How can we move your practice to a new level? Our professionals can perform an operations review and analyze your internal controls. We can assist you with strategic planning, succession planning, determining productivity goals and benchmarking your fees. We can help you calculate chair-time value for various procedures and perform a profitability analysis by procedure. Then, we will help you use this information to make the best decisions for your practice.

Of course, we assist you with tax planning and preparation. However, our comprehensive business and financial services go way beyond traditional CPA services. Our Dental Team consultants are passionate about helping their dental clients succeed.

Somerset CPAs is the exclusive Indiana-based broker for American Dental Sales (ADS). Through our membership in the ADS Network, we provide practice valuation and brokerage services. Click here for a brief brochure that explains those services in more detail.

Visit our Practice Sales Listings page for a current list of dental practices for sale in Indiana and buyers looking for practices.
 

• Assistance in selling or buying dental practices

• Practice transitions

• Practice valuations

• Indiana representative of ADS

• Strategic planning/business plan development

• Fee schedule development

• Accounts receivable and collection analysis and management

• Accounting software selection, installation and training

• Operations and internal control reviews

• Employee benefit plan analysis and design

• Income distribution methodology design

• Merger, acquisition and succession planning

• Group practice governance design and succession planning

• HIPAA compliance

• Financial statement compilations

• Bookkeeping services

• Payroll processing

• Tax return preparation and planning
• Tax research
• Analysis of tax consequences for mergers, joint ventures, acquisitions and divestitures
• Tax controversy resolution
• Sales/use tax payment requirements and planning
• Property tax return preparation and analysis
• Payroll tax return preparation and planning
• Entity choice analysis
• Asset acquisition/lease analysis
• Accounting method determination
• Federal and state identification number application processing

Our annual compilation of Average Operating Expenses for Professional Dental Practices for the year ended 2008 (compiled in 2009) has been published. The publication compares data for the years 2008 and 2007 from our clients throughout central Indiana. The information is presented according to practice type—General Dentistry, Endodontics, Oral and Maxillofacial Surgery, Orthodontics and Pediatric Dentistry (new for 2008).

We anticipate that you will find this useful in your practice planning and analysis. We welcome your questions and comments. Please contact us if you would like to discuss the specifics of your practice.
Click here to download the PDF.
 

Find out how Somerset CPAs can help you look at your practice in a new way.  Call 317-472-2200 or 800-469-7206 or send a message to info@somersetcpas.com today and request a complimentary initial consultation.

6  Printable Brochure