Tim Lott-Your Trusted Dental CPA
Tim Lott-Your Trusted Dental CPA
Tim Lott, CPA, CVA
We provide the answers, as well as the practice plans to help you secure your dental goals.

Posted 4/20/2017 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 81
So you’re in the market looking to buy a dental practice, and you’ve seen information from brokers with summary practice information. As you’re looking at the overhead information, you think that some of the OH stats look really low and that must be great, and some look really...  Read More
Posted 9/14/2016 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 242
There’s a great thread on dentaltown.com about why buyers should NOT pay for potential and projections. Part of the discussion revolves around normalizing cash flow, particularly the overhead of the practice. This prompted me to write a blog post to help potential buyers evaluate a...  Read More
Posted 9/7/2016 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 14  |   Views: 860
We’ve completed the process of compiling our dental practice financial statistics based upon 2014 & 2015 data and the results show very little change compared to five years ago. Remember, the US economy went through a downturn beginning in late 2008 which lasted probably through the...  Read More
Posted 7/13/2016 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 193
We’ve recently seen an uptick in practice purchase/sale transactions involving specialists such as endo, oral surgery, perio, and prostho. Obviously, the vast majority of practice purchase sales we see are general dentistry because the vast majority of practices out there are general...  Read More
Posted 7/7/2016 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 192
I see this question frequently, and occasionally I get asked this question from potential buyers. I see claims made by sellers’ advisors that goodwill should be at least 80% of the total purchase price or worse, they suggest that anything lower than 80% will draw the attention of the IRS....  Read More
Posted 12/11/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 235
I decided to write this blog series mainly because of the pushback we get from sellers’ advisors on some of the information we request when representing the buyer. The second items I’ll discuss are the practice management reports for production by provider by ADA code and production by...  Read More
Posted 12/3/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 342
I decided to write this blog series mainly because of the pushback we get from sellers advisors on some of the information we ask for when representing the buyer. The first item I’ll discuss are W-2s by year along with an employee roster for that year noting positions, average hours worked...  Read More
Posted 8/10/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 337
This is part five and the final part of my five part blog on “What’s most important to YOU when looking to purchase a practice? In case you missed part I, there’s a great thread on ) asking this question and it got a lot of great feedback from people with different perspectives....  Read More
Posted 7/8/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 361
This is part four of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed part I, there’s a great thread on )asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I...  Read More
Posted 6/18/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 378
This is part three of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed part I, there’s a great thread on ) asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I...  Read More
Posted 5/15/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 394
This as part two of my five part blog on “What’s most important to YOU when looking to purchase a practice ? In case you missed asking this question and it got a lot of great feedback from people with different perspectives. As a reminder, I won’t be telling what SHOULD be...  Read More
Posted 5/5/2015 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 754
What’s Most Important To You When Looking To Purchase A Practice?
My good friend and fellow townie (that’s what we call members of, the forums board) Dr. Tom Bonsack posted a great thread on dentaltown with that question, “What’s most important to YOU when looking to purchase a practice?” It got a lot of great feedback from people with...  Read More
Posted 4/15/2013 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 1  |   Views: 7081
During my many buyer representation engagements I tend to see some common issues when it comes to practice valuations that sellers could have avoided to help maintain their practice values. Here are some of those areas. 1. Clean Record Keeping: Remember, buyers and their advisors will be...  Read More
Posted 3/21/2013 by Tim Lott, CPA, CVA in Tim Lott-Your Trusted Dental CPA   |  Comments: 0  |   Views: 618
So we get a question on our FB page "an equipment vendor told me that if i buy a Cerec Machine with the tax code as it is today i can basically get the machine for free, is that true ?" My first thought for a reply was "have you ever heard the saying, "if it's too good to be true it probably is...  Read More
Categories: Tax Strategies

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