Dental Accounting FAQ’s

The Schultz Dental Advantage™ was built specifically for dental practice owners who want more than annual tax preparation. Our team provides year-round accounting, proactive tax planning, payroll, KPI reporting, and strategic business advisory services designed around the unique financial needs of dental practices.

Rather than relying on a single accountant, your practice benefits from a collaborative team with expertise in tax, accounting, payroll, and financial analytics. This team-based approach allows us to provide timely advice while ensuring every client has access to the right expertise when it matters most.

No. We believe the most valuable conversations happen throughout the year—not just when it’s time to file a tax return.

Dental practices receive monthly financial statements, including balance sheets, profit and loss statements, reconciliations, and year-to-date comparisons. We also conduct proactive tax planning approximately three times each year and perform KPI analysis twice annually to help practice owners understand their financial performance and identify opportunities for improvement.

We focus on proactive advice instead of simply preparing tax returns. Our Schultz Dental Advantage™ program provides structured planning, performance reporting, and access to an experienced advisory team throughout the year.

Absolutely. Many of the tax strategies discussed on social media are legitimate planning techniques that have been used by experienced tax professionals for decades. While these ideas may seem new online, they have long been part of proactive tax planning for business owners.

Jeff Schultz and Jason have been implementing many of these strategies for dental practice owners for years. Depending on a client’s circumstances, planning opportunities may include cost segregation studies, accelerated depreciation, cash balance retirement plans, S corporation planning, reasonable compensation analysis, real estate ownership strategies, and practice transition planning.

The real value is not simply knowing these strategies exist. The value comes from understanding which strategy is appropriate, when it should be implemented, and when it should not. Every dental practice is different. In many cases, one carefully selected strategy creates more value than trying to implement several simply because they are popular.

Yes. We work with dental practices ranging from single-location offices to established multi-location organizations.

Several of our clients own multiple practices, including organizations operating five, eight, and even dozens of locations. Depending on the ownership structure and reporting requirements, we prepare separate business tax returns, consolidated returns where appropriate, and provide accounting support across multiple related entities.

We also assist dental practices with operations in multiple states, including Michigan, Indiana, Ohio, Florida, and Illinois. As practices grow, our accounting and tax services are designed to grow with them.

Yes. Tax planning is one of the cornerstones of the Schultz Dental Advantage™.
Our team evaluates opportunities throughout the year rather than waiting until tax season. Whether the discussion involves purchasing equipment, retirement planning, entity structure, real estate ownership, or preparing for the purchase or sale of a practice, we help dentists make informed decisions before deadlines pass.

The objective is simple: identify opportunities early, minimize surprises, and help practice owners make tax-efficient business decisions throughout the year.

In addition to monthly financial reporting, we prepare customized KPI reports twice each year for many of our dental clients.

These reports analyze important financial measurements, compare results to prior years, evaluate key expense categories, and benchmark performance against industry expectations. We can also customize reporting to include measurements that are important to your individual practice.

Our goal is not simply to provide reports—it is to provide meaningful insight that helps dentists make better business decisions.

Yes. Schultz & Associates has a dedicated in-house payroll department that manages more than 100 live payrolls.

Unlike many national payroll providers, our clients work directly with experienced payroll professionals who know their business and understand their employees. This personalized approach allows us to provide responsive service while helping ensure payroll remains accurate, timely, and compliant.

No. While Schultz & Associates is proudly rooted in Canton, Michigan, we work with dental practices throughout Michigan and across the country.

Technology allows us to serve clients wherever they are located, while our team continues to work together from our Canton office. Because our professionals collaborate daily, clients benefit from the combined knowledge of specialists in tax, accounting, payroll, and financial analytics—all working together on their behalf.

Absolutely. Buying or selling a dental practice is one of the most significant financial decisions many dentists will make.

Our team provides guidance on tax planning, entity structure, depreciation opportunities, retirement planning, and post-transaction strategies designed to help practice owners maximize opportunities while avoiding costly surprises.

Dental practices face unique financial and tax challenges that often require specialized experience. Equipment purchases, practice acquisitions, retirement planning, payroll, associate compensation, multi-location ownership, and KPI analysis all require an understanding of how dental practices operate.

The Schultz Dental Advantage™ combines decades of tax and accounting experience with a team that focuses on the business of dentistry every day. Rather than simply preparing tax returns, we help dentists understand their financial performance, identify opportunities, and make informed decisions throughout the year.