Dental Financial Planning Turning Chaos into Financial Freedom - Part 7

Dental Financial Planning Turning Chaos into Financial Freedom - Part 7

2/11/2026 5:25:12 AM   |   Comments: 0   |   Views: 43

Turning Chaos into Financial Freedom - Part 7

View More Episodes: https://podcasts.apple.com/us/podcast/the-dental-boardroom/id1518344747


Welcome back to the Dental Boardroom Podcast with Wes Read, CPA, CFP. In this episode, Wes continues the discussion on financial planning for dentists—specifically the tax side of financial strategy (Part 2).

He breaks down why proactive tax planning is essential to avoid big surprise bills, how to forecast your tax obligations throughout the year, and the best strategies for managing payroll and estimated tax payments. Wes also explains the relationship between your W-2, flow-through profits, and taxable income—helping you better understand how your S-Corp structure impacts your taxes.

Whether you’re a dentist running your own practice or simply looking to take control of your tax planning, this episode provides a practical framework to reduce stress and gain financial clarity.

Key Points

1. Many CPAs are too busy to stay proactive—dentists must take ownership of tax planning.
2. Goal: a small refund (ideally $1,000) rather than large surprise tax bills.
3. Importance of forecasting at least twice a year (mid-year and year-end).
4. Why payroll scheduling matters for both cash flow and accurate tax planning.
5. Two main ways dentists pay income taxes: payroll withholdings (W-2) and estimated tax payments.
6. Understanding how W-2 income and S-Corp flow-through profits combine on your 1040.
7. Why Practise CFO often prefers payroll deductions over quarterly estimated tax payments.
8. Benefits of using consistent payroll schedules (1st & 15th or 15th & last day) for planning.

Want more podcasts from The Dental Boardroom? - https://podcasts.apple.com/us/podcast/the-dental-boardroom/id1518344747
Want more podcasts from The Dental Sales? - https://podcasts.apple.com/us/podcast/the-dental-practice-sale/id1677648235

Discover Your Complete Financial Team: https://practicecfo.com/
Discover The Best Marketplace to Buy or Sell a Dental Practice: https://practiceorbit.com/

PracticeOrbit:
Facebook - https://www.facebook.com/profile.php?id=61559125754834
LinkedIn - https://www.linkedin.com/company/practiceorbit/

PracticeCFO:
Facebook - https://www.facebook.com/PracticeCFO
LinkedIn - https://www.linkedin.com/company/practicecfo
You must be logged in to view comments.
Total Blog Activity
997
Total Bloggers
13,451
Total Blog Posts
4,671
Total Podcasts
1,788
Total Videos
Sponsors
Townie Perks
Townie® Poll
Do you still use film?
  
The Dentaltown Team, Farran Media Support
Phone: +1-480-445-9710
Email: support@dentaltown.com
©2026 Dentaltown, a division of Farran Media • All Rights Reserved
9633 S. 48th Street Suite 200 • Phoenix, AZ 85044 • Phone:+1-480-598-0001 • Fax:+1-480-598-3450