Working with over 350 dental practices nationwide, our team is passionate about teaching both dentists and dental teams how to keep what they make, increase profits and reduce taxes while unlocking their numbers. We see the practice you own as a means to realize the quality of life you envisioned when you entered dentistry, along with the income necessary to sustain it.
Throughout your journey to profitability, we are with you every step of the way. We do more than crunch numbers; we guide you and direct you toward best practices for your financial present and future. At Hancock Askew, you’ll enjoy a partnership between yourself and our team that is ongoing and proactive.
Dental Office Accounting & Tax Services
- Help you start or buy a practice and manage it for top profitability
- Help you share profit fairly and timely in a Partnership or dissolve a Partnership
- Create and explain a dental-specific chart of accounts in a QuickBooks® file
- Review your most recent financial statements and tax returns to help you maximize tax savings
- Proactive tax projections & meetings to eliminate tax surprises
- Monthly or Quarterly review of your QuickBooks® file, practice numbers, and expense coding for the best tax effect
- Monthly or Quarterly posting of all journal entries
- Create financial statements to ensure accuracy of records
- Budget for taxes due
- Develop strategies for timing and nature of income and deductions
- Maximize deductions
- Coordinate your cash-flow and business planning
- Year-end tax and financial goal planning
- Annual update and ongoing review of the shareholder salary schedule
- Cash flow-related planning to help you update your practice goals for the year
Financial Consulting Services
We offer a wide range of advisory services to meet your individual and dental practice needs. We work with a variety of dental practice management experts, all of whom have years of experience helping dental professionals like you reach new levels of success. We can help you understand the monetary and tax implications of decisions with confidence and will work with you to ensure that you can meet your personal, financial, and business goals.
- Practice Transition: Buying, Selling, and Partnership representation for Dentists
- Practice Management Help for Dentists
- Retirement Planning for Dentists
- Personal Financial Planning for Dentists
- Cost Segregation Study
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