After years or decades in practice ownership, it is understandable why many dentists begin to feel there is “nothing new under the sun.” But in reality, the business side of dentistry continues to evolve constantly.

Selling a dental practice is often one of the largest financial events of a dentist’s career. Unfortunately, many practice owners focus heavily on the sale price while underestimating the tax consequences that follow.

In simple terms, separation of duties means no single employee should control an entire financial process from beginning to end.

At T. S. Allen & Associates, we help dental practice owners evaluate major equipment purchases in the context of the entire business, not just the tax deduction.

We sometimes see business owners incorrectly increase their W-2 compensation solely to create additional withholding, even when there is no reasonable compensation requirement to do so.