Dentist Accounting by GLG Accounting
You have achieved your goal to become a dentist after many years of education and training. Perhaps you are ready to start your own practice, or maybe partner up with somebody already established. How do you go about doing that? What is needed to run the office part of your business? GLG Accounting has professionals have spent years in the accounting field and can help you with all the questions you have now and in the future.
How an accountant can help a dental practice
You are a small business, what taxes and regulations pertain to you? These issues can be a nightmare for most small businesses. Not handling the back office paperwork correctly can take away time from building your business. Mistakes can be made, even if you are highly detail-oriented, if you are not used to accounting. Many mistakes can end up with you losing your patients, costing your business money and even forcing your company to close in the most extreme cases. However, GLG Accounting can assist you before many of these issues even arise. This helps ease your mind so your focus can be on your patients. New regulations, policies, and forms required to run your business on a daily basis is part of what an accounting firm can stay on top of for you.
Are you using the most efficient program to handle your business needs? With changing technology and software, it is GLG Accounting’s business to stay current. We can integrate your current software or start you out with something new.
Bookkeeping for Dentists
Have many patients but not enough patience to focus on your books? GLG Accounting can do that from accounts payable and receivables to balance sheets and other reports. Let our accountants simplify your day-to-day processes. Highly trained and dedicated people ensure an accounting firm can minimize mistakes, saving time and money for you. Prefer your current internal bookkeeping? Let GLG Accounting be your second set of eyes, helping to catch any errors.
What your entity does for your accounting
Did you start your own business as a sole proprietorship or buy into a partnership? Perhaps operating as an S Corporation or an LLC that acts like a corporation can save you money. We can determine if changing your tax status can decrease your tax liability between 30 to 50%. The business advisory service, here at GLG Accounting, can help you determine the best course of action for you. Adjusting your business plan to any changes, or just updating it, can help you reach your goals even faster.
Clients are already nervous about coming into a dentist’s office as it is. If your staff is unhappy, it just adds to the stress and makes the client want to seek out a better environment. It is understandable that your staff will be unhappy if their paychecks are not on time or are incorrect. One of the most necessary and most time-consuming tasks in the business world is payroll.
Sick day and vacation reporting, new hire paperwork, management of garnishments and many other aspects of payroll are some of the ways that GLG Accounting can help. This frees up more of your time so you can focus on those nervous clients.
Accountants improve your business
Want to spruce up your waiting room or need new office equipment? There is that new x-ray machine you’ve been talking about getting. However, can you afford it? Does your cash flow have the room to do this? How would you know if you do not have a concise cash flow statement handy? The CPAs at GLG Accounting have all the best technology and software that can be used to produce that cash flow analysis. Currently don’t need anything new, just need to understand where things are going? We can provide that. Sometimes seeing all your expense items spread out can help you find ways to save money that you never knew were possible.
Our employees, here at GLG Accounting, are handpicked from those with years of accounting experience. Customizing our service to meet your particular needs is something we pride ourselves on doing. You attend seminars to keep up with the newest techniques and regulations in dentistry. We do the same for modern accounting methods along with compliance with all tax rules. With backgrounds in many different types of businesses, our diverse field of employees can pool their knowledge base to provide you with many options.
Contact GLG accounting for all your dentistry accounting needs.