Accounting For

Dental Practices

Helping You Meet The Complex Challenges Of Your Industry

Managing a dental practice is complex. Rapid changes in markets, competition, technology, and delivery systems require that progressive dental providers have experienced professionals to assist them in meeting the challenges their practices face. Olsen Thielen’s professionals are dedicated to working with and understanding the needs of our dental clients. We provide the specialized financial and consulting expertise that is needed to successfully manage in today’s highly competitive and rapidly changing marketplace.

Olsen Thielen professionals are highly experienced in the following areas:

· Dental practices and general dentists

· Orthodontic clinic practices

· Oral surgery and sub-specialty groups

· Multi-owner general dental groups

· Single-owner practices

· Start-up practices for newly licensed professionals

Services we provide for your dental practice

In addition to our accounting and tax services, we provide support for back-office operations, revenue growth, operational management, and financial planning. We provide industry-specific guidance to help ensure your practice is in compliance with current tax laws and using the best accounting practices to maximize income and minimize tax burdens. Our specialists look beyond compliance needs to educate you on new regulations and rule changes and help identify strategic improvements which will keep you moving towards your organization’s long-term goals.

Business entity selection for tax purposes
Financial statement and tax preparation and planning for owners and practices
Client Advisory Services - recurring bookkeeping, payroll and reporting
Fractional CFO/Controller services
Compensation models and bonus planning and consultation
Retirement and benefits planning including maximizing pre-tax benefits for owners
Purchase and sale of your practice including deal structure and tax planning
Cash flow analysis of buy-in and buy-out
Buy-sell planning and protection for the practice and its owners
Business valuations for estate, sale or acquisitions
Deferred compensation plans for retired or retiring owners

Gustafson Family Dentistry

Case Study

Olsen Thielen’s relationship with Gustafson Family Dentistry began back in the late 1980s when John Gustafson, DDS had a practice serving the local community of Arlington, MN. During this time, Olsen Thielen provided John with tax planning and tax compliance services, individual tax preparation, and corporate tax preparation.

Contact a Specialist

Our medical industry professionals have dedicated their careers to working with physicians and medical clinics and are trained to help your practice remain compliant, operate efficiently, and increase profitability. We are always by your side to offer helpful advice and consultation to help you plan for the future. To learn more, contact one of our industry specialists: