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. 4d ago

    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

  2. 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

  3. 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

  4. 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

  5. Jun 12

    The Dental Tax Strategy That Doubles Your Retirement Net Worth

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com 📝 Episode Summary In this episode, dental CPA Kingsley Ifedi breaks down the staggering math behind why two dentists with the exact same income, career length, and market returns can end up with a $2 million gap in their retirement nests. Kingsley dispels the common myth that high earnings automatically equal high net worth, explaining how standard "compliance-only" tax filing quietly drains wealth through system failures rather than character flaws. By comparing the default trajectory (Path 1), which relies on basic retirement plans and overpaying the IRS, to an optimized trajectory (Path 2), which utilizes advanced entity structures, retirement plan stacking, and real estate leverage, he demonstrates how keeping an extra $50,000 to $80,000 a year transforms a $1.5 million retirement into a $3.5 million reality. Listeners will walk away with an urgent understanding of the compounding cost of waiting and three immediate financial moves they can make before year-end to successfully pivot to the optimized path. 🎁 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)⁠⁠⁠⁠⁠⁠⁠Augusta Rule Tax Strategy: How to Save Thousands Legally in 2026How to Buy Your First Rental Property in 2026 (Step-by-Step Guide)⚠️ 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 #DentistRetirement #TaxStrategyForDentists #DentalPracticeWealth #PracticeOwnership #FinancialFreedomForDentists #DentistLife

  6. Jun 5

    Should Dentists Buy Their Practice Building?

    💼 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 how to turn your dental office building into a powerful retirement asset, explaining how tools like cost segregation and the grouping election can legally wipe out over $150,000 of taxable income in year one. You will learn why purchasing real estate inside your existing practice entity is a dangerous asset protection mistake and how using a separate Real Estate LLC shields your cash flow from lawsuits. Ultimately, Kingsley shares a five-point readiness checklist to help you safely transition from renting to owning without draining your business reserves. 🎁 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 #DentalRealEstate #CostSegregation#DentalPracticeManagement #PracticeOwnership #TaxStrategyForDentists #CommercialRealEstateWealth

  7. May 29

    Tax Strategy vs. Compliance: Why Dental Practice Owners Overpay the IRS

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com 📝 Episode Summary In this episode, Dental CPA Kingsley Ifedi explains why financial setups that worked for associates fail practice owners, costing them $30,000 to $80,000 annually by merely tracking the past instead of strategically planning the future. You will discover how generalists miss dental-specific deductions, why concentrated office controls create severe internal risk, and how to use a quick 4-question audit to see if you have outgrown your accountant. Ultimately, Kingsley shares how to upgrade your systems and protect your profit margins without firing your team. 🎁 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 #DentistLife #TaxPlanningForDentists #DentalPracticeManagement #PracticeOwnership #DentalAccounting #SmallBusinessTaxStrategy

  8. May 22

    How to Avoid an IRS Audit: Red Flags, Triggers, and Protection Strategies

    💼 Work With Me & My Team ⁠⁠⁠⁠⁠⁠Book Free Introduction Call⁠⁠⁠⁠⁠⁠Email: king@kifedicpa.com 📝 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 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. #IRSAudit #TaxTips #TaxPlanning #CPA #SmallBusiness #TaxStrategy #FinanceTips

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.