An accountant recently wrote an article appearing in a dental magazine suggesting that all dentists should plan to work at least five years beyond their planned retirement date...
Everyone has, at one time or another, given thought to “what if” as it relates to his/her choice of careers. For the average person the curiosity can be satisfied by merely changing jobs. This is not so, however, for dentists. The time, labor and the financial demands of a dental practice acts as an obstacle to commit the time and energy necessary for a career change.
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Laboratory expenses are very telling as to what is being done in a practice and what is not...
When you recognize the clinical and management compensation as an overhead expense, the overhead percentage should be 80% to 85% of annual gross collections for a well run general dental practice.
There are many different reasons for what seems like a perfect transaction to go bad.
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