Client Center
BerganKDV

Dental

Orthodontic Practice Statistics Provide Benchmarks on Operating Costs and Income February 6, 2018 by BerganKDV Team
Orthodontic Practice Statistics Provide Benchmarks on Operating Costs and Income
The 2017 orthodontic statistics have been compiled by a team of BerganKDV accountants to help practitioners see how they stack up with their peers on metrics such as average income before owner compensation, fees received and a wage and fee survey.
Continue Reading
How 7 Industry Trends Could Impact Your Practice September 19, 2017 by BerganKDV Team
How 7 Industry Trends Could Impact Your Practice
The healthcare field is everchanging these days, and dentistry is no exception. It’s necessary for dentists to stay on top of industry trends to maximize their patient generation and retention to remain one step ahead of competitors. Changes such as nationwide policies affecting dental insurance will impact dentists no matter what. Other changes, like technological […]
Continue Reading
Setting SMART Goals to Grow Your Practice June 26, 2017 by BerganKDV Team
Setting SMART Goals to Grow Your Practice
Growing your business starts with understanding where you are currently situated in the marketplace. The 2016 dental statistics, compiled by a team of BerganKDV accountants, provide a comparison for dentists to analyze how their practices stack up with their peers. For more than 30 years, dentists and orthodontists have provided data on their practice operating […]
Continue Reading
3 Steps to Attract New Clients and Grow Your Dental Practice June 26, 2017 by BerganKDV Team
3 Steps to Attract New Clients and Grow Your Dental Practice
Many dentists shy away from marketing their practice or don’t see a good reason to market it, feeling it “cheapens” their practice or relying solely on referrals to get new business in the door. There are three things a dentist can do that will better market your practice and increase a patient load. First, your […]
Continue Reading
Dental Stats Provide Benchmarks to Improve Practice Management May 11, 2017 by BerganKDV Team
Dental Stats Provide Benchmarks to Improve Practice Management
The 2016 dental statistics, compiled by a team of BerganKDV accountants, provide a comparison for dentists to analyze how their practices stack up with their peers. For more than 30 years, dentists and orthodontists have provided data on their practice operating costs and revenue to BerganKDV. This data is compiled into a report showing average […]
Continue Reading
Equipment Expenses Can Produce Tax Savings December 6, 2016 by BerganKDV Team
Equipment Expenses Can Produce Tax Savings
It’s widely known that few service professions carry an entry barrier as high as that of dental practices, mainly due to the need for high-tech equipment. Fortunately, there are significant tax benefits available that allow dentists to greatly lower the net-of-tax cost. Even if no financing is involved and the related outlay is made in […]
Continue Reading
Meals & Entertainment Deduction December 6, 2016 by BerganKDV Team
Meals & Entertainment Deduction
As tax planning season is upon us, we wanted to outline the various deductions available to certain business expenses. Please contact a dental specialist at BerganKDV with any questions. 50% Deduction Employee travel meals Client meals Client entertainment (sports tickets, etc.) Employee conference meals 100% Deduction Meals for convenience of employees Non-meal expenses (transportation, lodging, […]
Continue Reading
Get Your Patients to Say “Yes” with Flexible Payment Arrangements September 21, 2016 by BerganKDV Team
Get Your Patients to Say “Yes” with Flexible Payment Arrangements
The median household income in the United States has dropped considerably over the past few years, causing the middle class to have less disposable income to spend on needed dentistry than in the past. With factors such as this, in addition to the fact that 89% of doctors are still operating below full (100%) capacity, […]
Continue Reading
Determining the Real Value of a Dental Practice September 21, 2016 by BerganKDV Team
Determining the Real Value of a Dental Practice
Determining the true value of a dental practice involves a plethora of considerations. There are two main approaches: the “academic” and “real world.” The academic approach is made up of scientific formulas, which can be translated to a written appraisal and used in court. This approach is best when it coincides with knowledge obtained through […]
Continue Reading
Tax deduction strategies for dental practices May 3, 2015 by BerganKDV Team
Tax deduction strategies for dental practices
The Need for Additional Retirement Savings and Reduced Tax Liability Many business owners and highly-paid professionals want to reduce their current tax liability by increasing their retirement contributions. In doing so, they must deal with IRS limits. The maximum 401(k) contribution for 2015 is $18,000 ($24,000 if age 50 or older) and an additional contribution, […]
Continue Reading
1 2 3