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Tax Hacks Your Regular Accountant Won't Tell You w/ Mike Bark

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Manage episode 478397117 series 1820200
Content provided by Dr. Paul Etchison. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Paul Etchison or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

You might be missing out on tens of thousands in tax savings and not even know it. But all that can change with the help of a dental CPA. Mike Bark of Bull Moose Financial joins me today to talk profitability, tax mistakes and strategies that dentists overlook far too often.

We dive into the tax landscape of dentistry, explore what a good dental CPA can do for your practice, and unpack how shifting your tax entity could be the smartest move you make this year. If you want to save more next tax season or find out how to benchmark your practice’s performance, this episode is packed with insights you won’t want to miss!

Topics discussed in this episode:

  • Why you should hire a dental CPA
  • Common tax mistakes in dental practices
  • S corporation vs. C corporation vs. LLC
  • Rising staff costs and labor shortages
  • Business deductions: home office, vehicles kids on payroll
  • Bull Moose Financial’s approach to dental services

Connect with Mike Bark:
https://www.bullmoosefinancial.com/
[email protected]
(414)-759-9629

Special offer: Mention the Dental Practice Heroes to waive the $2,500 onboarding fee at Bull Moose Financial!

Join us for Free Live Trainings and Community Discussion in the DPH Hero Collective on the DPH App. Click Here to Join!

Get Free DPH Trainings, Download the App and Join our Community! CLICK HERE

GRAB THE FREE PLAYBOOK HERE - Discover 30 proven strategies top-performing dentists use to increase profits, cut clinical days, and finally enjoy the freedom they originally built their practices for.

https://www.dentalpracticeheroes.com/playbook

Take Control of Your Practice and Your Life

We help dentists take more time off while making more money through systematization, team empowerment, and creating leadership teams.

Ready to build a practice that works for you? Visit www.DentalPracticeHeroes.com to learn more.

  continue reading

Chapters

1. Tax Savings You're Missing Out On (00:00:00)

2. Why Dentists Need Specialized CPAs (00:06:01)

3. Rising Labor Costs & Going Out-of-Network (00:13:20)

4. Choosing the Right Business Entity (00:21:47)

5. IRS Audits and Aggressive Tax Strategies (00:27:05)

6. Home Office, Augusta Rule & Vehicle Deductions (00:33:38)

628 episodes

Artwork
iconShare
 
Manage episode 478397117 series 1820200
Content provided by Dr. Paul Etchison. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Paul Etchison or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

You might be missing out on tens of thousands in tax savings and not even know it. But all that can change with the help of a dental CPA. Mike Bark of Bull Moose Financial joins me today to talk profitability, tax mistakes and strategies that dentists overlook far too often.

We dive into the tax landscape of dentistry, explore what a good dental CPA can do for your practice, and unpack how shifting your tax entity could be the smartest move you make this year. If you want to save more next tax season or find out how to benchmark your practice’s performance, this episode is packed with insights you won’t want to miss!

Topics discussed in this episode:

  • Why you should hire a dental CPA
  • Common tax mistakes in dental practices
  • S corporation vs. C corporation vs. LLC
  • Rising staff costs and labor shortages
  • Business deductions: home office, vehicles kids on payroll
  • Bull Moose Financial’s approach to dental services

Connect with Mike Bark:
https://www.bullmoosefinancial.com/
[email protected]
(414)-759-9629

Special offer: Mention the Dental Practice Heroes to waive the $2,500 onboarding fee at Bull Moose Financial!

Join us for Free Live Trainings and Community Discussion in the DPH Hero Collective on the DPH App. Click Here to Join!

Get Free DPH Trainings, Download the App and Join our Community! CLICK HERE

GRAB THE FREE PLAYBOOK HERE - Discover 30 proven strategies top-performing dentists use to increase profits, cut clinical days, and finally enjoy the freedom they originally built their practices for.

https://www.dentalpracticeheroes.com/playbook

Take Control of Your Practice and Your Life

We help dentists take more time off while making more money through systematization, team empowerment, and creating leadership teams.

Ready to build a practice that works for you? Visit www.DentalPracticeHeroes.com to learn more.

  continue reading

Chapters

1. Tax Savings You're Missing Out On (00:00:00)

2. Why Dentists Need Specialized CPAs (00:06:01)

3. Rising Labor Costs & Going Out-of-Network (00:13:20)

4. Choosing the Right Business Entity (00:21:47)

5. IRS Audits and Aggressive Tax Strategies (00:27:05)

6. Home Office, Augusta Rule & Vehicle Deductions (00:33:38)

628 episodes

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