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- Title
Your Practice is Your Business.
- Authors
McNulty, Mark
- Abstract
The author offers advice to dentists about making smart financial decisions in running their dental business practice. He notes that many dentists obtain financing for practice expenses at higher interest rates, which includes the use of credit cards. He cites that a dentist in good financial condition need not pay such high rates and should get opinion for the most cost- and tax-efficient financing method. He also presents the lease-versus-buy decision, in which factors such as the all-in-cost, cash flow and taxes should be considered.
- Subjects
DENTISTRY; FINANCE; DENTISTS; CREDIT cards; CASH flow; TAXATION
- Publication
Ontario Dentist, 2010, Vol 87, Issue 10, p30
- ISSN
0300-5275
- Publication type
Article