The Dentistry Professional Corporation (DPC): Is It Still Worth It?

Profit and dentists

For most dentists in Ontario, incorporating is the single most powerful tax deferral tool available. However, many associates and new practice owners ask us: “Is it worth the extra paperwork?” The answer lies in the Small Business Deduction (SBD). The Deferral Advantage As a sole proprietor, your income is taxed at your personal marginal rate, […]

When Dental Practice Needs Experienced Dental Accountant

need accountant

Accounting refers to the systematic and detailed recording of financial transactions of a business. An accountant is a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis. Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, […]

Dental Bookkeeping Mistakes That Could Be Costly To A Dental Practitioner

Bookkeeping Mistakes

Running a successful dental practice is as tough as becoming a dentist itself. To become a dentist, one must go through a long and strenuous process that requires a lot of hard work, determination and above all studying. All this hard work does not stop once a person graduates, and if someone desires to run […]

Why Dentists Don’t Make The Profit They Should Do

[vc_row][vc_column][vc_column_text] Why dentists don’t make the profit they should make Most dentists are experts at their craft. They know how to keep teeth healthy. However, most dentists are unaware of the proper steps to create and maintain an accurate bookkeeping system that allows them to understand the true financial health of their business. Could your […]