Ostrow Reisin Berk & Abrams, Ltd.

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Dental Group

At ORBA, we recognize the many challenges dental professionals face. We also know that how those challenges are addressed today will have a great impact on how successful your practice will be in the future. Careful planning and precise execution is required in order to successfully meet those demands while positioning your practice to satisfy your patients’ evolving needs.

Since ORBA’s founding in 1977, the firm’s Dental Group has provided tax, accounting and consulting services to dental practices throughout the Chicagoland area and the Midwest. Our Dental Group’s experience encompasses practice specialties that include general and pediatric dentistry, orthodontics, periodontics, endodontics and maxillofacial surgery. Our comprehensive range of services is designed to inform and guide our clients at every stage of their practice’s lifecycle – from start-up through merger or sale.

Working side-by-side with our clients, ORBA’s Dental Group professionals are trusted advisors who provide smart, efficient solutions. Our clients benefit not only from ORBA’s depth of knowledge and industry expertise, but also from our personal approach. We take the time to understand each client’s organization, determine their specific needs, and help them meet their financial, business and retirement goals. We apply our experience and deep resources to address day-to-day as well as long-term strategic objectives that range from setting up accounting systems and preparing bank reconciliations to offering critical transactional advice to buyers and sellers.

ORBA’s Dental Group is on top of the issues that affect the dental industry. We are active members of professional organizations, including the National CPA Health Care Advisors Association and BKR International, that are dedicated to educating accounting professionals working in the health care and dental industries on tax and accounting compliance issues as well as industry-specific trends and operations. Our wealth of experience and ongoing commitment to understanding the latest industry innovations allow us to take a proactive role in keeping you informed. We work with you to seamlessly implement enhancements that help boost the accuracy and efficiency of your operations.

SERVICES

Tax Planning and Consulting

ORBA’s Dental Group works closely with our Tax Group to go beyond standard tax compliance services. This collaboration allows us to provide innovative and proactive strategies designed to maximize tax savings while minimizing risk. Our tax professionals continuously monitor the ever-changing federal and state tax laws to keep you informed of potential challenges and opportunities. You can be confident that ORBA’s tax professionals will provide you with proactive guidance and advice throughout the year so that we can help you avoid tax-time surprises and help you capitalize on available opportunities to reduce your tax burden.

Attest Services

ORBA’s Audit Group provides a wide variety of attest services for our dental practice clients. Our audit professionals perform financial statement audits and reviews, conduct agreed-upon procedures engagements, including internal control and fraud examinations, and evaluate receivables and cash receipts.

Our consultative approach is designed to provide you with numerous immediate and long-range benefits. In addition to performing an independent examination, we work closely with your practice’s partners and managers to identify opportunities to increase your efficiency, strengthen your internal controls and make a positive impact on your bottom line. By leveraging the vast experience and expertise within ORBA’s other industry groups, we help you maximize the value of your practice.

Consulting and Benchmarking

In addition to working with colleagues from our Tax Group, we also draw upon the expertise offered by our network of consultants to provide a variety of specialized services designed to help you run your practice as effectively and efficiently as possible. 

We apply more than 40 years of experience working with dental and other medical practices to make sure your financial reporting system is providing you with the information needed to properly manage your practice. Evaluating that information allows us to identify areas that may require attention and consult with you on improvements. If you have an issue or concern that is outside of our expertise, we are prepared to connect you with other resources.

Whether it’s benchmarking your financial situation by comparing it with those included in our recently published survey of dental practices, making sure that your taxes are managed as effectively as possible, or reviewing your operations to achieve optimal efficiency, ORBA offers the tools and information you require to manage your practice. 

Bookkeeping

ORBA’s Health Care Group collaborates with our Accounting Services Group to provide clients in the dental fields with the bookkeeping expertise required to ensure smooth day-to-day financial operations. Our goal is to manage your bookkeeping needs so that you can focus on meeting the needs of your patients.

Our professionals are Certified ProAdvisors who are familiar with Windows, Mac and online versions of QuickBooks. Whether the needs of your practice are simple or complex, our accountants can customize a chart of accounts to fit your requirements. We are experts in payroll tax issues and returns, sales tax returns and year-end information returns. In addition to offering services that are compatible with QuickBooks accounting software, we also provide hand-on staff training and a variety of essential functions such as cutting checks, preparing bank reconciliations and filing payroll tax returns.

For clients who do not have the financial resources or need for a full-time controller or accounting professional, ORBA’s Accounting Services Group is a cost-effective, efficient solution that offers the key resources required to oversee the accuracy of an organization’s accounting and financial systems.

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