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

Now that we’ve covered the meat and potatoes of my 2018 Townie meeting presentation lets go over some negotiating tips that will be useful in any purchase transaction you may find yourself dealing with.Let’s talk about the purchase price. While the price may not be the most important aspect of some...  Read More
Next up we’ll dive into practice mergers. This is a very exciting topic for me because the practice merger is probably one of the BEST investments an existing practice can make with likely the BEST ROI of all practice growth strategies. That’s my opinion anyway.Now, a “merger” is usually seen in...  Read More
My past blog talked about non-traditional GP practices and how you should approach them, this blog will talk about the “large practice” GP practices and the various ways you’ll need to deal with them.What do I mean by “large practice”?  The “large practice” is one which usually requires at least...  Read More
Recap from Townie 2018 PresentationBlog #2 talked about those “special” situation practices like the fixer-upper, the recent start-up, the refurbished practice and the vacant space practice. I wanted to share two actual case studies with you, one with the recent start-up and the other with the...  Read More
So my 2014 townie presentation covered the buying process of the typical general dentistry practice, however, what if it’s NOT the typical general dentistry practice? What about the practice that someone started 3-5 years ago that never quite blossomed (the recent start-up)? What about the practice...  Read More
In the summer of 2016, we were engaged by a buyer halfway across the country to assist them in buying a dental practice. The process went well, we provided the typical services during the process that included some aspects of income tax planning like price allocation, entity selection, etc. At that...  Read More
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
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
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
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
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
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
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
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

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