Financial & Tax Services for Dental Practice Owners
More Than a Successful Practice. Build the Wealth to Get Out of the Chair.
- Bookkeeping
- Strategic Tax Planning
- Tax Preparation
- Wealth Management
- One Coordinated Team
You’ve worked hard to build a successful dental practice. But producing more dentistry doesn’t automatically translate into greater personal wealth.
Between managing your team, investing in technology, controlling overhead, and caring for patients, it’s easy to lose sight of an important question:
Is your practice helping you build the financial freedom you ultimately want?
At Momentum Tax & Accounting, we help dental practice owners turn practice profitability into long-term personal wealth.
Our approach brings together four essential services—bookkeeping, strategic tax planning, tax preparation, and wealth management—so your financial decisions work toward the same goal.
Because the ultimate measure of success isn’t how much dentistry you produce. It’s having the financial freedom to choose how much dentistry you want to practice.
Your Bookkeeper, Tax Strategist, Tax Preparer, and Wealth Advisor Should Be Talking to Each Other.
For many dental practice owners, financial advice is fragmented.
Your bookkeeper records transactions. Your CPA prepares the tax return. Someone else may offer tax-saving ideas. And your financial advisor manages your investments.
Each professional may do a good job individually. But if they aren’t communicating, important opportunities can be missed.
A major equipment purchase affects cash flow and depreciation. Retirement-plan contributions affect taxable income and long-term savings. Changes in practice profitability can affect estimated taxes, compensation, and investment decisions.
These decisions are connected. Your financial team should be, too.
At Momentum Tax & Accounting, we take a coordinated approach. Your bookkeeping, tax strategy, tax preparation, and wealth management professionals communicate and work together to help you make better-informed decisions throughout the year.
Instead of four disconnected conversations, you get a team working from the same financial picture.
Introducing Our Coordinated Dental Wealth Approach
Four Essential Services. One Financial Direction.
1. BOOKKEEPING
Know Your Numbers
You can’t make confident financial decisions without accurate, timely information.
Our bookkeeping services help you understand what’s happening inside your practice so you can make decisions based on reliable numbers—not guesswork.
We can help with:
- Monthly bookkeeping and account reconciliations
- Profit-and-loss statements and balance sheets
- Tracking practice expenses and overhead
- Monitoring cash flow
- Identifying financial trends and potential issues
- Maintaining accurate records for tax planning and preparation
The benefit: Better visibility into your practice’s financial performance and a stronger foundation for every other financial decision.
2. STRATEGIC TAX PLANNING
Keep More of What You Earn
Tax preparation reports what happened last year. Strategic tax planning looks ahead.
We work proactively with dental practice owners to identify legitimate tax-saving opportunities before important deadlines and financial decisions have passed.
Depending on your circumstances, we may evaluate:
- Practice entity structure and owner compensation
- Retirement-plan design and contribution strategies
- Equipment purchases and depreciation opportunities
- Timing of income and deductible expenses
- Employee benefit strategies
- Estimated tax payments
- Coordination of business and personal tax planning
The benefit: A proactive tax strategy designed to help reduce unnecessary taxes while supporting your broader financial goals.
3. TAX PREPARATION
File Accurately and With a Plan
Your tax return shouldn’t be the first time your tax professional learns how your year went.
Because our tax preparation process is coordinated with bookkeeping and planning, we can work from a more complete picture of your practice’s finances.
Our services include:
- Dental practice business tax returns
- Individual income tax returns
- Coordination of business and personal tax information
- Review of deductions and depreciation
- Tax compliance and filing support
- Planning for the upcoming tax year
The benefit: A more organized tax preparation process that reflects the planning decisions made throughout the year.
4. WEALTH MANAGEMENT
Turn Practice Profits Into Personal Freedom
Your dental practice may be your largest income-producing asset. But your long-term financial future shouldn’t depend entirely on how many patients you see.
We help you connect the success of your practice with your personal financial goals.
Wealth management and financial planning may include:
- Retirement income planning
- Investment management
- Tax-aware investment strategies
- Retirement savings coordination
- Planning for a future practice transition or sale
- Building assets outside your dental practice
- Evaluating when reducing clinical hours may become financially realistic
The benefit: A coordinated plan to turn today’s practice income into tomorrow’s financial independence.
We Speak Dentist.
There’s a difference between an accounting firm that will work with dentists and one that already understands dental practices.
We already work with many dentists. We understand that dental practices have unique equipment costs, operating expenses, staffing challenges, and financial planning considerations.
You don’t have to explain to us what an intraoral scanner is.
We know what cone beam computed tomography (CBCT) equipment is, too.
And, importantly, we understand that these purchases can have significant accounting, cash flow, and tax implications.
When you’re considering a new scanner, CBCT system, treatment equipment, or practice expansion, we can help evaluate how the purchase fits into your financial picture—including the applicable depreciation rules.
We understand the difference between collections and profitability. We know that a practice can generate substantial revenue while leaving its owner wondering where the money went.
Our goal is to help you make financial decisions with advisors who understand both the numbers and the business of dentistry.
One Decision Can Affect Your Entire Financial Plan
Consider a Major Equipment Purchase
You’re thinking about purchasing a new CBCT system for your practice.
A disconnected approach might look like this:
Your bookkeeper records the purchase. Your tax preparer learns about it months later. Your financial advisor doesn’t know that you used cash earmarked for investments. And nobody evaluates the decision from every angle before you buy.
Our coordinated approach asks different questions:
- How will the purchase affect practice cash flow?
- Should the equipment be financed or purchased with cash?
- What depreciation treatment may be available under current tax rules?
- How will the purchase affect projected taxable income?
- Will it change your retirement contributions or personal investment plan?
- Does the investment support your practice's long-term goals?
The goal isn’t simply to maximize a deduction. It’s to make a sound business decision while considering its tax and wealth-building consequences.
That’s the advantage of having your financial professionals working together.
The Bigger Goal: Make the Dental Chair Optional
You may love practicing dentistry.
You may want to work three days a week instead of five. Spend more time with family. Travel. Mentor younger dentists. Sell your practice. Or simply know that you could stop practicing if you wanted to.
Whatever financial freedom looks like to you, it takes more than a profitable practice.
It takes accurate numbers, proactive tax planning, disciplined wealth building, and a financial team that understands your goals.
We help you connect the financial success of your dental practice to the life you want outside of it.
You shouldn’t have to wait until you’re ready to retire to start planning for that freedom.
Is Your Dental Practice Working as Hard for You as You Work for It?
If you're a dental practice owner, consider these questions:
- Do you receive timely financial reports that help you make decisions?
- Does someone review your tax situation before year-end?
- Do your bookkeeper and tax preparer communicate regularly?
- Are your retirement and investment strategies coordinated with your tax planning?
- Do you know what it would take financially to reduce your clinical hours?
- Do you have a team that understands dental practices?
If you’re unsure about several of these answers, there may be opportunities to improve how your financial life is organized.
Let's Build Your Financial Plan Around Your Practice—and Your Life.
At Momentum Tax & Accounting, we help dental practice owners bring their financial picture together.
We’ll discuss your current bookkeeping, tax situation, practice goals, and long-term financial objectives to see where a coordinated approach may help.
Or call (888) 593-7772.
Momentum Tax & Accounting
Helping Dental Practice Owners Keep More, Build More, and Make the Chair Optional.
Frequently Asked Questions
Yes. We already serve dental professionals and understand many of the financial decisions involved in owning and operating a dental practice.
Yes. We offer bookkeeping and tax preparation services and coordinate those services with proactive tax planning.
Yes. We can review the tax treatment of qualifying equipment purchases, including depreciation options. The appropriate treatment depends on the asset, its use, when it is placed in service, and current tax law.
Yes. Financial planning and investment advisory services are offered through Turning Point Financial, Inc., allowing wealth management to be coordinated with the tax and accounting work.
We can discuss your needs during an initial consultation and determine which services may be appropriate for your situation.
Schedule a complimentary consultation with Momentum Tax & Accounting. We’ll discuss your practice, current financial arrangements, and the goals you’re working toward.
Tax strategies depend on individual circumstances and applicable law. No particular tax savings or investment results are guaranteed. Investment advisory services are offered through Turning Point Financial, Inc., a registered investment advisor. Tax and accounting services are offered through Momentum Tax & Accounting.