The Dental CPA Show

Kingsley Ifedi, CPA

The Dental CPA Show is where dentistry meets strategy. Hosted by Kingsley Ifedi, CPA, this show is built for practice owners who want to make more money, pay less in tax, and feel more in control of your dental practice. You will learn how to structure your dental practice for efficiency, reduce taxes legally, improve your numbers month by month, and make confident decisions as an dental practice owner.

  1. 1d ago

    What I Found Inside 100 Dental Practices (Before You Buy One)

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode, Kingsley breaks down the key financial numbers dentists need to understand before buying a dental practice. He explains why collections alone do not determine whether a practice is a good investment, how to evaluate overhead across five key categories, why reviewing 3 to 5 years of financial history matters, and why buyers should get their own independent valuation. He also discusses the importance of due diligence on staff, practice culture, and key employees so dentists can understand the real value and risks of a practice before signing the deal. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Dental Built to Own Blueprint⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠QuickBooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalPractice #BuyingADentalPractice #DentalPracticeOwnership #DentalPracticeAcquisition #DentistFinance #DentalCPA #DentistEntrepreneur

  2. Oct 2

    The 5 Stages of Buying a Dental Practice (What Actually Happens)

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode, Kingsley Ifedi, CPA, breaks down the five key stages of buying a dental practice: searching, valuation, making an offer, due diligence, and transition. He explains how dentists can evaluate a practice's financials, negotiate effectively, uncover potential risks, and prepare financially and operationally for ownership. The episode also highlights how practice ownership can help dentists build wealth through income, business profits, equity, and greater control. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Dental Built to Own Blueprint⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠QuickBooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalPracticeAcquisition #DentalPracticeOwnership #DentistFinance #DentalCPA #DentistWealth #DentalPracticeValuation #DentistEntrepreneur

  3. Sep 18

    Dental Startup vs Buying a Practice: Which Makes You More Money?

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode, we explore whether dentists should buy an existing practice or start one from scratch. Kingsley breaks down the financial risks, benefits, and key due diligence factors involved in each path, including patient retention, collections, fee schedules, startup costs, and practice transitions. He also shares real-world lessons from his brother’s practice acquisition and explains when starting from scratch may actually make more sense. The key takeaway is to run the numbers, understand the risks, and choose the path that best fits your goals before committing to a deal. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Dental Built to Own Blueprint⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠QuickBooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalPodcast #DentalPracticeOwnership #DentalPracticeAcquisition #DentalStartup #DentistEntrepreneur #DentalBusiness #DentistFinance #PracticeTransition #DentalCPA #DentalWealth

    Dental Startup vs Buying a Practice: Which Makes You More Money?
  4. Sep 4

    How Dentists Can Build Wealth and Retire Early: A Financial Planning Guide

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode, a CPA and financial advisor, Joshua Boulware break down how dentists can build wealth beyond their income. They discuss student loans, practice ownership, tax planning, retirement strategies, investing, and why having the right financial team matters. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Dental Built to Own Blueprint⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentistWealth #DentistFinancialPlanning #DentistFinance #DentalCPA #StudentLoans #RetirementPlanning #WealthBuilding

  5. Aug 14

    I Analyzed a $1.35M Dental Practice Purchase Line by Line

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode, we break down why the Asset Purchase Agreement (APA) can have a major impact on the taxes and cash flow of a dental practice buyer. We explain how purchase price allocations for equipment, patient records, non-compete agreements, and goodwill affect both the buyer and seller, and why negotiating this allocation can create significant tax savings in the early years of ownership. The key takeaway: never sign an APA without having your dental CPA review the allocation first. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Dental Built to Own Blueprint🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalPractice #DentalPracticePurchase #DentalPracticeOwnership #DentistTaxes #DentalCPA #DentalTaxStrategy #DentistTaxPlanning #DentalPracticeAcquisition #DentistEntrepreneur #DentalPracticeBuyer

  6. Jul 31

    Dentist Compensation Strategy: How to Pay Yourself the Right Way

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode of the Dental CPA Podcast, Kingsley Ifedi reveals the exact formula dentists should use to pay themselves. Instead of just picking a number that feels right, he breaks down the difference between a W-2 salary and business profit payouts under an S-Corp. Kingsley warns against two major mistakes: paying yourself too much on payroll and wasting money on extra taxes, or paying yourself too little and risking an IRS audit. You will learn why a smart salary usually lands between $100,000 and $150,000, how to keep your business healthy using a simple 40/30/30 cash rule, and how to make sure your pay actually covers your lifestyle and retirement goals.🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalCPA #DentalAssociate #DentalPracticeManagement #PracticeOwnership #DentalPracticeGrowth #DentistLife #DentalAccounting

  7. Jul 17

    Dental Practice Growth Strategy: When to Hire Your First Associate

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com📝 Episode Summary In this episode of the Dental CPA Podcast, Kingsley Ifedi challenges the traditional growth playbook by exposing why most dental associate hires actually lose the practice money in their first year. While many exhausted owners hire an associate simply because their schedule feels packed, Kingsley explains the critical difference between being "too busy" due to scheduling inefficiencies and having true, unmet patient demand. He breaks down the overlooked breakeven math, revealing that an associate must produce at least $30,000 to $40,000 a month just to cover their variable costs, and exposes the hidden drains on your bottom line, including the owner’s lost production time during management. Finally, Kingsley shares a four-point readiness checklist and explores three lower-risk alternatives, optimizing hygiene schedules, adjusting fees, and dropping low-margin PPOs, to help you scale your profits without making a multi-six-figure hiring mistake. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalCPA #DentalAssociate #DentalPracticeManagement #PracticeOwnership #DentalPracticeGrowth #DentistLife #DentalAccounting

  8. Jun 26

    Income vs Wealth: Why High-Earning Dentists Retire Poor

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com 📝 Episode Summary In this episode, Dental CPA Kingsley Ifedi reveals how two dentists earning the same $450,000 income end up with a massive $2 million retirement gap. He explains how standard tax filing and basic 401ks cause high earners to quietly leak wealth, and outlines an optimized path using S-Corp structures, real estate grouping, and custom retirement stacks to double your nest egg. 🎁 Free Downloads ⁠⁠⁠⁠⁠⁠⁠FREE - Tax Strategies eBook⁠⁠⁠⁠⁠⁠⁠🛠️ Tools I Use & Recommend (includes my special discounts) ⁠⁠⁠⁠⁠⁠⁠⁠ADP (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Gusto (Payroll)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Quickbooks Online⁠⁠⁠⁠⁠⁠⁠⁠🧰 Useful Resources ⁠⁠⁠⁠⁠⁠⁠⁠Elect S-Corp (Fax IRS Form 2553)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Get a Free EIN (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Pay Federal Estimated Taxes (IRS)⁠⁠⁠⁠⁠⁠⁠⁠⚠️ Disclaimer This 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. #DentalCPA #FinancialFreedomForDentists #DentalPracticeOwner #IncomeVsWealth #DentalPracticeWealth #TaxStrategyForDentists #DentistRetirement

About

The Dental CPA Show is where dentistry meets strategy. Hosted by Kingsley Ifedi, CPA, this show is built for practice owners who want to make more money, pay less in tax, and feel more in control of your dental practice. You will learn how to structure your dental practice for efficiency, reduce taxes legally, improve your numbers month by month, and make confident decisions as an dental practice owner.

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