Author: Kara Hutcheson

As your dental practice grows, you'll likely consider bringing on additional professionals - perhaps an associate dentist, specialist, or hygienist. But before you extend that offer, there's a crucial decision that could significantly impact your practice's financial health: determining whether to classify them as an employee or independent contractor.

Let’s think about this from a different perspective. Think of the dashboard of your car. Your car’s dashboard provides essential information such as speed, fuel level, engine health. This information is imperative to make informed decisions while driving. Imagine driving a car without one. This could leave you stranded on the side of the road without fuel, or with citations for speeding, which are not good things. This is the same power as your financial statement. It is like the financial dashboard for your practice. It gives you the power to make informed decisions for your business. Without the financial statement, it can be difficult to steer your practice in the right direction.