Advice for New and Current Investors

Advice for New and Current Investors

As of the time this blog is being written, the stock market is in the “green” and all is looking good for an incredible finish to a record breaking year for the American stock market. This has certainly been a historical year for the stock market and the American economy as a whole. As most everyone knows, stock markets around the world reflect, to a tremendous degree, the impact and value of investments that have been made in companies, new innovations, and inventions throughout the year. ......
Avoiding Employment-Related Lawsuits as a Dental Practice

Avoiding Employment-Related Lawsuits as a Dental Practice

One of the challenges of being an employer is the responsibility to your business and patients to prevent employment lawsuits. The focus of any great practice is providing the best care possible to your patients, and the last thing you want is an employment lawsuit distracting from your primary purpose. Unfortunately, these lawsuits are more common than you may think and are not only reserved for careless employers.

There may be ways you have been unknowingly putting yourself as an ......

How to Reduce the Risk of a Partnership Failing

How to Reduce the Risk of a Partnership Failing

In any partnership, a lot goes into success. Each person needs to work with the other to make the partnership work properly. Dental practitioners often find numerous benefits of working together. A dental practice partnership can prove beneficial in allowing the practice to maintain competitiveness as the cost to maintain technology continues to rise. It can also aid in managing flat or decreased reimbursement rates. In some areas, these partnerships are critical for competing with greater competition within the local ......

Are You Overpaying for Your Payment Processor?

Are You Overpaying for Your Payment Processor?

Have you noticed your credit card charges rising monthly? Most statements are hard to read and are meant to keep you in the dark. Each credit card used for payments has a certain wholesale cost that is paid to MasterCard, Visa, Discover, and American Express. Every credit card processor has to pay these mandated fees. The wholesale cost goes to the issuing bank. The cost difference is what the credit card company puts on top of wholesale. ......
Taking a Strategic Break For a Strong Finish

Taking a Strategic Break For a Strong Finish

We frequently hear comments around this time each year about how quickly the year went by. “Where in the world did the year go?” “I can’t believe the year went by this quickly!” “Where did time go?” The fact of the matter is that life moves along at a breakneck pace and seems to pick up speed all the time. Most of us will certainly find this to be the case as we get older. However, now may be a good time to call a strategic “timeout” to assess our success this year. In other words, how do we think we have performed in all facets of our life throughout the year? This assessment should include all areas that are of major importance to us personally and professionally. Our discussion today will focus on the importance of taking a strategic timeout to do two things which can lead to success. ......
The Difference Between W2 and 1099 Workers

The Difference Between W2 and 1099 Workers

In the healthcare industry, you may come across a variety of different types of workers. You will see regular W2 employees, as well as some 1099 independent contractors. It can be tricky to determine how to classify them. However, it is very important to identify them correctly. The IRS and Department of Labor have been cracking down on violations regarding misclassifying employees, so now, more than ever, you want to be sure you have all employees identified correctly. ......

Is Your Accountant Proactive or Reactive?

Is Your Accountant Proactive or Reactive?

Do you have a proactive accountant, one that is preparing for the good and bad that may come in your future? Many dental offices don’t think much about this until there is a concern that needs to be managed effectively (and sometimes quickly). Consider what a financially successful dental practice looks like. This is an organization that can handle periods of downtime, such as when a pandemic makes it impossible to provide services to clients. In some cases, this type ......