Did you know over 60% of small business owners feel they are not deeply knowledgeable about accounting or their finances? If you have ever felt this way, you are not alone. According to the ADA, less than 10% of dentists can retire at the age of 60 and achieve their desired standard of living!
These reasons, and many more, are why partnering with TSAT for finance decisions in your dental practice is an amazing idea.
Dental practice accounting and bookkeeping are an essential part of any dental practice. Some of these can include Financing a dental practice: this is a big step and a qualified dental accountant assists the dentist know the financial implications of it all from the expense to the property tax on any potential premises, to the human elements, such as payroll, staff costs, advertising and other revenue boosting methods. Other factors that affect the bottom line are insurance costs and overhead. Dental practitioners will often find themselves with a multitude of bills to pay and many times a bill can go to collections before the balance has been paid.
Furthermore, dental practice tax planning and retirement plan audits are likely to increase in the future years as the population ages. The overall
health and wealth of U.S. citizens is expected to decline. To compensate for this, the government is providing tax relief for those who are willing to protect their savings for the future. One of the best ways to do this is through dental plans and a tax accountant. They can help you with any or all of your options.
Now you may be reading this and thinking, “we have a bookkeeper”. Partnering with TSAT, your bookkeeper can continue to perform the same duties as she or he does for your office, handling appointment schedules, client contact information, receiving payments, and other routine tasks. TSAT will fully integrate into your practice using a central hub for your team and our team to access any necessary operational and accounting programs.
Ready to partner with TSAT? Accounting with TSAT is the trusted solution! Let TSAT’s team amaze you by providing:
- Dental Practice Management Consulting
- Dental Revenue Cycle Management
- Dental Practice Financial Health Reviews
- Dental CFO Services
- Dental Payroll Services
- Dental Bookkeeping & Accounting Services
- Dental Cash Flow Monitoring
- Dental Reconcile & Review Services
- Business Tax Returns for Dental Practices
- Personal Tax returns for Dentists
Over the years, TSAT has become a trusted ally for many dental practices such as yours. Reach out today to meet your new CFO!
Schedule a FREE Consultation today! TSAT Dental Application
Contact us! Accounting with TSAT is the Trusted Solution!
Phone: (417) 208-2858
Email: email@example.com or firstname.lastname@example.org