawsuits.

Logo - PNGOver the next three weeks, six webinars are scheduled to raise the bar on ways to minimize taxes, avoid dental lawsuits, and protect the practice from malpractice lawsuits from leaders within the dental industry.

The Dental Accounting Association is a collaborative group of CPA Firms that are focused on tax savings for dentists along with financial best practices ranging from dental benchmarking to dental practice coaching.  Each member of the Dental Accounting Association provides fixed fees (no hourly billing) and works with the dental specialists such as:

Dental RoomDental Law Firms

Dental Practice Insurance

Dental Practice Cost Segregation

Dental Practice Management Coaches

Dental Loan Providers

Visit the Dental Accounting Association to learn who the Dental CPA Firm who you should contact.

Dental Practice Benchmarking – Dental Tax Coaching

Logo - PNGIn an effort to elevate dental financial management, the Dental Accounting Association will be providing a webinar on August 10th regarding financial benchmarking for dental practices and key performance indicators (KPI) that are critical within the dental industry by type of dental practice.

The member firms within the Dental Accounting Association are searching for opportunities to improve performance within dental practices by quantitatively measuring performance standards, cost measurements and sharing best practices.

The August 10th webinar features Dustin Shively, owner of OverWatch Dental CPA’s, which is a leading dental CPA Firm servicing dentists throughout the United States.  Prior to starting up his own dental cpa firm, Dustin worked for a leading Midwestern CPA Firm with a focus in the healthcare sector.

To build upon this webinar, the Dental Accounting Association will also have a webinar on dental practice management featuring Debbie Seidel-Bittke on August 31st.  Debbie is owner of Dental Hygiene Solutions and will share her dynamic strategies for dental practice growth through dental hygiene.

This webinar is limited to members of the Dental Accounting Association, which consists of fifteen (15) CPA Firms dedicated to raising the bar for small and medium sized dental practices.

Reputation Marketing for Accountants – Critical to New Client Acquisition

Most accountants tend to think of reputation management as crisis management.  In other words, it’s reactive and only done after a terrible review is posted.  This is the wrong position to take…

Reputation marketing is proactive and done consistently over time.  In the world of small business, there is no JD Power or Consumer Reports to tell the marketplace who is the best lawyer, doctor or accountant in town.  By default, your local reputation is the culmination of online reviews posted into Google, Yelp, Intuit’s Find-a-ProAdvisor and maybe a couple other websites.

We all use online reviews to make purchase decisions and avoid bad experiences.  Whether it’s selecting a movie to watch, book to buy, stay at a hotel, or eat at a restaurant on the road.  Some of us look at the absolute number of reviews, some look at the score, and some take the time to read the actual reviews.  In today’s economy, the sum total of these reviews paint a picture about your accounting practice.  It is what it is…

For accountants, you need to focus on the top two or three.  Ignore the smaller players.

  • Google
  • Yelp
  • Intuit Find-a-ProAdvisor

Google is a math oriented company so they push for the absolute number of reviews and score.  If you do a great job obtaining Google reviews, it will make it easier to acquire new clients, reinforce your reputation with existing clients, and make it easier to hire new staff members.  Yes, your reputation cuts across prospects, clients and staff members.

Yelp is more qualitative and community oriented.  They are looking for passionate Yelpers to post online and share their experience and treats Yelpers like a food or movie critic.  The longer and more descriptive the write up, the better.

The third player to consider is Intuit’s Find-a-ProAdvisor which is designed to help small business owner’s locate certified QuickBooks accountant.

The combination of these three reputation tools will have a huge impact on the community at large.

Here are three examples of accountants who use reputation marketing to support their accounting practice.

Chahal & Associates53 Yelp reviews in Northern California (East Bay) – 29 in Yelp’s filter

Yelp - Aug 16



James Castaldo CPA & Associates21 Google reviews in Lake Grove NY – 15 Google reviews in Melville (two offices)

Google rev - James C









Gheen & Co CPA27 Intuit reviews in Colorado Springs, CO – 27 Intuit reviews in Denver

Intuit - Gheen Aug 2016