Accounting Blog

Dental Practice Lifecycle: Sale of Practice & Retirement

Posted on Mon, Sep 10, 2018

After the start-up and acquisition phase and years of hard work growing your own dental Practice, you may be ready to hang up the gloves and retire but are not sure where to start.

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Tags: accounting firm, Mount Airy, Greensboro CPA, LBA Haynes Strand Capital Advisors, business for sale, Matthews CPA, women dentists, dentists Charlotte, NC, Charlotte dentists

NC Sales and Use Collections on Remote Sales

Posted on Wed, Aug 29, 2018
The North Carolina Department of Revenue issued directive SD-18-6 on 8/7/18 to interpret the North Carolina sales and use tax law as a result of the United States Supreme Court decision in South Dakota v Wayfair.
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Tags: accounting firm, CPA, LBA Haynes Strand, tax, North Carolina, NC CPA Firm

Dental Practice Lifecycle: Growth & Maintenance

Posted on Tue, Aug 21, 2018

After the start-up and acquisition phase is complete and you have a regular patient base established, you’ll find yourself in the growth and maintenance phase.  At this point, you may be wondering how your Practice compares to others in the industry or maybe you’re ambitious and curious about growing into a two-Practice owner (three-Practice, four-Practice or more)!

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Tags: accounting firm, Mount Airy, Greensboro CPA, Matthews CPA, women dentists, dentists Charlotte, NC, Charlotte dentists

5-Time Inc. 5000 Honoree

Posted on Wed, Aug 15, 2018

Coming in at #3267 on the list with a 120% 3 year growth rate, LBA Haynes Strand has made the Inc. 5000 list for fastest-growing private companies in America for the 5th time in a row! We are proud of our team and this great accomplishment.

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Tags: Mount Airy, LBA Haynes Strand, Fastest-Growing Private Company, Inc. 5000, Greensboro, Charlotte, Charlotte, NC

Dental Practice Lifecycle: Start Up & Acquisition

Posted on Wed, Aug 08, 2018

Every dental Practice follows its own unique lifecycle, however, there are a few main phases it will pass through as it continues to grow and evolve that we’d like to focus on:

•    Start Up & Acquisition
•    Growth & Maintenance
•    Sale of Practice & Retirement

Before you enter any phase, we highly encourage any future Practice owner to seek out professionals who specialize in the dental industry.  There are many pain points that can be avoided by working with a CPA, attorney, banker, etc. who specialize in the dental industry and can guide you in the right direction from step one. 

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Tags: accounting firm, Mount Airy, Greensboro CPA, Matthews CPA, women dentists, dentists Charlotte, NC, Charlotte dentists

Tax, Investment, & Planning Opportunities in 2018

Posted on Thu, Jul 19, 2018

For the past several years, LBA Haynes Strand has worked with our partners at HK Financial Services to provide wealth management planning strategies for our clients. Last week LBA Haynes Strand and HKFS presented an economic update webinar. We understand that life and schedules are extremely busy, so we wanted to provide a copy of the webinar for our clients and friends who may have missed the live showing.

In the video below, our speakers, John Bly, Principal and CEO at LBA Haynes Strand, Ann McCorkindale, Partner Emeritus at HKFS, and Suzanne Tudor, Director of Financial Planning at HKFS, discuss volatility and opportunities in the global synchronized expansion.

They also review financial and estate planning under the new estate tax law.

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Tags: LBA Haynes Strand, tax planning tips, wealth management, Estate planning, HKFS, webinar, investment planning

Dental Practice Lifecycle: Introduction

Posted on Tue, Jul 10, 2018

Over the next few weeks our dental team here at LBA Haynes Strand will be presenting a series of blog posts related to the lifecycle of a dental Practice. Items we will be highlighting include:

• An overview of the stages within the dental Practice lifestyle
• Key questions to ask when buying a dental Practice
• Selling your dental Practice

As we move through these topics we will strive to provide up to date, informative and helpful information for today’s dental Practice owner whether you are in the first stages of starting your Practice or looking at retirement.

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Tags: accounting firm, Mount Airy, Greensboro CPA, Matthews CPA, women dentists, dentists Charlotte, NC, Charlotte dentists

LBAHS Day 2018: Out of the Garden Project

Posted on Tue, Jul 03, 2018

“I firmly believe the greatest responsibility we have as a firm is to serve our clients, our people and our community. Working with the Out of the Garden Project is one of the most fulfilling efforts in our year.”- Dave Recchion, Office Managing Partner, LBAHS Greensboro Office.

This year, LBA Haynes Strand got the amazing opportunity to go back to the Out of the Garden Project (OOTGP) to help out for a second year. Our LBAHS Day is an annual community service day where we close our office doors and focus on giving back.

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Tags: Mount Airy, LBA Haynes Strand, accountant, Greensboro, Charlotte, Matthews, NC

Tax Implications of South Dakota v. Wayfair, Inc.

Posted on Wed, Jun 27, 2018

On Thursday June 21, 2018,  the Supreme Court issued its much anticipated opinion in the landmark case of South Dakota v. Wayfair, Inc. fundamentally changing the sales tax landscape in the United States.

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Tags: CPA, Mount Airy, Greensboro, New law, business owners, Charlotte, NC, tax policy

Free Webinar: Economic Update

Posted on Mon, Jun 18, 2018

Please join us on Thursday July 12, 2018 at 11am for an economic update webinar discussing volatility and opportunities in the global synchronized expansion! We will also review financial and estate planning under the new estate tax law. The webinar will be presented by John Bly, Principal and CEO at LBA Haynes Strand, as well as Ann McCorkindale, CFA, CFP and Suzanne Tudor, CFP, J.D. with HK Financial Services. LBA Haynes Strand works with HK Financial Services to provide wealth management strategies for our clients. 

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Tags: LBA Haynes Strand, Wealth Planning, wealth management, free webinar, webinar