Dental Practice Sales & Transitions
Allen M. Schiff, CPA, CFE
Allen Schiff is the managing member of Schiff & Associates, LLC (S&A). Prior to forming S&A, Allen was a partner with Schiff & Associates (formerly Grabush, Newman) for 30 years and was their practice leader for dental practice management services. Allen has over 35 years of experience in the areas of dental practice management. Allen’s services include business planning to include obtaining financing, succession planning, exit strategies, and long-range planning. Allen has assisted dentists with practice acquisitions, start-ups, operational analysis, and associate contract analysis.
Allen received his BS degree in accounting from the University of Baltimore (June 1975) and is an accomplished speaker on topics such as dental practice management, transition planning, choosing a dental CPA, obtaining financing, identifying embezzlement in the workplace, and business start-ups.
Allen has published numerous articles within the dental industry and can frequently be seen in Dental Economics, as he is a contributing writer to the magazine. In 1998, Allen earned the designation of Certified Fraud Examiner (CFE), having the expertise to resolve allegations of fraud, obtain evidence, take statements, write reports, testify to findings and assist in the detection and prevention of fraud and white-collar crime.
Allen is the President of the Academy of Dental CPAs (www.adcpa.org). This group of very knowledgeable CPA firms across the nation specializes in practice management services to the dental industry for over 9,000 clients. He serves on the ADCPA Executive Committee and is Chairperson of the ADCPA Marketing & New Members Committees. The ADCPA combines its outstanding resources and expertise to share information and jointly develop resources to better serve the dental community.
Allen enjoys sharing his dental practice management knowledge. He continues to present to the ADA (American Dental Association), the AGD (Academy of General Dentistry), AAPD (American Academy of Pediatric Dentists), local Mid-Atlantic societies, as well as various dental study clubs. For the last 34 years, Allen has taught at a local dental school as well as 8 other national dental schools on the subject of dental practice management. Allen is a current Board Member of the Maryland State Dental Association Foundation (MSDAF) as well as a Consultant to the ADA (September 2019). Recently, Allen has been on various ADA webinars along with various State Dental Associations webinars informing the attendees of the financial aspects of the CARES Act during the COVID-19 crisis.
Tax Ramifications of Selling A Dental Practice:
Sole Proprietorship, Partnership or Corporation
by Allen Shiff, CPA, CFE
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