News

  • October 7, 2020 News

    Making meaning of dental practice valuations during the viral pandemic

    by Bruce Bryen, CPA, CVA As the pandemic continues and more and more dental practices are suffering financial and emotional losses, owners of these practices are being subtly forced into selling their offices.  The trauma of day to day ownership and its worries about employees, patients, cleanliness of the office and the monetary fallout from these problems have created in their minds, a “no win,” situation for many of these owners.  Having reached the point of n[...]

    By: READ POST
  • September 15, 2020 News

    Understanding the significance of dental practice valuations during covid-19

    by Bruce Bryen, CPA, CVA While always important, during the pandemic, the “buyer beware,” phrase takes on more meaning.  Who would acquire a dental practice without some due diligence?  During the period of the virus’s economic effect on all businesses, it is especially important for the review of the dental practice valuation and the significance it plays on the soon to be made purchase.  The potential buyer will certainly have his or her dental CPA an[...]

    By: READ POST
  • August 17, 2020 News

    Dental Practice valuations during covid-19

    by Bruce Bryen, CPA, CVA What a financial and emotional beating dental practices and their owners have taken during this pandemic.  Patient revenue has dropped substantially. Layoffs have taken place with employees.  Overhead expenses remain as well as monthly obligations for equipment loans, rent and other fixed overhead items while the toll was being taken on the practices and owners’ lives. Many of those dentists who were readying their practices for transitions[...]

    By: READ POST
  • June 10, 2020 News

    Divorce, Bankruptcy and Mediation as some Results of the Coronavirus and Approaches to Solving its Problems

    by Bruce Bryen, CPA, CVA Whoever thought that the dental profession would be faced with a pandemic of this article’s title’s proportion that ultimately could produce any of the three points mentioned?  When the world of dentistry was looking at consistent continued growth, income and reputation building, all of a sudden there was the coronavirus and the implications of what came with it.  There were tensions building, staff layoffs and locking down at home while [...]

    By: READ POST
  • May 11, 2020 News

    Comparing some Advantages and Disadvantages of the S Corporation to the LLC

    by Bruce Bryen, CPA, CVA This is a topic that is extremely important to those dentists who may be receiving advice from their dental CPAs or other financial advisors.  Incorrect advice may cost thousands of dollars in tax both on a federal, state and local level. The primary and most significant short and long term effects of the differences of each will be part of this article.  There are many aspects of each that are similar.  Those similarities will not be ad[...]

    By: READ POST
  • April 15, 2020 News

    The corona virus and the financial struggles caused by it

    by Bruce Bryen, CPA, CVA Almost all the dental practices in the United States have been advised to close their offices by either their local dental organizations or by the ADA. Additional advice has been to lay people off and to cut expenses to the maximum. Those still maintaining an office presence are doing so with a minimal staff.  The essence of the organizations and financial advisors advice has been to do what it takes to retain as much cash as possible. The money s[...]

    By: READ POST
  • April 15, 2020 News

    The Pros and Cons of married or partnered dentists who work together:

    by Bruce Bryen, CPA, CVA This topic is a matter of grave concern for the dentists, the dental practice and   families of those dentists who fit in with the above title.  For the dentists who have been involved with a start up or an acquisition, working together provides considerable positives and negatives for all of those involved with this possibility.  One of the most difficult personnel choices for the dental practice is the hiring of licensed dentists [...]

    By: READ POST
  • April 15, 2020 News

    Accounting for goodwill in a transition, divorce or potential partnership transaction

    by Bruce Bryen, CPA, CVA For a dentist who is involved in a transition, divorce or potential ownership position, the accounting for goodwill is of the utmost importance.  It has a tremendous bearing on the reputation of the dental practice. It is also a valuable asset when it comes to determining the tax ramifications of a transition to a potential buyer and to the seller, whether that may be a partnership situation or an outright sale.  During divorce proceedings, t[...]

    By: READ POST
  • January 13, 2020 News

    Advice on the Acquisition of a Dental Practice

    by Bruce Bryen, CPA, CVA Advice on acquiring practices that are low gross revenue/ start ups or high grossing:    Which of the above makes the most sense and why? Let’s analyze which of the above scenarios gives the dental practice buyer the best chance for success over the short and long term.   Some will look at a low grossing revenue practice and think that it would be easy to increase the revenue.  Methods to do so may be by increasing the[...]

    By: READ POST
  • January 8, 2020 News

    The DSO: Comparing start ups to those operating and successful

    by Bruce Bryen, CPA, CVA The start up DSO from the perspective of owners, the management team and professional employees, has a risk in maintaining an adequate capitalization base in the short term but especially in the long term. A positive line of communication between management and the professional team is a must for the DSO. From a professional dentist’s point of view when the DSO is not funded properly, the ability to have enough supplies on hand, money for payroll and[...]

    By: READ POST
LOAD MORE No More News