As a dental practice owner, your focus is primarily on patient care, and you may not have the time to tackle all the practice management-related issues required to run a successful practice.
That's why engaging advisors who provide industry expertise to help you make fact-based decisions is the best option. In every life stage of your practice (from start-up, through the growth phase, and eventual exit), you will benefit by partnering with an accounting firm that provides a consultative approach.
The SVA Dental Services team is excited to roll out the executive summary of our 2022-2023 salary and benefits survey.
This summary will help you benchmark your practice in order to ensure that you are best suited to attract and retain qualified staff, both now and into the future.
Business professionals need easy access to information to make timely decisions. SVA has what you need, when you need it. Choose a topic below or just contact us directly. Our expertise is ready anytime you need it.
By purchasing an existing practice, you are making money from day one. You have a staff up and ready to go, a client base, and a reputation in the community. Our experts can assist you with:
Whatever stage you are at in the buying process, we're here to help as your trusted financial advisor.
The main reason patients avoid going back to the dentist is because they don't have dental insurance. Offering dental membership plans provides a way for you to increase patient loyalty and decrease cancellations since patients have already paid.
Implementing a dental membership plan at your practice involves working with our dental experts to decide on:
Tax services are more than just filing this year's tax return by the deadline. Our advisors are well versed in all aspects of tax and the specifics of how tax laws impact dental practices. From tax planning and consulting to the preparation of individual, corporate, partnership, and trust and estate tax returns, we understand that managing your income tax liability is critical in managing your overall practice cash flow. Our experienced staff develops tax strategies geared to your financial situation to take advantage of new tax laws and legislation to help you meet all your personal financial goals.
Handling all your payroll, tax preparation, and bookkeeping needs in-house requires staff who are experienced in these functions, as well as the continual updating of your accounting software. These are time-consuming tasks which can be easily outsourced to an experienced provider. You can outsource as much or as little of the work and ensure there are adequate internal controls to avoid any risk of having the same people perform multiple duties.
Learn more about how outsourced accounting can help your business.
SVA’s Dental Salary and Benefits Survey will help you benchmark your practice to ensure you are best suited to attract and retain qualified staff, both now and into the future. Data includes salary ranges for key positions by years of experience and region, benefits information, and Bonus plans.
To learn more about SVA’s Dental Salary and Benefits Survey – click here
Understanding your practice's current financial data and what adjustments you can make to improve the bottom line will create greater profitability and increase the value of your practice. Our experts will work with you and your staff to:
Arriving at a dental practice valuation should be simple, but it is not. Several methods can be used and some are quite involved. Having an updated appraisal is not just necessary for retirement planning, it can help in impairment or even death. In many cases, your dental practice is often the most valuable asset you own. Anyone can render an opinion, but our dental practice valuation experts understand dental operations as well as intangible variables that add to the complexity of a practice valuation—expertise that can only be gained through experience.
You have finished school and are ready to start your dental practice, or you work for an existing practice and are prepared to branch out on your own. Before you get started, there are decisions to make that will truly shape your dental practice path. We will work closely with you to develop the right plan and provide continuous support throughout the process.
Whether you are reaching the point of retirement or are transitioning to another stage in your career, we will assist you on your path to success and peace of mind. From dental practice valuation to consultation regarding contract terms, we ensure that your personal financial goals and objectives remain our number one priority as we offer full and professional assistance along the journey. To get top dollar for your dental practice, you need to ensure it is at maximum profitability. SVA can help you determine that by evaluating a few key areas including:
Check out our Top 10 List on ways to grow your dental practice, including ways to increase revenue, referrals and productivity.
Are you preparing to buy or sell a practice? Start with our checklists so you don’t forget important factors to consider during the process.
You’ve realized your dream of owning your own practice. It’s exciting to focus on helping patients and using your passion and skills to provide excellent care. To be successful, you need to also focus on the business side of the practice. This eGuide provides an overview of the ten areas that have the most impact on your practice profitability.