Dental practices contain many different types of assets, both tangible and intangible and each asset being sold requires thought and planning. There are separate accounting and tax rules that must be adhered to when you sell your Dental practice. Learn how to structure the asset allocation to minimize taxes and maximize value when selling a dental practice.
- What are you really selling? And how is it taxed?
- What can you expect to set, after taxes and other expenses of sale?
- Buyer and seller tax consequences
Allen Schiff, C.P.A., C.F.E.
Allen Schiff is the Managing Member of Schiff & Associates, LLC (S&A). Prior to forming S&A, Allen was a Partner with Smart & Associates (formerly Grabush, Newman) for 30 years and was their Practice Leader for Dental Practice Management Services. Allen has over 40 years of experience in the areas of dental practice management. Allen’s services include business planning to include obtaining financing, succession planning, exit strategies and long-range planning. Allen has assisted dentists with practice acquisitions, start-ups, operational analysis and associate contract analysis.
Allen is the President of the Academy of Dental CPAs (www.adcpa.org). This group of very knowledgeable CPA firms across the nation specializes in practice management services to the dental industry. He serves on the ADCPA Executive Committee and is Chairperson of the ADCPA Marketing & New Members Committees. The ADCPA combines its outstanding resources and expertise to share information and jointly develop resources to better serve the dental community.
For the last 32 years, Allen has taught at a local dental school as well as seven other national dental schools on the subject of dental practice management.
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