I’m joined by a true star in the dental industry, Chris Cuadros from Crossroads Tax Advisors. Chris and his team are experts at helping dental professionals succeed, bringing modern accounting solutions and business technology to the table to help create real-time financial success.
HIGHLIGHTS – Dental Accounting
- [00:16] Introducing Chris Cuadros
- [01:00] Crossroads background
- [03:28] Why dentists need a dental-specific CPA
- [05:47] Necessary tax compliance elements for dentists
- [10:53] Accounting as the language of business
- [14:44] Using modern technology to make accounting easy for everyone
- [16:26] Biggest issues in tax and accounting in dentistry
- [17:41] The benefits of working with a dental-specific accounting firm
- [20:47] How coaching and consulting enhance business success
- [22:03] The one thing you can do today to improve your tax savings
- [24:30] Where to learn more about Crossroads and Chris
RESOURCES
QUOTES – Dental Accounting
- [01:34] Dentists are good folks; they just need help because you don’t get business courses in dental school. – Chris
- [07:13] You have to figure out where the money’s coming in, where it’s going out, and where there are some opportunities to improve overhead. – Chris
- [11:40] Having KPIs that have KPIs is just like having x-rays and not knowing what to do with them. And being educated to make decisions based on the KPIs is very important. – Alex
- [13:10] A very bad lawyer is one that represents themselves. – Alex
- [14:27] You can still run your business like a business and provide amazing customer service and a great patient experience.- Alex
- [18:18] Typically, our first-year client will have a 6% increase in revenue and an 8% to 10% increase in profits with an average of 212% increase in retirement savings. – Chris
- [20:55] Success is a culmination of multiple decisions. And the better decision you can make, the better off you’re going to be. –Alex
About Alex Nottingham JD MBA
Alex is the CEO and Founder of All-Star Dental Academy®. He has authored the dental practice game-changer book “Dental Practice Excellence” and co-wrote a bestselling book with Brian Tracy. Alex has shared the stage with Michael Gerber (the author of “The E–Myth Revisited”), and lectures nationally and internationally to prestigious dental organizations. He is a former Tony Robbins top coach and consultant, having worked with companies upwards of $100 million. His passion is to help others create personal wealth and make a positive impact on the people around them. Alex received his JuAboutris Doctor (JD) and Masters of Business Administration (MBA) from Florida International University.
