The Dental CPA Show

💼 Work With Me & My Team⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, a CPA explains what really triggers an IRS audit and why it usually comes down to your numbers, patterns, and proof. You’ll learn common red flags like mismatched income, excessive deductions, losses, and filing errors, plus why documentation is the most important factor in protecting yourself. The episode also breaks down common audit myths and shares simple steps to reduce risk, keep clean books, and stay prepared if the IRS ever asks questions.🎁 Free Downloads⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#IRSAudit #TaxTips #TaxPlanning #CPA #SmallBusiness #TaxStrategy #FinanceTips

💼 Work With Me & My Team⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, a CPA explains the Augusta Rule, a tax strategy under Internal Revenue Code Section 280A(g) that may allow business owners to rent their home to their business for up to 14 days per year, creating a potential business deduction while keeping the income tax-free personally when properly structured. You’ll learn how it works, key requirements like the 14-day limit, reasonable rent, business purpose, and documentation, plus common mistakes that can lead to audits.🎁 Free Downloads⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#AugustaRule #TaxStrategy #CPA #TaxPlanning #BusinessOwners #SmallBusiness #TaxSavings

Go Watch:WATCH: How the Rich Hire Their Kids to Save Thousands in TaxesOther Related: WATCH: How to Write Off Business Travel Legally and Avoid IRS Red Flags💼 Work With Me & My Team⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, Kingsley Ifedi, CPA, reveals why most business owners overpay the IRS and how to reclaim those lost thousands through proper structural systems. He breaks down 15 frequently missed deductions ranging from home office and startup costs to spouse payroll and heavy vehicle depreciation while explaining the strict ordinary and necessary standards required by IRC Section 162. By moving beyond a shoebox of receipts to a professional framework of dedicated banking and monthly bookkeeping, you will learn how to shift from reactive filing to proactive tax planning that protects your profit.🎁 Free Downloads⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#TaxStrategy #SmallBusinessTips #TaxWriteOffs #CPAAdvice #EntrepreneurFinance #Bookkeeping #WealthManagement

💼 Work With Me & My Team⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, a CPA breaks down five powerful ways marriage can help you save thousands in taxes by putting your spouse on payroll. From unlocking passive losses through real estate professional status to maximizing retirement savings with a spousal 401(k), you’ll learn how strategic planning as a couple can reduce your tax burden and build long-term wealth. We also cover how to properly structure business travel and deductions, take advantage of HSA tax benefits, and potentially qualify for two home office deductions. If you’re married and running a business, this episode shows how treating your household like a team can help you keep more of what you earn.🎁 Free Downloads⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#TaxStrategies #MarriageTax #TaxSavings #BusinessOwners #CPA #WealthBuilding #TaxPlanning

💼 Work With Me & My Team⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, Kingsley Ifedi, CPA, explores a powerful tax-saving blueprint for business owners: legally hiring your children to build generational wealth. He breaks down how to effectively shift income to a lower tax bracket by paying children up to the standard deduction, while ensuring the business maintains a clean audit trail through proper job descriptions, time logs, and payroll. Beyond immediate tax deductions, the discussion covers high-impact strategies like funding custodial Roth IRAs for long-term growth and utilizing a "family management company" to navigate S-Corp nuances. It’s an essential guide for any entrepreneur looking to turn family involvement into a strategic financial advantage.🎁 Free Downloads⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#TaxStrategy #GenerationalWealth #FamilyBusiness #FinancialFreedom #CPA #WealthBuilding #EntrepreneurMindset

💼 Work With Me & My Team⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, a CPA explains how to pay yourself as an LLC in 2026, including owner’s draws, taxes, and the proper setup. Learn why your tax bill is based on profit, not what you withdraw, plus common cash flow mistakes and when it may make sense to switch to an S Corporation.🎁 Free Downloads⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#LLC #LLCTaxes #LLCOwner #SmallBusiness #TaxStrategy #FinanceTips

💼 Work With Me & My Team⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠Email: [email protected]📝 Episode Summary In this episode, we break down the top tax mistakes 1099 dentists make that can cost $20K–$80K a year. From poor tax planning to messy bookkeeping and wrong entity choices, these issues add up fast. Learn how to fix them, reduce your tax burden, and keep more of what you earn.🎁 Free Downloads⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠ ⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠🧰 Useful Resources⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#DentistTaxes #1099Dentist #W2Dentist #TaxStrategy #DentalCPA

Go Watch:WATCH: Pay yourself as LLC in 2026 (NEW Trump Tax Changes)WATCH: Why the Rich Use S-Corps Instead of LLCs (CPA Explains)💼 Work With Me & My Team⁠⁠⁠Book Free Introduction Call⁠⁠⁠Email: [email protected]📝 Episode Summary If you want to build real wealth as a dental practice owner, it comes down to 5 decisions: buying the right practice, choosing the right entity structure, paying yourself correctly, running clean monthly accounting, and using a proactive tax strategy. In this episode I break down exactly what to look for in each area so you can improve cash flow, pay less tax legally, and make confident business decisions.🎁 Free Downloads⁠⁠FREE - Tax Strategies eBook⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠⁠ADP (Payroll)⁠⁠⁠ ⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠🧰 Useful Resources⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#DentistTaxes #1099Dentist #W2Dentist #TaxStrategy #DentalCPA

💼 Work With Me & My Team⁠⁠Book Free Introduction Call⁠⁠Email: [email protected]📝 Episode Summary Just bought a dental practice? In this episode, dental CPA Kingsley Ifedi breaks down exactly what to do in the first 30 days after closing so you can keep your books clean, run payroll correctly, protect cash flow, and avoid tax surprises. You’ll learn how to set up QuickBooks, pay yourself the right way, track the right KPIs, get your first tax projection, and make estimated tax payments on time.🎁 Free Downloads⁠FREE - Tax Strategies eBook⁠🛠️ Tools I Use & Recommend (includes my special discounts)⁠⁠ADP (Payroll)⁠⁠ ⁠⁠Gusto (Payroll)⁠⁠⁠⁠Quickbooks Online⁠⁠🧰 Useful Resources⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#DentistTaxes #1099Dentist #W2Dentist #TaxStrategy #DentalCPA

💼 Work With Me & My Team⁠Book Free Introduction Call⁠Email: [email protected]📝 Episode Summary Thinking about buying a dental practice? In this episode, The Dental CPA, Kingsley Ifedi, shares the 5 key things every dentist should do before closing, from setting up the right entity structure and payroll to hiring a dental-specific CPA, opening the right bank accounts, tracking startup costs, and understanding your deal terms. This is a must-watch for dentists who want to protect cash flow, avoid costly mistakes, and build wealth through practice ownership.🎁 Free DownloadsFREE - Tax Strategies eBook🛠️ Tools I Use & Recommend (includes my special discounts)⁠ADP (Payroll)⁠ ⁠Gusto (Payroll)⁠⁠Quickbooks Online⁠🧰 Useful Resources⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠Get a Free EIN (IRS)⁠⁠Pay Federal Estimated Taxes (IRS)⁠⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#DentistTaxes #1099Dentist #W2Dentist #TaxStrategy #DentalCPA

💼 Work With Me & My TeamBook Free Introduction CallEmail: [email protected]📝 Episode Summary In this episode, we break down how W2 vs 1099 income changes your taxes, your deductions, your planning opportunities, and your overall financial strategy.You will learn how self-employment tax works, what expenses a 1099 dentist may be able to deduct, why W2 income is usually simpler, and what dentists need to watch out for before making the switch. If you are a dental associate, practice owner, or independent contractor, this episode will help you better understand your options and avoid costly tax mistakes.🎁 Free DownloadsFREE - Tax Strategies eBook: https://web.kifedicpa.com/e-book🛠️ Tools I Use & Recommend (includes my special discounts)ADP (Payroll) Gusto (Payroll)Quickbooks Online🧰 Useful ResourcesElect S-Corp (Fax IRS Form 2553)Get a Free EIN (IRS)Pay Federal Estimated Taxes (IRS)⚠️ DisclaimerThis podcast is for educational purposes only and doesn’t create a CPA-client relationship. Tax outcomes depend on your facts, income, and state rules. Always consult your tax professional before implementing strategies.#DentistTaxes #1099Dentist #W2Dentist #TaxStrategy #DentalCPA

Building your team is not just about hiring assistants and associates, it is about building the right financial team too. In this episode, Kingsley Ifedi breaks down what a Dental CPA actually is, how they are different from a regular accountant, and why it matters when you are hiring, growing payroll, and making big moves like adding an associate, buying equipment, or expanding your practice. You will learn the simple roles of a bookkeeper vs payroll vs CPA, the biggest hiring mistakes that hurt cash flow, and the questions a Dental CPA helps you answer so you can grow with confidence. Plain English, practical examples, and a clear framework to help you build a practice that gives you options.