Financing Your Practice: Five Key Elements of a Business Plan

BMO Harris Bank is here to help you take your finances further. No matter what your practice goals are, this guide can assist you in successfully building your own business plan. Writing a well-thought-out business plan is an important early step in planning for a successful dental practice. Whether you’re acquiring an existing practice, expanding… Continue Reading Financing Your Practice: Five Key Elements of a Business Plan

Going contactless for payments

As dental offices adjust to COVID-19 realities, one area to minimize physical contact with patients is in the payment process. Use what you have Did you know that most credit card terminals that accept EMV chip cards also accept Contactless payments? Contactless cards and smartphone digital wallets (ie., ApplePay) are an option that most practices… Continue Reading Going contactless for payments

Comprehensive listing of federal, state poster requirements for employers

The purpose of this article is to keep dental employers informed of the poster requirements mandated by state and federal law. It is important to comply with the information posting requirement and ensure staff access to the information. The posters should be displayed in “plain viewing sight.” The following is a comprehensive list of state… Continue Reading Comprehensive listing of federal, state poster requirements for employers

Make informed decisions for your practice with our 2018 dental fees and compensation survey

The continual pressure to stay ahead of regulatory change, manage day-to-day office operations and stay competitive in the market can be challenging. Knowing key industry metrics and how to evaluate your practice’s data is essential to driving your strategy and achieving your operational and financial goals. When it comes to setting dental service fees and… Continue Reading Make informed decisions for your practice with our 2018 dental fees and compensation survey

Treasury Department and IRS to Launch Redesigned W-4 Form in 2020

On Sept. 20, 2018, the Treasury Department announced that the Internal Revenue Service will implement a redesigned W-4 form for tax year 2020, a timeline that will allow for continued work to refine the new approach for the form. As a result of the enactment of the 2017 Tax Cuts and Jobs Act, the Treasury… Continue Reading Treasury Department and IRS to Launch Redesigned W-4 Form in 2020

Your WDA membership dues are still deductible as business expense

With the new tax bill in effect, Wisconsin Dental Association member dentists might wonder about the deductibility of WDA dues as it relates to the new tax bill. The itemized deduction for professional membership dues was eliminated, but the business deduction for dues remained in place. Dues to a professional organization are still deductible as a… Continue Reading Your WDA membership dues are still deductible as business expense

Economic census is legitimate

The Wisconsin Dental Association has received some calls regarding the economic census that went out to some dentists. The American Dental Association says it is legitimate; it’s from the U.S. Census Bureau. We checked the statutes and dentists are required to fill it out. Concerned dentists should visit this link: https://www.census.gov/search-results.html?q=economic+census&page=1&stateGeo=none&searchtype=web&cssp=Typeahead&%3Acq_csrf_token=undefined Also, this link provides… Continue Reading Economic census is legitimate