Towson, MD Dental CPA | Top 10 Accounting Mistakes

Dental CPA Near Me

Maintaining a dental practice is often a lot of work and can seem daunting – especially when you are running the whole operation yourself. You must find a balance between caring for your patients, balancing your books, and attracting new patients, all while maintaining work-life balance.

As a solo practitioner, you may feel like the room is spinning, and at the end of the day the last thing you want to do is look at the numbers. With so much going on it is easy to make mistakes, so our team at Schiff & Associates want to give you a quick list of common mistakes to avoid so you don’t end up in trouble.

Not saving receipts

While not all receipts are required by the Internal Revenue Service(IRS), we still recommend keeping a drawer or folder for your receipts to provide backup documentation which can prove valuable at tax time.

Not tracking reimbursements

As a small business owner, you have likely payed for a few items for your practice out of your own pocket. Be sure to track your private payments so you can be reimbursed by your company.  

Lack of communication

If you have an employee that handles your finances, they can only keep a good book if they are in the know. Keep communication open and regular involving anything with money.

No backup  

Always keep the backup documentation to what you put into your system. Having a paper trail of your business can be valuable if something goes wrong or you ever come under audit. 

Not deducting sales tax

Remember to deduct the sales tax from your sales to make sure you are honest about your total sales and don’t pay more when taxes are due.

Trying to do it all yourself

Maintaining a private practice can seem overwhelming. It can be easier to make mistakes when you try to do your accounting on your own. It is best advised to have at least another set of eyes on your numbers.

Neglecting cash flow forecasting

Your books are not only for keeping up with the past but also planning for the future. Stay informed by forecasting so you know where your practice is going.

Keeping track of city-specific tax regulations

If you are starting a new practice or have moved to a new city, it may be a good idea to keep abreast of your city’s tax regulations. These systems vary from city-to-city and can be hard to remember. 

Falling behind

Procrastination can be costly. Be intentional about keeping up to date with your books so you don’t forget things that happened days, weeks, or even months in the past.

Stick with the procedures

Systems are put in place to keep each other honest and efficient. By staying with the set procedures, you can assure yourself that you are not cutting any corners.

Keep these common mistakes in mind for when it comes time to go through your books. If you are having a hard time maintaining your accounting, contact us today at (410) 321-7707 or visit us online to learn more about our services at https://schiffcpa.com/.

21204 Dental CPA | What Sets Dental CPAs Apart

Towson, MD Dental CPA

towson md dental cpaCPAs are a valuable resource for business owners of all kinds. Whether you’re looking to ensure that you remain legally compliant while saving as much as possible during tax season or are looking for guidance in how to allocate incoming resources well, a CPA can help you run a more efficient and profitable business. At Schiff & Associates LLC, we recognize the benefits that come from working with a dental-specific firm. As a proud member of the ADCPA, we understand the specific needs unique to dentists and will help you run your practice better.

Below are just some of the benefits that come from working with a dental CPA. For more information about the difference we can make for your practice, contact Schiff & Associates today!

Wealth Management: A dental CPA can help plan and implement wealth management strategies for your practice that will help you get the most out of your earnings in both the short and long term.

Tax Preparation: We can prepare your taxes and ensure that you’re complying with all laws while minimizing liability, allowing you to keep more of your earnings. We’ll also represent your practice before tax agencies if needed.

Practice Analysis: Our firm will analyze your practice to find areas of opportunity, measure efficiency, and evaluate overhead and profitability. The first step to improving your practice is to recognize ways in which you could grow.

Purchasing Advice: We will help you understand the pros and cons of big ticket investments such as equipment and real estate. Understanding the earning potential tied to a purchase is important in determining whether or not it’s a good investment.

Team Management: Whether you’re looking to grow your team or discern whether an existing employee needs to be terminated, we’re pleased to offer business insights tailored to help your practice thrive.

Legacy Planning: Whether you’re thinking of selling your practice or want a plan in place for the unforeseen loss of a partner, we can help you analyze the ideal trajectories for your practice and create plans for a number of different potential situations.

100 West Road, Suite 410
Towson, MD 21204
(410) 321-7707

MD Oral Surgery Practice seeking Associate: Signing Bonus Included

An outstanding position is now available for an Associate leading to Partnership in a highly successful, well respected 8 location, full scope surgical practice in the MD/DC/VA metro area. Our team is looking for a bright, ambitious, and caring individual. Our future partner must be proficient in all phases of our specialty including outpatient general anesthesia, dentoalveolar / implant surgery, TMJ, orthognathic and cosmetic surgeries. Board eligible/ certified a must. Highly Competitive salary, incentives, benefits and signing bonus included. Please send letter of interest and CV to: Ms. Petersen at mdmosa20850@gmail.com

General Dental Practice Seeking an Associate: Dunkirk, MD

Dunkirk, MD General Dental Practice Now Hiring Associate Dentist with Buy-In Opportunity.

General Dental Practice seeking an Associate: Dunkirk, MD.  Highly skilled and motivated General Dentist needed as an Associate to join a successful, high-end General Dental Practice located in Dunkirk, Maryland. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2-3 years of clinical experience. The ideal Associate is able to perform one appointment Endo, post and crown prep; as well as both simple and surgical extractions.  Buy-In Opportunity Available.  Please fax or email Resume and Salary History to: Eric Schiff, Schiff Dental Brokerage; 410-321-7006 Fax; eschiff@schiffcpa.com www.schiffdentalbrokerage.com

General Dentist Position

ADA Job Posting Job Description

We are searching for a positive, collaborative and team-oriented dentist to join our thriving private practice. We are located in a quiet and affluent area south of the Washington, D.C. metro area. Calvert County is the 13th wealthiest county in the United States. We enjoy a shortened work week because we maximize our time to the fullest. The right fit for us is a person that enjoys learning and being part of a team with a positive outlook and the desire to deliver a wide variety of care. The ideal candidate is an expert multi-tasker, a patient person, and has a great sense of humor!

Our practice utilizes the latest CEREC technology and we are Waterlase certified. We have three hygienists that are Biolase certified, hold RDH certification and provide comprehensive perio care. We have a positive front desk team that works hard to fill your schedule. Our dental assistants are knowledgeable, efficient and are Expanded Function certified. We have an in-house marketing person and believe strongly that efficient marketing is money well spent.

You must enjoy working with people and believe in an oral/whole health philosophy. A compassionate and patient bedside manner is imperative due to a large number of pediatric, geriatric and phobic patients. We are not just a general dental practice, but a family dental practice.

We work Monday through Thursday, half days every other Friday, and we are closed on the weekends. The dentists are on-call over the weekend. We are seeking an associate that has a minimum of two years of clinical experience, in addition to completing a residency.

We are a general dentistry practice that offers care in the following areas: cosmetics, pediatrics, limited perio and endo, orthodontics, implants, dentures and TMJ therapy. In addition to being team oriented, we are goal oriented. As a team, there is a strong focus on efficiency and cost-consciousness without compromising superior dental care and materials. Our charts are paperless and our software is efficient.

We believe strongly in community and giving back to the people that have given us so much. If you believe in family and community, you will fit right in. If you have children, it will be an easy transition for them…the area is friendly, the schools are excellent and crime is low. Calvert County’s history is rich, dating back to 1652. Calvert County is surrounded by water, and the outdoor activities are endless. Washington, D.C., Northern Virginia and Annapolis, MD are a short 35 minute drive away.

 The ideal candidate will come to us with the following:

  • A long-term vision for success with this practice
  • D or D.D.S
  • The desire for future partnership buy-in
  • Open-minded, flexible and positive attitude with a focus on teamwork and collaboration in a fast-paced environment
  • Superior attention to detail
  • Professional manner and appearance at all times
  • Uncompromising patient care and bedside manner
  • Strong interpersonal and communication skills
  • Ability to multi-task and make adjustment as needed
  • Compassion for patients, parents and team
  • Must love working with children
  • Experience in patient evaluation for treatment planning and follow-through
  • Experience in restorations, basic and surgical extractions, crowns & bridge, molar root canals and dentures
  • Ability to work with dental labs and refer to our network of specialists in oral surgery, ortho, endo, pedo and perio
  • Participate in community events sponsored by the practice
  • Participate in continuing education and team meetings
  • Assumes additional responsibilities and performs special projects as needed or directed
  • Preferred experience: nitrous, CEREC, Waterlase, orthodontics, Patterson Eagle Soft software or willingness to learn
  • Degree from accredited dental school
  • CPR Certification (current before start date)
  • NPI Provider Number (in place before start date)
  • DEA Number (application submitted before start date)
  • Malpractice Insurance (in place before start date)

Additional Notes

$10,000 signing bonus

No practice management experience necessary. We have a solid team in place that works hard to fill your schedule and support your goals. The practice works as a whole to help you succeed. We are an incentive based practice. Your salary is based upon collections.

We offer:

  • Health and Vision benefits
  • 401k
  • Shortened work week
  • No “shirt & tie” – we are casual and wear scrubs
  • Competitive compensation
  • Work/life balance
  • CE allowance

General Dental Practice Seeking Associate – Dunkirk, MD

Dunkirk, MD General Dental Practice Now Hiring Associate Dentist with Buy-In Opportunity.

General Dental Practice seeking an Associate: Dunkirk, MD.  Highly skilled and motivated General Dentist needed as an Associate to join a successful, high-end General Dental Practice located in Dunkirk, Maryland. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2-3 years of clinical experience. The ideal Associate is able to perform one appointment Endo, post and crown prep; as well as both simple and surgical extractions.  Buy-In Opportunity Available.  Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

General Dentist Position

ADA Job Posting Job Description

We are searching for a positive, collaborative and team-oriented dentist to join our thriving private practice. We are located in a quiet and affluent area south of the Washington, D.C. metro area. Calvert County is the 13th wealthiest county in the United States. We enjoy a shortened work week because we maximize our time to the fullest. The right fit for us is a person that enjoys learning and being part of a team with a positive outlook and the desire to deliver a wide variety of care. The ideal candidate is an expert multi-tasker, a patient person, and has a great sense of humor!

Our practice utilizes the latest CEREC technology and we are Waterlase certified. We have three hygienists that are Biolase certified, hold RDH certification and provide comprehensive perio care. We have a positive front desk team that works hard to fill your schedule. Our dental assistants are knowledgeable, efficient and are Expanded Function certified. We have an in-house marketing person and believe strongly that efficient marketing is money well spent.

You must enjoy working with people and believe in an oral/whole health philosophy. A compassionate and patient bedside manner is imperative due to a large number of pediatric, geriatric and phobic patients. We are not just a general dental practice, but a family dental practice.

We work Monday through Thursday, half days every other Friday, and we are closed on the weekends. The dentists are on-call over the weekend. We are seeking an associate that has a minimum of two years of clinical experience, in addition to completing a residency.

We are a general dentistry practice that offers care in the following areas: cosmetics, pediatrics, limited perio and endo, orthodontics, implants, dentures and TMJ therapy. In addition to being team oriented, we are goal oriented. As a team, there is a strong focus on efficiency and cost-consciousness without compromising superior dental care and materials. Our charts are paperless and our software is efficient.

We believe strongly in community and giving back to the people that have given us so much. If you believe in family and community, you will fit right in. If you have children, it will be an easy transition for them…the area is friendly, the schools are excellent and crime is low. Calvert County’s history is rich, dating back to 1652. Calvert County is surrounded by water, and the outdoor activities are endless. Washington, D.C., Northern Virginia and Annapolis, MD are a short 35 minute drive away.

 The ideal candidate will come to us with the following:

  • A long-term vision for success with this practice
  • D or D.D.S
  • The desire for future partnership buy-in
  • Open-minded, flexible and positive attitude with a focus on teamwork and collaboration in a fast-paced environment
  • Superior attention to detail
  • Professional manner and appearance at all times
  • Uncompromising patient care and bedside manner
  • Strong interpersonal and communication skills
  • Ability to multi-task and make adjustment as needed
  • Compassion for patients, parents and team
  • Must love working with children
  • Experience in patient evaluation for treatment planning and follow-through
  • Experience in restorations, basic and surgical extractions, crowns & bridge, molar root canals and dentures
  • Ability to work with dental labs and refer to our network of specialists in oral surgery, ortho, endo, pedo and perio
  • Participate in community events sponsored by the practice
  • Participate in continuing education and team meetings
  • Assumes additional responsibilities and performs special projects as needed or directed
  • Preferred experience: nitrous, CEREC, Waterlase, orthodontics, Patterson Eagle Soft software or willingness to learn
  • Degree from accredited dental school
  • CPR Certification (current before start date)
  • NPI Provider Number (in place before start date)
  • DEA Number (application submitted before start date)
  • Malpractice Insurance (in place before start date)

Additional Notes

$10,000 signing bonus

No practice management experience necessary. We have a solid team in place that works hard to fill your schedule and support your goals. The practice works as a whole to help you succeed. We are an incentive based practice. Your salary is based upon collections.

We offer:

  • Health and Vision benefits
  • 401k
  • Shortened work week
  • No “shirt & tie” – we are casual and wear scrubs
  • Competitive compensation
  • Work/life balance
  • CE allowance

Pediatric Dental Practice Seeking an Associate: Ashburn, VA

Pediatric Dentist Wanted in Northern Virginia

Highly skilled and motivated Pediatric Dentist needed Full Time as an Associate ( 5 days per week ) to join a successful, high-end Pediatric Practice located in Northern Virginia. The ideal associate would demonstrate a passion for Pediatric dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2 years of clinical experience.  Please fax or email an updated Resume and Salary History to: Eric Schiff, Schiff Dental Brokerage; 410-321-7006 Fax; ESchiff@Schiffcpa.com

Greenbelt, MD Dental Practice Now Hiring Associate Dentist w/ Buy-In Opportunity

Greenbelt, MD Dental Practice Now Hiring Associate Dentist with Buy-In Opportunity.

Highly skilled and motivated General Dentist needed as an Associate to join a successful, high-end Fee for Service General Dental Practice located in Greenbelt, Maryland. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2-3 years of clinical experience. The ideal Associate is able to perform one appointment Endo, post and crown prep; as well as both simple and surgical extractions.  Opportunities available to learn placing implants and Invisalign to grow the practice.  Dentists with a desire and ability to offer a variety of procedures to a diverse patient demographic will best fit with this practice.  Buy-In Opportunity Available.  Please fax or email Resume and Salary History to: Eric Schiff, Schiff Dental Brokerage; 410-321-7006 Fax; eschiff@schiffcpa.com  www.schiffdentalbrokerage.com

Greenbelt, MD Practice Hiring Associate w/ Buy-In Opp

Greenbelt, MD Dental Practice Now Hiring Associate Dentist with Buy-In Opportunity.

Highly skilled and motivated General Dentist needed as an Associate to join a successful, high-end Fee for Service General Dental Practice located in Greenbelt, Maryland. The ideal associate would demonstrate a passion for dentistry and patient care, contagious energy, a willingness to learn and grow and at least 2-3 years of clinical experience. The ideal Associate is able to perform one appointment Endo, post and crown prep; as well as both simple and surgical extractions.  Opportunities available to learn placing implants and Invisalign to grow the practice.  Dentists with a desire and ability to offer a variety of procedures to a diverse patient demographic will best fit with this practice.  Buy-In Opportunity Available.  Please send Resume and Salary History to: Allen Schiff aschiff@schiffcpa.com .

MD Oral Surgery Practice seeking Associate – Signing Bonus Included

An outstanding position is now available for an Associate leading to Partnership in a highly successful, well respected 8 location, full scope surgical practice in the MD/DC/VA metro area. Our team is looking for a bright, ambitious, and caring individual. Our future partner must be proficient in all phases of our specialty including outpatient general anesthesia, dentoalveolar / implant surgery, TMJ, orthognathic and cosmetic surgeries. Board eligible/ certified a must. Highly Competitive salary, incentives, benefits and signing bonus included. Please send letter of interest and CV to: Ms. Petersen at mdmosa20850@gmail.com