Operating Practice
Dental practice owners choose TrueBlaze for a number of reasons: They want to refine their financial practice, save resources with proven tax strategies, receive support with accounting procedures, and have prompt access to business and financial expertise in the dentistry field. We support practices with these and other services:
Monthly dashboards and financial reports
Bookkeeping and bank reconciliations
Strategic tax planning and implementation
Tax compliance
Team retreats
Cash flow planning
Doctor take-home pay projection and goal setting
Practice Startup
Our team has helped many doctors start their practice. We can navigate you through the process from start to finish. Having walked this path many times, we’ll help you launch your practice with confidence. Our process includes:
New practice vision assessment
Startup team selection
Business plan writing
Location identification
Cash flow and income planning
Tax and accounting training
Financing analysis and selection
New business tasks laundry list
Practice Partnership
Dental practice partnerships are a unique, fragile arrangement with many rewards. Yet these rewards can come with pitfalls. At TrueBlaze, we help dentists address tough decisions when the adrenaline of promise and success is pumping through the soon-to-be partner’s veins. Our partnership process includes:
Practice and partner cash and income planning
Strategic tax planning
Partnership income and compensation structuring
Practice cash flow projections
Partnership practice valuations
Practice Acquisition
At TrueBlaze, our specialty is representing dental practice buyers. Our systems are thorough, useful and honest. We ensure the buyer is making a good financial decision and a great fit. We go beyond a simple cash flow analysis, digging in with you, asking questions no one else thought of, reviewing reports no one else thought to look at and preparing you not just to buy but to succeed. Our process includes:
Goal setting
Site visits and seller interviews
Practice cash flow analysis and income planning
Purchase structure and financing planning
Team interviews and assessments
New owner launch
Accounting and tax training
Practice Sale
Dentists plan for the sale of their practice the day after they start it. As a sale draws closer, their actions become increasingly significant. Our sale planning includes:
Practice valuations by an experienced valuator
Practice value improvement assessment and planning
Sale take-home cash analysis
Post-sale cash flow planning
Pre-sale, sale and post-sale tax minimization
Associate Planning
Hiring or accepting an associate position is an equally monumental step. Each decision involves financial rewards and risks. TrueBlaze helps practice owners and associate dentists assess their options and opportunities with:
Cash flow and income planning
Associate terms and compensation planning
Associate needs assessments
Career planning
Associate-to-ownership structuring and handoff