Willeford Group

5 Signs You NEED an Accountant

Have you wondered whether you actually need to have a professional accountant? Here are 5 signs that confirm you do: 1)     You earn over $200,000 per year – Your odds of being audited once you start earning over $200,000 a year increases to nearly 4%. While this may not seem like a large number, it’s […]

Claim Financial Freedom

Whether you’re starting a new practice or have been an owner dentist for years, the financial stress that can come from being a business owner can sometimes overwhelm even the most seasoned professionals. Our goal is to help you achieve complete financial freedom so that financial worries don’t interfere with your ability to work well. […]

Strategies to Boost Profitability

According to Dr. Charles Blair, DDS, most dental practices are losing between $30,000 and $50,000 in potential profits. How can dental practices maximize return on their services and start to recoup capital? Here are three strategies to boost profits in your practice: Optimize your Practice Taking a look at production reports to make sure procedures […]

What to Look for in a Dental CPA

Hiring a certified public accountant (CPA) to your dental practice grants you not only greater financial transparency, but also provides you with an excellent guide in making informed business decisions. You can also gain an increased ability to focus on your patients rather than being glued to QuickBooks between appointments. If you’re considering hiring a […]

Converting Leads into Patients

Marketing is an essential part of attracting new business. Strong print and internet marketing materials can help introduce your practice to potential new patients. Glowing reviews and testimonials tell people that you have a trustworthy team and offer quality care. However, even the best marketing efforts won’t contribute anything to your business if you fail […]

Tax Reform Update #2!

On Friday, the GOP recommended the latest version of a tax reform bill that the GOP hopes will pass the House tomorrow, pass the Senate on Wednesday, and be signed into law by the President by Friday. What are a few key highlights of this bill, and how may it affect you? Some of the most important aspects […]

Tax Cuts & Jobs Act Highlights

On Dec. 22, the President signed into law The Tax Cuts & Jobs Act, which is the largest tax reform in over 3 decades.  As you have been reading in our Tax Reform Updates, unfortunately, the new tax law probably will not reduce your taxes as much as you had hoped for during the last […]

Claim Financial Freedom

Whether you’re starting a new practice or have been an owner dentist for years, the financial stress that can come from being a business owner can sometimes overwhelm even the most seasoned professionals. Our goal is to help you achieve complete financial freedom so that financial worries don’t interfere with your ability to work well. […]

Willeford Client Bulletin December 2017

We hope you are enjoying time with your family while accomplishing the last set of goals you have for this year! As you are doing this, remember that December is also a good time to wrap up final business tasks such as: implementing revised paychecks provided during year-end meetings, if applicable. maximizing your 401(k) deferral from your paycheck by […]