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Depreciation: The #1 Tax Break For Dentists
Depreciation: The #1 Tax Break For Doctors Most doctors fall into the 32% or 37% tax bracket. Needless to say, taxes are and will continue to be our BIGGEST expense. After purchasing a building and new equipment many years ago, I remember my CPA mentioning something about saving taxes...  Read More
1468 Wes Read, CPA, CFP, of PracticeCFO on Running a Financially Independent Practice : Dentistry Uncensored with Howard Farran
Wes Read is has been working exclusively with dentists for 15 years as a dental CPA and financial advisor. He also has the Certified Financial Planner designation. After graduating from BYU in 2005 with a Masters in Accounting, he worked for Ernst and Young, a big four accounting firm. Eventually...  Read More
The Benefits of Outside Experts
The Super Rich often work with a broad range of professionals to help them manage their financial lives. It might be smart for you to do the same. Here’s why, and what t look for when you need help from a specialized expert.      Read More
1467 Dr. Parth Patel, DMD, FAGD, FICOI, on Buying a Dental Office During a Pandemic : Dentistry Uncensored with Howard Farran
Dr. Parth Patel grew up in Atlanta and earned his Doctor of Dental Medicine (DMD) from Midwestern University, College of Dental Medicine in Illinois after receiving his undergraduate degree in Microbiology from the University of Georgia. He then further continued his journey by pursuing Advanced...  Read More
What You Should Consider When Choosing Marketing Strategies with Grace Rizza
There are many things to consider when  You want to design strategies on how to develop your brand, how to get your name out there, how to gain more customers, etc. Grace Rizza is with us today to give us her insight on what to consider when choosing marketing strategies.  Grace Rizza began growing...  Read More
Dr. Dick Dykman, DDS: A Power User's Perspective on the Infinite Banking Concept
Have you ever wondered if IBC actually works? If so, you’re not alone. In today’s episode we interview Dr. Dick Dykman, DDS and he shares with us how he has used the Infinite Banking Concept in his dental practice as well as his personal life over the last 14 years. In addition to providing his...  Read More
5 Ways to Recession Proof Your Dental Practice.
The hopeful me hopes we can get business to resume as normal and that this post won’t actually be needed.   However, we now know that we should be prepared for everything.   We also know that operation costs are now higher and we should be looking for ways to bring in additional revenue or cut...  Read More
Trending Dental Marketing Tips and Ideas: What You Need to Know!
Beyond reaching out to patients, social media marketing has become a crucial tool for dentists to improve their patient engagement. Here are a few marketing strategies to drive more patients to your practice today:    Read More
How’s The Culture In Your Dental Kingdom?
How’s The Culture In Your Kingdom During the , Louisiana dental offices were shut down for seven weeks. It seemed that our state’s government didn’t consider our services “essential” yet people could still play the lotto and buy alcohol. No comment. The much needed down time allowed me to rethink...  Read More
Are Doctors Rich As The Public Thinks?
Are Doctors Rich As The Public Thinks? It seems as if the general public tend to assume that certain professionals are always well off. [You know what happens when you ASS-UME, right? :)] This could be anything from an attorney, doctor or engineer. But when a group of doctors were polled and...  Read More
253: Dr. Jessika Jahnsen | Boston Smiles Dental
Who here... has ever put their complete confidence in a specific company... only to be let down? This can be a heavy hit especially when you have a million things going on! This happened to Dr.  Jessika Jahnsen  during her start-up process!! In this episode, she opens up about her whole...  Read More
5 Steps: How To Become a Millionaire In Your 40’s
5 Steps: How To Become a Millionaire In Your 40’s Want to be a millionaire? Most doctors and other high-income earners should have an easier time to obtain millionaire status versus the average person. But they face two major hurdles:     #1 Late start     #2 High debt Depending on your...  Read More
Should You Wait to Apply for PPP Loan Forgiveness?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy. I hope our latest blog post finds you, your family and your staff all safe and healthy! This year certainly has...  Read More
25 Best Passive Income Quotes For Dentists
25 Best Passive Income Quotes For Dentists If you’ve been a regular visitor to this blog, you know that I’m a BIG fan of . Why? Because we’re not taught anything about finances during our training and I wanted to do my part to educate you based on my personal experience (even!). One of the main...  Read More
251: Dr. Erin Cassilly | Lexington Smiles
What if anything crazy that could possibly be happening to your start-up ( days before your doors are about to open) starts happening!? That pretty much seems to be the case for  Erin Farabaugh Cassilly .... but she is rolling with the punches, pivoting, and making sure she is coming out of...  Read More
Motivating Beyond Money- Results Based Incentives
Our Rising Phoenix Business Community zoom call that takes the first Monday of every month at 9am MT, talked this week about  Listen in to hear Chuck’s idea on incentives, as well as some attendee participation.  The  is open to anyone and everyone around the world and is a place to find remarkable...  Read More
Three Pitfalls of Calling On Properties Without Representation
Finding a new location for your medical or healthcare practice can be exciting. The prospect of a newly designed office in a better part of town with the anticipation of growing your practice is an enticing adventure for many doctors. It’s fun to imagine and dream of what’s possible. This process...  Read More
Choosing an Executor for Your Estate
  Here’s an uncomfortable truth you need to accept: Someday—hopefully in the very distant future—you are going to die.  The good news: You can make that moment easier on your heirs by taking a few simple steps.  One of the best ways, financially, to prepare now for that time is to choose a person...  Read More
What To Buy Before a Recession
What To Buy Before a Recession? Each time a recession hits, it takes us by surprise – no matter if you’ve been through a one before or not.  On average, since 1900, the US has experienced a recession every four years. Because of this, it’s important to know what to expect and how to handle your...  Read More
Dental Business Tax Planning with Laura Phillips
Let’s face it, you didn’t go to dental school to learn about tax planning. But, as practice owners, this is such an important topic that relates to you and your business. Laura Phillips is with us today to help us understand , and some of the biggest mistakes we make in dentistry related to tax...  Read More
PPP Loan Forgiveness: New Timeline Means a Change in Strategy
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals. Much has changed in the last 60 days concerning Paycheck Protection Program (PPP) loan forgiveness guidelines. Most...  Read More
How To Become Wealthy – Doctor’s 3 Step Guide
How To Become Wealthy – Doctor’s 3 Step Guide It seems as if “good news” is hard to come by these days so I thought I’d start off by spreading some: “If you’re a doctor or other high-income professional wanting to learn how to become wealthy….GOOD NEWS!” It’s MUCH easier than you may realize. Why?...  Read More
 Detrimental factors on Staff quality in  Dental Practice
When a dental practice needs an additional team member and you have determined that you need to hire another employee there are so many factors aligned along with the same. This decision is  made for one of two reasons: 1. Your ability to increase production, provide better service for...  Read More
230: Brian Mills | The Art of Negotiating Your Lease
  Here are some of my takeaways:     What to do if you found a place you love, but the price is the only thing you hate.     Is it a great time to do a start-up right now?     What are some of the best resources right now? Really great episode if you are planning to do a start-up or know someone...  Read More
Living the Dream: Increasing Profitability While Working Less with Dr. Robert Moss
 Dr. Robert Moss is with us today to discuss how to live the dream, and what you can do to get to your ideal lifestyle.  Dr. Robert Moss has 22+ years of experience as a physical therapist with an emphasis on orthopedics. He has taught continuing education courses for physicians, physical...  Read More
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