A dentist running a Dentistry Professional Corporation (DPC) is like any other small business owner who is challenged with how to pay for drug, dental and extended healthcare costs. If you do not have access to a group plan through your spouse, you will have to pay for these expenses out of pocket using after … Read more
For the last few years, it’s been a seller’s market when it comes to dental practice sales, due to too many buyers, not enough sellers, low interest rates, 100% bank financing and dental service organizations scooping up practices. These conditions have triggered bidding wars for certain highly sought-after practices. For example: In 2016, the best … Read more
With COVID-19 shutting down many dental practices across the country, the government has introduced new benefits to help businesses weather this storm. Here is an overview of what’s available for dentists and some ways to optimize the benefits for you and your team. Canada Emergency Wage Subsidy (CEWS) – This benefit provides a subsidy of … Read more
We would like to update everyone and provide more clarity on the Government’s Covid-19 benefits, based on information available as of 3:00pm, March 24, 2020. The benefits that are available are as follows: Employment Insurance (EI) regular or sickness benefits Emergency Care Benefit Emergency Support Benefit Temporary Wage Subsidy EI REGULAR AND SICKNESS BENEFITS In … Read more
The TMFD Financial team spoke with the Oral Health Group about the financial services they offer to ease the lives of dentists from graduation to retirement. Visit their website for more information and to set up a free consolation.
An Oklahoma woman has pleaded guilty to embezzling more than $280,000 from a dental office. Officials with the United States Department of Justice say Annette M. Straily, of Comanche, pleaded guilty to bank fraud and singing a false federal income tax return in connection with a $283,000 embezzlement scheme from a Duncan dental office. Officials … Read more
Are you a dentist suffering from financial stress? Want learn how to handle it better? As a dentist, everyone around you will know that you earn pretty well. What they might not know is that dentists, despite the notion that they have one of the best paying jobs, are also susceptible to financial stress. Here … Read more