What We Do

Chicago Dental CPA

At CPM, LLC, we offer all the accounting services that typical firms provide because we all need “good numbers” as a way to measure practice performance. We do not sell a one-size-fits-all package. Instead, we tailor services to your practices’ individual needs.

Monthly Services

  • Monthly financial statements, including profit and loss statements and balance sheet reports
  • Monthly bank reconciliations with client balance to bank balance comparisons
  • Payroll Services
  • Preparation of payroll tax quarterly returns and year end W-2′s and 1099′s
  • Cash flow analysis

Additional Services

  • QuickBooks installation and set-up of dental-specific or medical-specific chart of accounts
  • Evaluating your business entity
  • Practice valuation
  • Personal financial planning
  • Doctor compensation planning and formulas for group practices
  • Bookkeeping operations review
  • Preparation of budget for income and expenses

Consulting

  • Advice on pension and profit sharing plans
  • Buy-ins, associate contracts and other practice transitions
  • Assistance in buy vs. lease decisions
  • Assistance in obtaining loans/leases
  • Pay packages for individual staff members
  • Recommendations for pay levels for different dental and medical team positions

Resources

  • Monitoring areas of income and expenses to industry benchmarks/performance measurement systems
  • Monitoring pay levels for staff positions
  • Assistance with choice of equipment to purchase, including financing information and tax benefits
  • Dental fee survey annually with individual results provided to participants
  • Periodic newsletters with usable content, such as tax law changes or year-end tax savings ideas
  • HIPAA compliance issues or embezzlement tips

Taxes

  • Tax planning
  • Tax returns for individual and all entities

The main difference between CPM, LLC and other firms is our strong desire to see you achieve your personal and professional goals. We understand your practice and want to work with you, not for you, to make those goals a reality. Isn’t it worth investing an hour of your time to explore how our unique approach could have an impact on your practice and your quality of life? Contact CPM, LLC to set up your consultation today.