Blog
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Thinking of Selling Your Dental Practice to a DSO? Read This First
Thinking of Selling Your Dental Practice to a DSO? Read This First Many dental clients ask me, “Jeff, is selling to a DSO a good idea?” It depends…. Selling a dental practice to a Dental Service Organization (DSO) is a major decision for any dentist. This choice can offer financial stability and lessen administrative responsibilities,…
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What to Know Before Buying a Dental Practice
What to Know Before Buying a Dental Practice Assessing whether to buy an existing practice or start a new one is critical to making the right decision. Especially if you’re right out of dental school. Established practices benefit from an existing patient base, trained staff, and operational systems. These can make the transition smoother and…
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The Lazy 1031 Exchange: Effortless Way to Defer Huge Taxes
The Lazy 1031 Exchange: Effortless Way to Defer Huge Taxes This article is for you if you’re a real estate syndication (passive) investor looking for ways to defer taxes and offset capital gains. If you’re not sure what a syndication is, check out this video: The answer is something called the Lazy 1031 Exchange. This tax…
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Think and Grow Rich Book Summary by Napoleon Hill
Think and Grow Rich Book Summary by Napoleon Hill “Think and Grow Rich” is a classic self-help book written by Napoleon Hill in 1937. Yes, something written in 1937 can STILL be relevant in this day and age (I’m living proof). For decades, this influential work has guided people toward success by teaching them the…
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How to Legally Pay No Taxes on Your Rental Property Income
How to Legally Pay No Taxes on Your Rental Property Income Besides the cash flow, many people start investing in real estate due to the tax benefits. Check out this video to learn more: In this article, we’ll explore the various tax benefits and strategies that can help you effectively reduce your rental income tax liability…
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How Does a Quitclaim Deed Work for Tax Purposes?
How Does a Quitclaim Deed Work for Tax Purposes? One document you may encounter when dealing with real estate transactions is a quitclaim deed. This is commonly used to transfer property ownership between family members or close acquaintances without the typical warranties provided by general warranty deeds. Although quitclaim deeds are relatively simple in their…
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Who Not How Summary: Dr. Hardy and Dan Sullivan’s Formula
Who Not How Summary: Dr. Hardy and Dan Sullivan’s Formula “Who Not How” is a game-changer for anyone looking to achieve bigger goals and explosive growth by shifting their mindset. If you’re like most people, the first thing you do when trying to do something is ask yourself, “How do I do this?” This held…
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Airbnb Tax Loophole: Short-Term Rental Tax Hack
Airbnb Tax Loophole: Short-Term Rental Tax Hack As a high-income earner, finding legitimate ways to reduce your tax bill can seem almost impossible….until now. Certain tax benefits from short-term rentals, such as those from Airbnb or VRBO, offer a strategic loophole that could substantially lower your taxes. This strategy hinges on what the IRS terms…
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What Is a Tenant Improvement Allowance?
What Is a Tenant Improvement Allowance? A tenant improvement allowance (TIA) is the amount of money your landlord is willing to spend on modifying the rental space to meet your needs. This could include anything from installing new lighting fixtures to redesigning office layouts. Negotiating a TIA effectively can save you significant costs and make…
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The Best Tax-Efficient Retirement Withdrawal Strategies
The Best Tax-Efficient Retirement Withdrawal Strategies One of the BIGGEST worries people have regarding “retirement planning” is running out of money after they quit working. Financial advisors do a GREAT job of “scaring” us into thinking we need to work much longer than we should. Why shouldn’t they? The longer we work and contribute to…
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Common Non-Taxable Income Types You Should Know
Common Non-Taxable Income Types You Should Know It didn’t take long after becoming a dentist to understand just how much the “tax man” taketh from us. Most people spend their entire career focused on earning an income from “taxable” sources. But did you know that there are several non-taxable income types? That’s right, and in…
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How Much Does a Dentist Make A Year?
How Much Does a Dentist Make A Year? If you’re considering going into dentistry or are already a dentist, you may want to know what your income potential really looks like. In this article, we’re going to highlight the different stages of dentistry, from a new graduate to practice ownership and even those who want…
