Bruce Bryen is a certified public accountant with over 45 years of experience and is a part of Baratz & Associates CPAs. He specializes in deferred compensation, such as retirement planning design; income and estate tax planning; determination of the proper organizational business structure; asset protection and structuring loan packages for presentation to financial institutions. He is experienced in providing litigation support services to dentists with Valuation and Expert Witness testimony in matrimonial and partnership dispute cases. He is also a financial writer for several dental journals. You may contact him at 609-502-0691 or at Bryenb@baratzcpa.com.
Transitioning a dental practice after death
January 13th 2016After a death, the transition from the seller’s side is a very emotional, disheartening and financially upsetting circumstance. The spouse of the deceased dentist was probably used to a very solid financial perspective and many times did not know what was occurring in the dental practice.
The importance of dental compensation studies
December 7th 2015There is a list of examples that will be addressed to explain the importance of compensation studies for the dental practice. Just like the importance of a written agreement when two or more partners exist in a dental practice to detail the role of each partner, among other things, compensation can become a disagreeable topic when the focus is after a dental practice is in full operating mode.
Practice growth through acquisition
March 21st 2012Dentists know how difficult and time consuming it is to grow their practices through marketing efforts, hard work, excellent service and building their reputations over the years. Some dentists have found an additional method for practice growth that has similarities to an investment model growth in public companies.
Refinancing your dental practice
March 21st 2012You have effectively worked to keep your costs as low as they can possibly be. Your ability to use home equity lines at cheap rates have allowed you to save substantial money when borrowing for your practice needs rather than using commercial bank rates and terms for the practice.
Independent contractor vs. employee
March 21st 2012The status of an individual working for someone can be that of an independent contractor or an employee. Sometimes, businesses hire other businesses to perform services and at times, the term “outsourcing” is used. This term describes the transfer of responsibility to others for the performance of the service in question. It limits the responsibility to the business needing the service and shifts its responsibility to others and away from the enterprise in question needing the service to be completed.
Transitions in today's marketplace
March 21st 2012With the economy in the state that it has been and little end in sight to the economic downturn, many dentists have been unable to sell their dental practices under terms similar to what those dentists in the past had been able to do. There was a day when the sale price was paid in full at the settlement table and there were no other segments attached to the transaction.
Transitions through earn out provisions
March 21st 2012In many cases, the sale of a dental practice is similar to the sale of a personal residence. Sellers sometimes feel that their practice is worth more to them than the market will pay. This is a similar situation involving the emotions in the sale of a home which will cause the value to be more to the seller than to potential buyers. These same feelings can reflect a higher transition listing price than what the practice will bring.