The New Dentist, an influential online industry magazine, has named Allen Schiff, CPA, CFE the Best Dental Accountant for 2021. Schiff, president and founder of Schiff & Associates, based in Towson, MD, was nominated by many clients for freely donating his time to helping dental practices understand the impact of COVID-19 — whether they were clients or not.
“As CPAs we had two choices: to put our head in the sand or walk stride for stride with our clients holding their hands to get through the pandemic,” Schiff told the magazine. “I chose the second route.”
Over the past year, Allen has participated in many ADA and state dental association webinars, informing attendees of the financial aspects of the CARES Act
“They held multiple virtual meetings on evenings and weekends to help me navigate the complex processes, covering PPP1 and PPP2 loans, EIDL loans/grants, state grants, HHS grants, ERTCs and more,” client Eric Morse, DDS, said of Schiff & Associates. “They donated significant hours of their time to give national webinars to dentists at no cost.”
Schiff & Associates has been instrumental in securing nearly $30 million in PPP loans and other funding sources for his clients.
“Many times, we received Allen’s emails to provide guidance or update us on the constant changes relating to the pandemic and all the PPP/Employer Tax Credit/Grant programs, etc., late at night or … extremely early in the morning at 1, 2 a.m. and sometimes after a few hours at 5 or 6 a.m.,” said client Trang Ton, DDS. “We were way ahead of our fellow dentist friends with all the business, accounting and tax aspects of the pandemic and felt very confident getting back on our feet and on track because of this amazing accounting team.”
Schiff’s nominations also noted his tireless lobbying of the American Dental Association for changes that benefit dentists; his attendance at continuing education courses and sending reports back to his clients; and his longtime role as an instructor at the University of Maryland School of Dentistry and other dental schools on the business side of dentistry.
Schiff, who is president of the Academy of Dental CPAs (ADCPA), has more than 35 years of experience in dental accounting and practice management. A graduate of the University of Baltimore, he is an accomplished speaker, contributing writer to Dental Economics magazine, and a multiple recipient of the SMART CEO award in the State of Maryland. His firm guides 265 practices across the nation.