Practice CFO

We our clients! Regram from Sinclair Smiles - Marisela Sinclair, DDS - MANY thanks for the kind words! Read her full caption below: Always great seeing our favorite CPA, Drew with @practicecfo ! Drew and the awesome @practicecfo team worked tirelessly getting all the details sorted out for not only our practice, but for hundreds of others throughout the country pertaining to #covid dental practice closures, government assistance programs for #smallbusiness owners, etc. They continue to help efficiently navigate through COVID related discussions. We are grateful for Drew and his team! Thank you for lunch!

Dr. Timothy Garofolo of The Dentistry Collective shares his experience as a PracticeCFO client.

We truly have the best clients! It's always heartwarming receiving handwritten notes like this one from the other day. Never fails to put a smile on our face. Many thanks for the kind words - we couldn't be happier to help!

The SBA made critical changes yesterday to the Paycheck Protection Program loan provisions put in place by the CAREs Act. The key provisions and impact to our practice owners can be found on our blog. The link to our blog is below: https://www.practicecfo.com/critical-updates-to-the-7a-ppp/

PracticeCFO’s 10 Step Action Plan for dental practice owners on how to navigate COVID and the related government stimulus packages can be found on our website, which includes a walk-through video demonstration. Or you can use the links below. Link to action plan PDF: https://www.practicecfo.com//PracticeCFOs-COVID-Financial-... Link to action plan video guide: https://www.practicecfo.com/the-practicecfo-covid-19-finan/

UPDATED: Upcoming PracticeCFO Webinar for all Clients and U.S. Dental Practice Owners Dear U.S. Dental Practice Owner, Due to incredible demand for our national webinar at 12:00pm PST on Friday, March 27, 2020 about Financial Moves You Can and Should Be Taking to Protect Your Employees and Practice During the COVID-19 Quarantine , we have secured a larger webinar forum. Please note that the link is new and requires registration. The prior link will not work.... Feel free to forward this invitation to your colleagues, study groups, or state/local dental associations. We look forward to sharing all we know, feedback from our clients, and answering your questions. You are invited to a Zoom webinar. When: Mar 27, 2020 12:00 PM Pacific Time (US and Canada) Topic: Financial Planning for U.S. Dental Practice Owners Through COVID-19 Register in advance for this webinar: https://zoom.us/webinar/register/WN_Ih72C6a1TpKnLW0CWqLEzA After registering, you will receive a confirmation email containing information about joining the webinar. Topic Financial Planning for U.S. Dental Practice Owners Through COVID-19 Description We will go into a lot of detail about how dental practices across the U.S. can deal financially with employee issues and practices cash flows, including: Explain unemployment, sick, and medical leave laws related to C19, and how they related to dental practices Prefacing the new CARES bill that is forthcoming and how it relates to dentists Conserving cash to sustain your practice during this time Using your downtime to strengthen your practice and prepare for a successful resumption of operations Sharing real experiences we've been hearing from our clients regarding SBA loans, deferrals, lines of credit, etc. Q&A

PracticeCFO continues to work through the current and proposed legislation. We have posted our most popular questions and answers on our blog. You can view our most recent post at the link below: https://www.practicecfo.com/more-covid-19-qa-for-dental-pr/

PracticeCFO continues to monitor and synthesize all of the latest information around COVID-19. Our market updates can be found on our blog (link below), which contains all of the current relevant information for our dentists and dental practice owners. We will continue to post new information as close to real time as possible to help keep you informed! Please contact your CFO for direct assistance as it pertains to your unique situation.... Link to Blog: https://www.practicecfo.com/blog/

Our valued client, Southern California Periodontics and Implantology - Tina Beck, DDS, MS, has put together a video to help keep us all be safer during an uncertain and unfortunate time. - thanks Tina! https://youtu.be/H8ZlEK-FKl8

In an effort to share with our clients and community across 16 states, we’ve prepared this email to summarize our recommendation for you, as a practice owner and client of PracticeCFO. It’s important that you take the time to review this content so (1) you are aware of the various options available to help you through this period of financial hardship and (2) know how we are responding to help you. Read more on our blog at the link below: https://www.practicecfo.com/financial-moves-you-can-make-n/

Given the current state of our markets, our founder and CEO, Wes Read, would like to provide the following words for our investors.

A fine time at Finely Home Designs. Our friend and client has opened a beautiful boutique design store in San Marcos, CA that is guaranteed to add a fresh look to your home or office!

For our practice owners to reach the ultimate goal of financial independence, they must first intimately understand the most significant contributor to their wealth, their practice. . At PracticeCFO, we give our practice owners complete transparency of their practices' ability to generate wealth and provide the on-going support necessary to make progressive changes that will inevitably get them to the end goal, financial independence.