DEO's Growth Secrets Podcast for Dental Organizations 252: The Financial Playbook Dental Practice Owners Need to Stop Flying Blind
Dec 4, 2025
Jared Duckett, partner at Duckett Ladd, and Caleb Gussner, director of emerging groups, dive into essential financial strategies for dental practice owners. They emphasize the importance of a well-structured financial playbook to avoid surprises and make informed decisions. Learn why managing from your bank balance is risky, the significance of clean financials, and how quarterly reviews can prevent costly mistakes. They also discuss practical tax strategies, owner compensation, and the value of reliable accounting services to enhance business clarity and growth.
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Create A Tax Playbook Early
- Build a tax playbook and set the first-quarter plays now instead of scrambling in Q4.
- Work with your CPA early to implement strategies like Augusta Rule, paying kids, and depreciation when appropriate.
Avoid Tax-Driven Purchases
- Don’t let tax incentives drive unnecessary purchases; buy equipment you will actually use.
- If you will use it soon, try to time purchases to maximize bonus depreciation and Section 179 benefits.
Send Clean Monthly Financials
- Produce timely, accurate monthly financials and share them quarterly with your tax advisor.
- Use quarterly reviews to adjust estimated tax payments and avoid over- or underpaying the IRS.