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Please note the following tax due dates on your calendar, and come back often to keep up with the changes.
It’s important to know the health of your dental business and furthermore how to achieve your goals that you have set for your practice. We offer the latest in practice management reporting and have streamlined our client’s accounting systems. We’ll take complicated dental accounting and bookkeeping tasks off your hands, saving time and resources so you can devote more time to your patients. We understand that every dental practice is looking for ways to reduce costs and improve daily operations, so we provide a number of practice management consulting services. With our assistance, you always know the pulse of your practice.
As qualified CPAs, we’re very familiar with the current tax laws and how they can impact tax liability for dental practices. Our highly effective tax planning strategies will ensure that your practice is taking advantage of all available deductions.
Cash Flow- The Life Blood of Your Practice
A wise business owner once said, "Happiness is a positive cash flow."
As a practice owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.
A cash crisis can be emotionally devastating and it can even kill your practice. If you've ever had to beg, borrow, and steal to cover tomorrow’s payroll, you know what I mean.
Our cash management service allows you to...
The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your practice needs.
We also prepare historical cash flow statements to help you gain an understanding about where all the money went.
Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...
We realize that being a successful dentist requires a hands-on, year-round commitment from your dental financial expert. We invest in our clients and take a vested interest in always providing the right solutions for our client’s needs at the right time. Proactive tax planning, guidance, consulting in real-time and much more are critical to an effective and profitable practice. Our in-depth knowledge of business and accounting allows us to provide you with opportunities to improve your practice. Not only are we experts in the accounting field, but we also possess unique expertise in helping dentists run their practices better.
Some of these accounting services we provide are:
QuickBooks is the ideal business accounting software for small to mid-sized business owners, such as your dental practice. It aids in the accuracy and efficiency of the corporate tax return by allowing the user to enter deposits, write checks, pay bills, create payroll, and reconcile their bank accounts easily from the convenience of one software. Using the proper accounting software provides critical insights to the health of your practice.
While QuickBooks for dentists is a user-friendly, day-to-day software, configuring it properly to produce valuable information requires the insight of a dental CPA. Kleiber & Associates CPAs can help set-up the accounting software effectively, as well as support its ongoing development, to foster informed decisions about your practice now and into the future.
Retirement Planning and Administration
Retirement planning is important for you and your staff. As a dentist, you’re already facing student loan debt, a higher tax bracket, insurance costs, equipment and technology fees, as well as a host of expenses associated with owning your own practice. For you, having a trusted partner who KNOWS dentistry is vital.
Your practice will be a culmination of your blood, sweat & tears. Having an accurate practice valuation is an important step in protecting your best interests. For dentists, knowing the value of your dental practice is critical when you are planning any type of practice transition including a sale, bring on a partner, buying a new practice, planning for your retirement, and more. We also provide business restructuring, tax consequences, retirement projects, and tax projections.
Tax planning doesn’t start toward year-end. Tax planning is an all year endeavor. Solid financial advice from a dental CPA firm that understands how changing tax regulations can impact oral healthcare businesses is essential to every practice. Kleiber & Associates, CPAs is experienced in working with all types of dentists and has unique insight on how to formulate a tax strategy that will bring your practice maximum savings. Our comprehensive knowledge of the current tax laws combined with our professionalism and integrity ensures that your practice is always in compliance and that you never pay more than you truly owe. We provide a customized plan for your practice, personalized just for you. We offer advice and insight as rules change and as better and more cost-effective strategies and solutions become available. We make sure to be accessible to our clients whenever they have questions or concerns about how important financial decisions could affect their tax liability. Just as you strive to provide the very best in patient care to your clients, we go the extra mile and provide you with the best possible financial care to help your practice to be successful.
Payroll is a necessary part of owning your own company. You have employees. Those employees need to get paid. However, calculating payroll taxes, avoiding tax penalties and issues, even calculating retirement or insurance premiums can all be a complex mess and can lead to fines or even civil or criminal charges. Why not let us take care of that for you? It will save you the time and stress so you can concentrate on what you do best, running your practice and treating your patients.
Part-time CFO Services
If you're fortunate enough to be in this position, then we have the perfect solution for you. Our Part-Time CFO service gives you a professional financial manager who works with you to help guide your business to success.
The cost of hiring a full-time CFO can range from $60,000 to over $100,000 per year plus bonuses and benefits. Our Part-Time CFO services provides you with experienced support at a small fraction of that cost. Even small dental practices can benefit from this kind of expertise, but they typically can’t afford to hire someone of that caliber full time. A skilled chief financial officer offers the sound analysis and financial planning that practices must have in order to thrive in today’s competitive business environment.
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.