Dental CPA ‘s – Help with Associates
Bringing on an Associate can be a difficult decision. This takes a lot of hard work to make sure that your practice is in the best position to grow and succeed. Having the right accounting and reporting in place is one of many things that need to be taken into consideration. Is there enough room in the budget to allow for this. Is the practice in a growth mode. What does the financial forecast for your company look like over the next two years? How about over the next five years?
Compensation and Protecting your Practice
How will you compensate this new employee? Will they be an employee? or will they be an independent contractor. Will you compensate them for bringing in new patients on their own. What about health insurance, retirement plans, or perhaps flex time? How will you stop them from leaving and not taking your patients with them? What will the associate agreement look like? Will it include a non-compete. And if you have a non-compete what is the likelihood that it will be enforceable.
Dental CPA ‘s
What can a dental CPA do? We can assist with accounting, transitions of owners, valuation, start-up, bookkeeping, payroll, forecasting and tax preparation and planning. Every practice is different. A Dental CPA team can assist with all your needs and customize them so they work best for your practice.