Virtual CFO & Tax Preparation

My name is Troy C. Patton, a CPA in Indianapolis.  I am an American Dental Association approved educator and speaker for ADA events as well as managing partner of a CPA and Consulting firm. 

I also speak with local Dental groups throughout the United States and have over 200 Dentists as clients from New York to Indiana to California.  In 2005, I was named the Outstanding CPA in public practice.

Unless you're a one-person-shop small-town dentist, chances are you employ a bookkeeper or have an accountant helping you or doing your books and financials.

Because ALL your money, your cash flow, your billings, collections, bi-monthly payroll, accounts payable, accounts receivable and last but not least - your TAXES, flow through this person, it is critical that they don't just "record history" for your practice.  Many Accountants are great at recording history, but few actually are experts in dealing with Dental practices and helping you create wealth.

If you had the money, you would invest in and hire a CFO (Chief Financial Officer) that would not only make sure your check book balanced and you're collections were up to date, but who would answer tough money questions and give you STRATEGIC advice on issues like:

• How can I legally reduce my tax liability?

• How can I maximize my practice cash flow?

• Should I minimize my personal practice income to pay less taxes or maximize it for retirement purposes?

• What are the best investment vehicles to build my retirement nest egg?

• Should I have a 401(k) plan for my staff?  If so how do I structure it?

• I have a 401(k) plan today, am I being overcharged for fees and commissions?

• Should I continue my office lease or be looking to buy a commercial building?

• What is the real dollar value of my practice in case I want to sell it one day?

• How do I financially bring on an associate (or get rid of one)?

• Is the Section 179 tax deduction a good reason to buy some equipment at year end?

Unfortunately these are the questions a bookkeeper or an average public accountant won't know the answer to.  Often even a good bookkeeper or accounting firm will give weak or bad advice or answers because they don't deal with dentists every day and the unique aspects of a dental practice.

Bad Financial Advice Can Cost You Thousands Of Dollars

The result of "bad advice" can cost you thousands or hundreds of thousands of dollars.  Why?  Because as a dentist you require large amounts of capital to operate your dental practice.  You generate large amounts of revenue from your clients.  You pay yourself and your staff healthy sums of money.  And your education to become a dentist cost more than the average business person.

Because there are more "zeroes" on the end of just about everything you do financially, when you do make a mistake the zeroes on the mistake are BIG TOO!

Understanding this we've built an Accounting & Tax Preparation service just for dentists that we call Virtual CFO and Tax Preparation.

For a fixed monthly fee we will balance your books each month, complete your annual corporate AND personal tax return, generate the annual financial statement for your dental practice and once a year, prepare a Financial Health Assessment that overviews your financial strengths and weaknesses.

In addition you can have UNLIMITED DISCUSSIONS with our internal experts by phone or in person.  That's right, as long as you're our client, you can have U-N-L-I-M-I-T-E-D phone calls or emails or physical meetings with our staff, ask them questions, pick their brains and use their expert advice to increase the "financial productivity" of your dental practice.  Our experts include our:

• CPA's - Certified Public Accountants

• MBA's – Financial Experts

• Business Valuation Experts

• Investment and Financial Planners

• Payroll Specialists

• Tax Return Specialists

Are You Getting "Nickel And Dimed" For Every Question & Call You Make?

In most accounting and CPA firms when you call up to ask questions of any length, the clock starts running.  People often complain they are "nickel and dimed" by their CPA.  That's how they make their money.

But with Finance Geeks parent company, Patton and Associates, LLC, you don't have to worry about picking up the phone, sending us an email or a fax -- and then getting billed EXTRA for a consultation call or meeting.

So if you feel like you're not getting any or good financial advice from your current accountant, or your CPA is not the financial expert you thought he or she was, or you have a tax dilemma, or you feel you can get better advice, tax work AND save money at the same time, then give me a call, Troy Patton at 317-581-1300 x52.

And in case you have a question on our pricing, again it is $3,600 to $6,000 per year (paid monthly) for balancing your books each month, completing your annual corporate AND personal tax return, generating the annual financial statement for your dental practice.  And once a year we will prepare a Financial Health Assessment and Practice Budget that overviews your financial strengths and weaknesses all along with UNLIMITED Consultation.

I would like to invite you to meet with me at a time and place convenient for you or let me buy you Breakfast, Lunch, or Dinner.  As an ADA approved educator, I can help you to Unlock the Wealth in Your Practice.

I can be reached at (317) 581-1776 or (800) 800-1776 or by email at tpatton@pattonandassociates.com.

Sincerely, Troy C. Patton, CPA