Dental All-Stars
Dental All-Stars
Dental All-Stars is a business and practice management podcast for Dentists looking to improve their profitability and mindset. Guests include top experts in dentistry!
Shelly VanEpps

Making “Cents” of Dental Accounting

Making “Cents” of Dental Accounting

2/24/2023 7:44:38 AM   |   Comments: 0   |   Views: 48

Making “Cents” of Dental Accounting

 

  

 

 

Modern Accounting Solutions for Dental Professionals

Today I’m joined by a true star in the dental industry, Chris Cuadros from Crossroads Tax Advisors. Chris and his team are experts at helping dental professionals succeed, bringing modern accounting solutions and business technology to the table to help create real-time financial success. We’re so happy to have him joining us at the All-Star Practice Growth Summit in May, where he’ll be sharing his advice and insights on money management for dental professionals.

Key Highlights

[00:16] Introducing Chris Cuadros

[01:00] Crossroads background

[03:28] Why dentists need a dental-specific CPA

[05:47] Necessary tax compliance elements for dentists

[10:53] Accounting as the language of business

[14:44] Using modern technology to make accounting easy for everyone

[16:26] Biggest issues in tax and accounting in dentistry

[17:41] The benefits of working with a dental-specific accounting firm

[20:47] How coaching and consulting enhance business success

[22:03] The one thing you can do today to improve your tax savings

[24:30] Where to learn more about Crossroads and Chris

Notable Quotes

                
  • [01:34] Dentists are good folks; they just need help because you don’t get business courses in dental school. – Chris
  •             
  • [07:13] You have to figure out where the money’s coming in, where it’s going out, and where there are some opportunities to improve overhead. – Chris
  •             
  • [11:40] Having KPIs that have KPIs is just like having x-rays and not knowing what to do with them. And being educated to make decisions based on the KPIs is very important. – Alex
  •             
  • [13:10] A very bad lawyer is one that represents themselves. – Alex
  •             
  • [14:27] You can still run your business like a business and provide amazing customer service and a great patient experience.- Alex
  •             
  • [18:18] Typically, our first-year client will have a 6% increase in revenue and an 8% to 10% increase in profits with an average of 212% increase in retirement savings. – Chris
  •             
  • [20:55] Success is a culmination of multiple decisions. And the better decision you can make, the better off you’re going to be. –Alex

Resources

Learn more about Crossroads Tax Advisors:

Website: https://crossroadstax.com/

Email Jason Hite: infocrossroadstax.com

Call: (317) 884-3136

Learn more about the All-Star Practice Growth Summit: https://www.allstardentalacademy.com/live-event

Subscribe to the Dental All-Stars Podcast:
Apple Podcasts: https://podcasts.apple.com/us/podcast/dental-all-stars-dental-practice-training-systems/id887322180
Spotify: https://open.spotify.com/show/7CAKkvNddKTuRK1pmfAbDP
YouTube: https://www.youtube.com/@Allstardentalacademy

About Alex Nottingham JD MBA

Alex is the CEO and Founder of All-Star Dental Academy®. He has authored the dental practice game-changer book “Dental Practice Excellence” and co-wrote a bestselling book with Brian Tracy. Alex has shared the stage with Michael Gerber (the author of “The E–Myth Revisited”), and lectures nationally and internationally to prestigious dental organizations. He is a former Tony Robbins top coach and consultant, having worked with companies upwards of $100 million. His passion is to help others create personal wealth and make a positive impact on the people around them. Alex received his JuAboutris Doctor (JD) and Masters of Business Administration (MBA) from Florida International University.

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