Live Webinar Details
How to Know if You are as Profitable as You Should Be
EARN 1.0 CE CREDITS
Most of you know Dr. Woods as “The Profit First Dentist” and that she has been singing the praises of the PF Cash Management system for years. Even if you have read it, you still may not really know if you are profitable, or how much you should be paying yourself, if it should be as salary or as distributions. Chris Sands, co-owner of Pro-Fi 20/20 Certified Public Accountants, and Dr. Woods will try to simplify exactly what “tax basis” is and why you should care.
– Understand how to calculate your Profit Margin and what the standard is for general dentists vs specialists
– Know what a standard payroll amount is for dentists and whether or not you should pay yourself through payroll, distributions, or both
– Understand exactly what the term “tax basis” means and why you should care