Listen to our advisor Mike Rousseau discuss ways to make sure that you are taking full advantage of your health plan benefits.
Listen to our advisor Rich Moore ask Emily Tetreault of Rosen & Associates questions on what DSO’s are and what the advantages and disadvantages are.
IF YOU OWN YOUR OWN DENTAL PRACTICE, YOU’VE JOINED THE RANKS OF NEARLY 30 MILLION OTHER SMALL BUSINESS OWNERS ACROSS THE COUNTRY. In the Dentistry IQ article, Thinking of Selling Your Dental Practice? Four Things You Should Know, Mark Palmerino gives his key considerations any dental practice owner should be thinking about as you begin to mull a sale of your business.
While pension plans are considered old fashioned by many, don’t be too quick to dismiss them. For some small business owners, including dentists, pension plans are still a good choice.
Help Small Biz Owners Gain an Edge With Company-Sponsored Retirement Plan
No one wants to think about becoming disabled. But think outside yourself. What happens to your family in the event you become disabled and unable to perform your job as a dental professional? Simply put, it’s a good idea to plan. Buy disability insurance.
As financial advisors, we’ve all encountered small business owner clients who are living the American dream: After years of saving and strategizing, all while working very long hours, their small business is finally starting to take off, and the entrepreneur now serves as the primary or sole breadwinner in his or her household.
Most financial advisers who support the personal planning needs of independent business owners of small- to mid-sized companies are invariably called upon to also help with business advice needs. This frequently includes serving as the financial adviser to the 401(k), defined benefit and other ERISA retirement plans these business owners choose to sponsor for themselves and their employees. Given the relatively smaller size of these plans, small- to mid-sized companies frequently serve as their own plan sponsors in order to keep administrative costs low.
For business owners, few things are more terrifying than a potential IRS tax audit. The very notion of being audited by the IRS is hair-raising, conjuring up the risk of fines or penalties, as well as the expenditure of considerable time, effort and resources to go through such a process. So naturally, most business owners find it worth their while to keep detailed financial books under precise accounting procedures that can help prevent or an IRS audit.