
Hosted by Art Wiederman · EN

In this episode of The Art of Dental Finance and Management podcast, Art provides general dental industry updates and trends, as well as tips to help dentists operate their practice more profitably. Art covers timely topics affecting dentists including: • HHS Provider Relief Funds• Employee Retention Credit• DSOs• PPOsReach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist.Being more strategic in all aspects of your dental practice will lead to increased profitability. https://www.eidebailly.com/industries/health-care/dentists#chatForm

In this episode of The Art of Dental Finance and Management podcast, Art meets with Dr. Summer Kassmel, dental practice owner and business coach for dentists. Art and Dr. Kassmel discuss important HR topics affecting dentists including how to:• Navigate the “Great Resignation” trend • Communicate with staff• Attract and hire high-caliber employees• Create a dynamic workplace culture Reach out to Art if you have any questions regarding dental finance and management for your dental practice. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist.Being more strategic in all aspects of your dental practice will lead to increased profitability. https://www.eidebailly.com/industries/health-care/dentists#chatForm

With all the changing legislation and updates to the various relief programs, it’s important for dentists to stay informed. Although it may seem complex, Art helps make sense of it to help you with strategic tax planning and maximize profitability in your practice. In this episode of The Art of Dental Finance and Management podcast, Art updates dentists about the new HHS Provider Relief Fund reporting requirements. In addition, there may be other potential changes coming in the PPP program, as well as a proposal for a second round of PPP loans. Eide Bailly will continue to monitor changes in government programs and tax law to best inform dentists to better manage their practice. Art also discusses other financial topics impacting dentists and what they should be considering: · Deducting PPP expenses · Tax planning during uncertainty · Accelerating income · Deferring deductions · Contributing to retirement plans · Purchasing equipment in 2020 (as opposed to 2021) Have a question about year-end tax planning for your dental practice? Reach out to Art awiederman@eidebailly.com or 657.279.3243. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist. If you haven’t yet completed our R&D Tax Credit Questionnaire to see if you might be eligible to receive R&D tax credits, we encourage you to do so. Our September 16 episode includes valuable information to help dentists understand how innovative activities they’re doing in their practice might qualify them for an R&D Tax Credit.

As year-end approaches, tax planning preparation becomes increasingly important. Dentists who’ve received HHS Provider Relief Funds, or the SBA’s PPP or EIDL loans certainly need to keep good accounting of any funds received to help them financially through the COVID-19 shutdowns. To maximize tax savings, dentists need to be proactive and keep tax planning and preparation top-of-mind, especially this year. Properly tracking and documenting expenditures is paramount. In this episode of The Art of Dental Finance and Management podcast, Artmeets with colleague, Scott Haberman, CPA. Scott is a Partner on the Eide Bailly Dental Services team, helping dentists navigate the operational and tax implications of their practice. Art and Scott provide updates on the HHS Provider Relief Fund, what Congress has been working on that may affect dentists, as well as the important issues to consider regarding your 2020 tax planning. For any questions about any tax planning or any dental finance issues, Art is here to help you. His contact information is awiederman@eidebailly.com or 657.279.3243. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist.