Edwards & Associates, PC

Student loan debt does not disqualify you from getting a practice loan. That's one of the more persistent myths out there, and it stops some associates from even starting the conversation.

Lenders care about the practice's history, patient base, staffing, and financials, not just your existing debt load. Bringing your bank (and CPA) in early, before you've settled on a practice, tends to make the entire process smoother.

https://www.ada.org/resources/practice/practice-management/finances/demystifying-the-practice-loan-process

Young dentists are investing earlier than any previous generation, and that's a great start.

But building wealth isn't just about growing an investment account. If practice ownership is one of your long-term goals, your financial strategy should also help you manage student loans, build liquidity, strengthen your borrowing position, and prepare for opportunities when they arise.

The financial decisions you make early in your career can shape the options available to you later. Learn why financial flexibility may be one of the most valuable assets you can build.

https://eandassociates.com/young-dentists-are-saving-earlier-than-ever-but-thats-only-part-of-the-equation/

Young Dentists Are Saving Earlier Than Ever, But That's Only Part of the Equation - Edwards & Associates PC Dentists are saving earlier, but investing is only part of the equation. Learn how financial planning can prepare you for long-term success.

Selling a dental practice is often the largest financial transaction of a dentist's career, but the most successful transitions don't begin when it's time to sell. They begin years earlier.

From preparing your financials and understanding tax implications to strengthening operations and choosing the right buyer, early planning can significantly affect both the value of your practice and the outcome of the transaction.

If a practice transition is part of your long-term plans, now is the time to start preparing, not when retirement is just around the corner.

https://eandassociates.com/common-dental-practice-transition-mistakes-and-how-to-avoid-them/

Common Dental Practice Transition Mistakes and How to Avoid Them - Edwards & Associates PC Avoid costly dental practice transition mistakes. Learn how early planning can maximize value and improve your sale outcome.

Only about a third of accounting firms are using AI at an organizational level right now, and that hesitation isn't stubbornness. AI is good at language, not calculation, and tax work lives in the calculation. A hallucinated answer in accounting doesn't look wrong. It looks polished and confident, which is exactly what makes it dangerous. If your CPA is cautious about handing tax work to AI tools, that's not them falling behind. That's them protecting the accuracy your return actually needs.

https://www.cfodive.com/news/before-turning-tax-work-over-ai-ask-these-4-questions-accounting/823346/

Before turning tax work over to AI, ask these 4 questions AI-fueled errors can be polished and seemingly authoritative — making them especially treacherous in accounting, writes Thomson Reuters’ David Wong.

A great bookkeeper is an invaluable part of a dental practice, but there comes a point when accurate financial records aren't enough.

As your practice grows, the questions become more strategic:
• Can we afford another associate?
• Should we open a second location?
• Why is cash flow tight despite strong production?
• Are we making the right financial decisions for the future?

Those aren't bookkeeping questions. They're business questions.

Learn how to recognize when your practice may benefit from outsourced accounting or additional financial advisory support, and how to choose the approach that's right for your goals.

https://eandassociates.com/does-your-dental-practice-need-more-than-a-bookkeeper/

Does Your Dental Practice Need More Than a Bookkeeper? - Edwards & Associates PC Does your dental practice need more than a bookkeeper? Growing practices benefit from outsourced accounting and financial advisory services.