Should You Sell to a DSO?

Nate Williams General, Practice Transitions 2 Comments

Should You Sell to a DSO? Heck No! Over the past several years, dozens of our clients have been approached by DSOs requesting to buy their practice. In the past year, this DSO activity has increased significantly. The DSOs are becoming more aggressive and persuasive in their effort to centralize ownership and power in the dental industry. Dentistry is one of the best, most profitable small businesses in the country, but if dentists aren’t careful, they will give it away. When asked by our clients if they should sell, we always keep an open mind, investigate the offer, and analyze the numbers. In every case, without exception, our conclusion has been this: unless you want to get out of dentistry permanently, or unless you cannot handle being an owner1, do not sell! Lest you think I am biased, let me restate my own position. I am a CPA and I …

Nate WilliamsShould You Sell to a DSO?

Should I Invest in Bitcoin?

Nate Williams General Leave a Comment

If you’ve ever seriously considered buying Bitcoin, please read this article. The principles I’ll discuss below also apply to gold, other forms of currency substitutes and any other speculative (non-productive) investments (e.g. precious metals, stamps, baseball cards, etc.). Around the time Bitcoin reached its then price peak of $19,650.01 on December 17, 2017, we received as a firm a record number of calls from clients who wanted to jump on the bandwagon. For reasons I’ll discuss below, we recommended to not buy Bitcoin. The Bitcoin party quickly died as the Cryptocurrency fell into an almost 3-year slumber (in comparison) with prices dipping almost to $3,000 at some points. Our clients dodged a bullet and we got to look smart, for a season. Now that Bitcoin is back, and with more fanfare than ever (peaking today at a staggering $58,194.50), the number and frequency of client inquiries are heating up again. …

Nate WilliamsShould I Invest in Bitcoin?

PPP 2.0 – What to Know and Do Now

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Overview On December 27, 2020, President Trump signed the “Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (aka “EAA”). Among many other things, the EAA created the “Second Draw PPP Loans Program,” (what we’re calling PPP 2.0) which gives you the chance to basically get the same PPP loan again. Since then, the Treasury Department has released additional guidance providing clarification of this loan program, which I cover below. Many of the details and terms of the loan mirror the first round of PPP loans, hence the term PPP 2.0.   Who is Eligible? PPP 2.0 is eligible for businesses, sole proprietors, and independent contractors who:

Nate WilliamsPPP 2.0 – What to Know and Do Now

Value Investing: What Does this Mean and How does it Impact You? (Part 2 – Webinar!)

Spencer Kenley General Leave a Comment

In our previous blog post, we discussed what value investing is and why we have positioned our PFG Portfolios to take advantage of the value premium. For this week’s post, we hosted a webinar to discuss recent trends in the market (including the recent value premium) and what that means for our portfolios. In case you missed it, check out the recording here! PFG Investments Webinar (11/20/20).

Spencer KenleyValue Investing: What Does this Mean and How does it Impact You? (Part 2 – Webinar!)

Value Investing: What Does this Mean and How does it Impact You? (Part 1)

Spencer Kenley General, Investments Leave a Comment

In the world of investments, one way to classify stocks is to differentiate between what are known as “growth” and “value” stocks.  The difference is this: growth stocks are relatively more expensive than value stocks; in other words, a growth stock means that an investor must spend more upfront to own the same amount of company assets.

Spencer KenleyValue Investing: What Does this Mean and How does it Impact You? (Part 1)

PPP Update – House Passes New Bill

Nate Williams COVID-19 Updates, General Leave a Comment

On Thursday, May 28, the House of Representatives passed a new bill (417-1 in favor), which will drastically alter the rules and timeline surrounding PPP Loan Forgiveness. While the legislation has not been signed into law yet, we anticipate that a version of it will soon. There may still be changes to the new law before it passes through Senate, but as it stands now, here are some of the major changes:

Nate WilliamsPPP Update – House Passes New Bill

Webinar Recording: PPP Loan Forgiveness

Nate Williams COVID-19 Updates, General Leave a Comment

In this recording, Nate discusses PPP loan forgiveness and answers questions. You can access the full recording here: Webinar Recording – PPP Loan Forgiveness Review with Q&A 2.0 Slide Deck – PPP Loan Forgiveness Webinar (5.21.20)

Nate WilliamsWebinar Recording: PPP Loan Forgiveness

PPP Forgiveness Webinar

Nate Williams COVID-19 Updates, General Leave a Comment

Nate will be hosting a webinar at 5:15 PM PDT on May 21, 2020. Register for the webinar here. In this webinar, Nate will cover: Principles of PPP Loan Forgiveness Updates from the SBA and Treasury on forgiveness rules Plan and timeline for helping PFG clients apply for forgiveness Please be sure to register and come prepared with any questions you have!

Nate WilliamsPPP Forgiveness Webinar

PFG’s Employment Guide For Returning to Work

Nate Williams COVID-19 Updates, General 1 Comment

A month ago, we published our blog post “PFG’s Employment Guide During COVID-19 Crisis.” At the time, offices across the country were shutting down. Now, after a month in hibernation, dental practices are slowly beginning to reopen, bringing a whole new set of questions and concerns. First, let me disclaim the obvious: we are not HR specialists. On our team, we have eight CPAs but not one CPA-level organizational behavior person. Fortunately, there are many smarter than me in this area who are sharing a lot of good information and ideas on the topic of human resources.

Nate WilliamsPFG’s Employment Guide For Returning to Work

Webinar: PPP Loan Q&A with Nate Williams

Nate Williams COVID-19 Updates, General 1 Comment

In this webinar, Nate discusses the PPP Loans and gives guidance regarding the timing and strategy of utilizing this benefit. See the full webinar by following the link below (the content of the presentation starts at about 3 minutes and 30 seconds into the video): Webinar Recording – PPP Loan Update and Q&A Slide Deck – PPP Loan Updates

Nate WilliamsWebinar: PPP Loan Q&A with Nate Williams