Crucial Steps to Take After You Acquire Your New Practice
Congratulations – you’ve just purchased your new dental practice and eager to start working and making money. But before you move forward, it’s important to ensure that you plan out your transition properly so that your journey is nothing but smooth sailing.
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How Your Lease Agreement Affects the Value of Your Practice
Part 2
In Part 1, we listed the first 6 of 12 important clauses that will affect your practice lease, as well as the current or future value of your practice.
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How Your Lease Agreement Affects the Value of Your Practice
Part 1
Your practice’s lease is probably the most important contract you will ever sign during your career – so it’s important to get your clauses in order!
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Factors that Affect the Value of Your Practice
1: Hygiene
Quite regularly, we get asked this one question: “The annual billing of my practice is ‘this’, what do you think the value of my practice is?” Most of the time, I can’t help but smile and return the question with another question; “What do you think is the value of your practice?”
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Do I Really Need a Broker to Sell My Practice?
Let's say you're contemplating selling your dental practice in the near future - or maybe it's a more urgent course of action you need to take. If you've given it any thought, you might have considered selling your practice yourself. After all, that will save you a generous amount of money, right?
Think again.
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Liberal’s small business tax change plan: how will you be affected?
The Canadian government is planning on closing loopholes that have apparently allowed high-earning business owners (including dentists) to avoid paying higher tax rates.
Finance Minister Bill Morneau claims that the proposed tax changes are about making the system fair, as opposed to generating revenue for the government.
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