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Holiday Cheer & Tax Year Fear: Navigating Year-End Tax Strategies · The Millionaire Dentist™

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Speaker 1: Hello, everyone, Welcome to the Millionaire Dentist Podcast, brought to
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Speaker 1: you by four Quadn's Advisory. On this podcast, we break
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Speaker 1: down the world of dentistry, finances and business practices to
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Speaker 1: help you become the millionaire dentists you deserve to be.
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Speaker 1: Please be advised we do speak with an honest tongue
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Speaker 1: and may not be safe for work.
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Speaker 2: Hello and welcome.
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Speaker 3: This is Casey Hires back at the Millionaire Dentist Podcast
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Speaker 3: in studio with co host Jared Bridgeman.
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Speaker 2: Casey, how are you today? You know I'm feeling strong.
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Speaker 2: Are you been working out?
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Speaker 3: Not just because I got a B twelve shot yesterday,
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Speaker 3: the more so because of our guest. Oh, anytime Steve
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Speaker 3: Levy is in the house? Pipes Yes, yeah, CPA JD
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Speaker 3: attorney knows how to do taxes, stud singer. We just
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Speaker 3: had our corporate Christmas party and there might have been
0:54
Speaker 3: an impromptu happy birthday that could only be led by
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Speaker 3: one person. That's right, the ev aka Pipes Levy, who
1:02
Speaker 3: graciously came up and belted it out.
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Speaker 2: Well, you know, I do what I can. Welcome.
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Speaker 3: Good to see you again and thank you for gracing
1:10
Speaker 3: us with your presence and more importantly giving our listeners
1:13
Speaker 3: some really good expertise.
1:15
Speaker 2: Something beyond just Casey and I just jabbering. So this
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Speaker 2: is pretty exciting. Okay, yeah, yeah, I mean we're you know, we're.
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Speaker 3: Mid at jabbering, but you really elevate it. We've got
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Speaker 3: a twenty eight part podcast today. Kind of joking though.
1:30
Speaker 3: Steve's good at detail and and that's appreciated, so we
1:33
Speaker 3: kind of have a six parter. It all is going
1:35
Speaker 3: to flow together today, but Jared and I are probably
1:38
Speaker 3: just going to play tennis or ping pong and keep
1:41
Speaker 3: bouncing back different topics and things that are wall You're
1:44
Speaker 3: all going to just tie into a beautiful, beautiful podcast for.
1:49
Speaker 2: Steve. I wanted to start off today. Not that long
1:52
Speaker 2: ago you came on here, did a podcast with us
1:54
Speaker 2: about b O I can you give me a quick
1:57
Speaker 2: refresher on what BOI stands for and why you're wanting
2:00
Speaker 2: to bring this up today.
2:01
Speaker 3: I started using more deodorant. I mean, I know I
2:04
Speaker 3: listened to that podcast. Oh yeah, never mind.
2:08
Speaker 2: I should intelligence right, I shouldn't share that. Yeah.
2:12
Speaker 4: So BOI reporting, So just as a recap, BOI is
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Speaker 4: the Beneficial Ownership Information Reporting, and that basically entails that
2:23
Speaker 4: any entity that is registered with a state's Secretary of
2:29
Speaker 4: State needs to file this.
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Speaker 2: That's really the rule there. And this was a newer
2:34
Speaker 2: thing that just within the last couple of.
2:35
Speaker 3: Years right now really just this year, any practice owner
2:39
Speaker 3: who's practice is a business would fall into this.
2:42
Speaker 4: That the LLC where the property is being held, any
2:47
Speaker 4: LC you name it. Really it's if it's organized and
2:51
Speaker 4: needs to file essentially. And so what we're coming up
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Speaker 4: with is the deadline for filing your initial report by
3:03
Speaker 4: pretty much the end of the year if you existed
3:08
Speaker 4: prior to twenty twenty four.
3:10
Speaker 3: So the percentage of our listeners just turned up the
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Speaker 3: volume and said, wait what, there's a deadline, and.
3:15
Speaker 4: There's a deadline and hefty penalties if you know you
3:18
Speaker 4: can go back. And we talked about that it's about
3:21
Speaker 4: five hundred per day in each day you haven't filed it.
3:25
Speaker 4: Now here's a wrinkle for this. Just about a week
3:29
Speaker 4: ago in Texas, there was a federal court that's that
3:34
Speaker 4: while a case is going on that is kind of
3:37
Speaker 4: against this filing, they ruled a temporary injunction to kind
3:43
Speaker 4: of stop the requirement to file, which, of course Department
3:48
Speaker 4: of Treasury is appealing because they want to enforce.
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Speaker 3: As they want more of we the people's money.
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Speaker 2: Now here's the scary thing, sorry, Jared. The scary thing is.
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Speaker 4: There's probably about a third of these filings that have
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Speaker 4: actually been filed of the entire population that has that
4:11
Speaker 4: needs to file it. And so we're getting to kind
4:14
Speaker 4: of a scary point. And this injunction, while maybe feels
4:19
Speaker 4: like it, it might push things along. If it gets appealed,
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Speaker 4: it's back on the deadline is and end of year
4:27
Speaker 4: file it or penalty start accruing. So the safe thing
4:32
Speaker 4: to do, it's really fast filing. All you need is name, address,
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Speaker 4: and tax identification number of your entity as well as
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Speaker 4: of any owner that is twenty five percent or more
4:46
Speaker 4: of that entity. Their driver's license. You have to upload
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Speaker 4: a copy and their address and their.
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Speaker 2: Betterficial our driver's license, not this little database.
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Speaker 4: I mean, they could get it, but this is probably
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Speaker 4: a way to kind of connect the dots a little more.
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Speaker 2: But it's really fast. We've done it.
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Speaker 4: For our clients, just do it and be on the
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Speaker 4: safe side so you don't have to worry about it.
5:11
Speaker 3: So for non client listeners, then they should reach out
5:14
Speaker 3: to their accounting professionals to do this for them ideally,
5:17
Speaker 3: but they can do it themselves.
5:18
Speaker 4: They can do it themselves. There are many that are
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Speaker 4: sending solicitation letters, attorneys, CPAs, organizations you've never heard of
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Speaker 4: that say we're the BOI people that are taking advantage. Really,
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Speaker 4: I feel of this really simple filing.
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Speaker 2: Oh man, I missed a business opportunity here. I mean
5:39
Speaker 2: to lonch something with you.
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Speaker 4: I mean, that's why we're getting a lot of questions like, hey,
5:45
Speaker 4: I got this, what do you think. I'm like, well,
5:47
Speaker 4: we already took care of that, so but just take
5:50
Speaker 4: care of it however you want to do it, so
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Speaker 4: you don't have to sweat it.
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Speaker 3: And now, Steve, you said one third have done this,
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Speaker 3: so you're saying two thirds of people that should have
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Speaker 3: not done this according to official numbers from the Department
6:06
Speaker 3: of Treasury.
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Speaker 2: Is that accurate estimates? I'd say on that.
6:09
Speaker 3: Wow, so a lot of people are asleep at this
6:12
Speaker 3: unaware a couple of weeks left.
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Speaker 2: Yikes. So just do it, take care of it so
6:18
Speaker 2: you don't have to worry about it. Wow.
6:19
Speaker 3: That's uh. I mean, people just got their money's worth
6:23
Speaker 3: right there. We're just gonna wrap it up sign of
6:25
Speaker 3: good stuff. Well, everybody, we no, I appreciate you bringing
6:28
Speaker 3: that up, even though we have touched on this topic before.
6:31
Speaker 3: It's a good public service announcement. If you're a millionaire
6:34
Speaker 3: in this podcast, listener, there you go make sure your
6:37
Speaker 3: BOI reporting is.
6:38
Speaker 2: And if you're not one, what are you doing here?
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Speaker 2: And tell your friends? Right?
6:43
Speaker 3: So, holiday season a lot of fun, lot of stress.
6:47
Speaker 3: I just went to year old stomping grounds on the
6:49
Speaker 3: Circle that Indiana Symphony.
6:52
Speaker 2: What's that venue called the well Hilbert Circle Theater?
6:57
Speaker 3: Yeah, le Tide, Yeah, sure, Sandy. I just got drug there.
7:02
Speaker 3: I did not drugged. I got dragged drugs to it
7:06
Speaker 3: and I had no idea what it was. It was beautiful,
7:09
Speaker 3: It was a great time. They had sugar cookies at
7:12
Speaker 3: the concession stand that were excellent. But holiday time a
7:17
Speaker 3: lot of practice owners like to take care of their
7:19
Speaker 3: staff and team, which is excellent stats. We know staff
7:22
Speaker 3: and team are hard to find, good ones and loyal ones.
7:24
Speaker 3: You want to take care of them. Holiday bonuses, payroll
7:28
Speaker 3: reporting that those are great things to do. Now caveat
7:31
Speaker 3: If you're overheads ninety percent, you probably shouldn't be focused
7:34
Speaker 3: on giving a bunch of bonuses out because you're going
7:37
Speaker 3: to drive your business into the ground, which benefits no one.
7:39
Speaker 2: That's a sidebar. But holiday bonuses.
7:42
Speaker 3: And payroll reporting, you would you would wanted to touch
7:44
Speaker 3: on that, and I'm wildly curious to hear more.
7:46
Speaker 2: Yeah.
7:46
Speaker 4: So, like you said, a lot of practice owners want
7:50
Speaker 4: to be generous around the holiday time and give cash,
7:54
Speaker 4: get certificate, hs, whatnot. Well, the caveat with that is
7:58
Speaker 4: that it's not a pure gift because it's an employer
8:02
Speaker 4: employee relationship. So anytime you give anything pretty much to
8:08
Speaker 4: your employees, that's considered compensation.
8:11
Speaker 3: How about if duffel bags are just randomly left around
8:14
Speaker 3: like the office, is that a gray area or is
8:16
Speaker 3: that frowned upon?
8:18
Speaker 4: I don't know the circumstances behind that, so I can't
8:21
Speaker 4: give an opinion, So I don't know what that's about.
8:23
Speaker 2: Just deny. Yeah.
8:26
Speaker 4: But so anytime you give anything to your employees because
8:31
Speaker 4: of the relationship, it's considered compensation. And what does compensation
8:35
Speaker 4: need to have? Happened to be reported under payroll?
8:40
Speaker 2: Now?
8:40
Speaker 4: A lot of times and really the easiest thing to
8:43
Speaker 4: do is tell your payroll provider. Okay, I've given these
8:48
Speaker 4: amounts or gift certificates in this value to my employees,
8:54
Speaker 4: here's what they got. Here's what each of them received.
8:57
Speaker 4: Can you kind of cover the fight a tax for them?
9:01
Speaker 4: And what that means is you've got already the net amount,
9:06
Speaker 4: so what they do. What you should do is have
9:08
Speaker 4: them gross it up so that the actual amount.
9:12
Speaker 2: Like if you wanted to give someone one hundred dollars, right,
9:14
Speaker 2: you would technically give more for the taxes taken out
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Speaker 2: than equals.
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Speaker 4: Undred exactly, and you're pretty much covering the tax in
9:21
Speaker 4: that way.
9:21
Speaker 2: They're not paying the tax.
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Speaker 4: You're covering both their share and your share of that fights.
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Speaker 2: And this is and this is because it's a bonus.
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Speaker 2: It's taxed, Yeah, deffinitely than compensation a little bit a little.
9:31
Speaker 4: Bit more yeah, yeah, I mean it's a unique situation
9:34
Speaker 4: where it's not on there on like a regular compensation schedule,
9:37
Speaker 4: but it is compensation. So even though you're you're paying,
9:42
Speaker 4: and if you don't report it as compensation then it
9:46
Speaker 4: could be non deductible. So that's also a drawback on that.
9:50
Speaker 4: So go ahead, say and and the quicker. You can
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Speaker 4: get this information to your payroll provider.
9:56
Speaker 2: The quicker.
9:56
Speaker 4: You can make sure that it's timely reported there so
10:00
Speaker 4: that you don't have any like changes later on.
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Speaker 2: Is there a point of no return in terms of
10:08
Speaker 2: reporting that.
10:09
Speaker 4: No, I mean you can you can amend the now
10:14
Speaker 4: more complicated exactly, you can have it amended. But if
10:18
Speaker 4: it's you know, they would be issued their W twos
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Speaker 4: and then have amended W two's and that kind of mess.
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Speaker 4: So just go ahead and report it, have it grossed up.
10:28
Speaker 4: You're covering the fight attacks on it, and everybody's good.
10:32
Speaker 2: Steve. Going off of that, you know, Casey mentioned earlier
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Speaker 2: that we had our corporate holiday party over this past weekend,
10:38
Speaker 2: and I'm sure a lot of practice owners and people
10:40
Speaker 2: out there are also having their own company holiday parties.
10:44
Speaker 2: So Chris Christmas Party, Chris, Chris Christmas holiday. You know,
10:50
Speaker 2: happy quals everybody. But and hanakah, thank you. I'm assuming
10:54
Speaker 2: there's some kind of tax you know, situation that goes
10:57
Speaker 2: on with throwing on a holiday party.
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Speaker 4: Yeah, it's kind of the exception to a lot of
11:02
Speaker 4: the rules for deducting things like meals and entertainment. So, uh,
11:08
Speaker 4: it's pretty much the the one time you can one
11:12
Speaker 4: hundred percent deduct entertainment. Otherwise you wouldn't be able to
11:15
Speaker 4: deduct it at all. So let's say you had a
11:17
Speaker 4: group outing that you took your employees to, like a show,
11:22
Speaker 4: those tickets normally wouldn't be deductible at all. But in
11:26
Speaker 4: that kind of group outing where you've got your employees
11:30
Speaker 4: coming with you, or and you know, you bring in
11:32
Speaker 4: a karaoke host.
11:34
Speaker 2: Right right, so i'll get number later. Yeah, go for that.
11:38
Speaker 4: So that's situation one hundred percent deductible. Also meals that
11:43
Speaker 4: is another one hundred percent deductible situation. That's a real
11:47
Speaker 4: carve out for just this particular kind of off it.
11:52
Speaker 4: Also it's for holiday, it's also if if it's for
11:55
Speaker 4: like a summer outing, that's another Like you bring a
11:58
Speaker 4: whole company to a ball game, get tickets meals a
12:04
Speaker 4: company outing.
12:05
Speaker 3: So I shouldn't feel bad for ordering a medium rare
12:07
Speaker 3: filet over like a hot dog or a piece of chicken,
12:11
Speaker 3: because it's all getting deducted.
12:12
Speaker 2: Yeah, that's correct, where you feeling bad not really?
12:16
Speaker 4: Okay, no, not really just order, just go for it.
12:22
Speaker 4: So that that's a carve out the So.
12:24
Speaker 2: But for that to be the case, that has to
12:25
Speaker 2: be the entire company.
12:26
Speaker 4: Yeah, really sort of a so like if you ever
12:29
Speaker 4: want to by now, not everybody has to show, right,
12:32
Speaker 4: you can't.
12:32
Speaker 2: But like if you had a departmental outing like front
12:35
Speaker 2: staff versus hygienists, if you only took out your front
12:38
Speaker 2: desk staff, that would not count towards this exactly. It's
12:41
Speaker 2: kind of over the year. If every department did at
12:44
Speaker 2: the same amount of times. Does that Is that a
12:47
Speaker 2: curveball I just threw you?
12:48
Speaker 4: Well, I mean it's you know, there's there's gray area
12:51
Speaker 4: as usual, but really it's they wanted to be a
12:55
Speaker 4: widespread outing situation.
12:58
Speaker 2: Steve, I want to bring up a pretty big keyword
13:02
Speaker 2: buzzword that flies around a lot lately, inflation. Let's talk
13:06
Speaker 2: about the twenty twenty five inflationary changes if you don't mind,
13:09
Speaker 2: So you know, federal brackets will say for a one
13:11
Speaker 2: k increases.
13:13
Speaker 4: Yeah, so each year there's an adjustment in the federal brackets,
13:17
Speaker 4: which I mean in that situation, a certain amount of
13:22
Speaker 4: your income gets taxed at each tax rate. So it's
13:27
Speaker 4: like buckets for twenty twenty five up to if you're married,
13:33
Speaker 4: up to about twenty four thousand gets taxed at ten
13:36
Speaker 4: thousand and then you take away that amount of income,
13:41
Speaker 4: and then above that amount and up to say ninety
13:46
Speaker 4: seven thousand gets taxed at twelve percent, and it keeps
13:50
Speaker 4: going like that, So it's a graduated rate system. Now,
13:54
Speaker 4: each year those ranges are adjusted for inflation, and usually
14:01
Speaker 4: in a good way. Some years they're hugely boosted because inflation.
14:07
Speaker 4: They're trying to catch up with inflation. So from twenty
14:11
Speaker 4: twenty two to twenty twenty three they had a huge boost,
14:14
Speaker 4: twenty three to twenty four somewhat of a boost, and
14:18
Speaker 4: then it's going to be not a boost but not
14:21
Speaker 4: as much in twenty five. And that all means is
14:25
Speaker 4: that it's going to result in less taxes because more
14:30
Speaker 4: of your income will be pushed to lower rates. So
14:34
Speaker 4: that's the gist of it for rates.
14:36
Speaker 2: And that's another one. If you have questions about that,
14:38
Speaker 2: you shoul probably reach out to your team or your CIA.
14:41
Speaker 4: Absolutely, but each year the IRS releases kind of ahead
14:45
Speaker 4: of time the changing rates situation the next year.
14:50
Speaker 3: That's right, Steve, I want to get you in here
14:52
Speaker 3: some time to go over the institution of the Federal
14:55
Speaker 3: Reserve in nineteen thirteen. I think we could really get
14:57
Speaker 3: into some good income tax comeations That one might not
15:01
Speaker 3: be a published podcast, but I'm just say.
15:03
Speaker 2: My mind is just going right now.
15:05
Speaker 4: Yeah, Well, like income tax started as a very limited situation.
15:13
Speaker 3: It was like a wartime thing, right, Yeah, it was
15:16
Speaker 3: nineteen thirteen. It's always an emergency that's to help us, right,
15:20
Speaker 3: They just forgot to stop that whole income tax thing.
15:25
Speaker 2: Sure, sure, So how about four to one K increases?
15:28
Speaker 3: We've touched on those in the past, but as federal
15:32
Speaker 3: income brackets and tax Yeah.
15:35
Speaker 2: So four one k. So each year that changes.
15:38
Speaker 4: So twenty twenty four, your four one K deferral was.
15:43
Speaker 2: Twenty three thousand.
15:45
Speaker 4: For twenty twenty five, it just goes up five hundred
15:48
Speaker 4: to twenty three five hundred.
15:50
Speaker 2: Now, if you're fifty year over, there's always.
15:53
Speaker 4: A catch up contribution you can make that hasn't changed
15:58
Speaker 4: from twenty twenty four to twenty twenty five. So that's
16:01
Speaker 4: still seventy five hundred. So if you're fifty or over,
16:04
Speaker 4: the overall amount you can differ goes from thirty thousand,
16:08
Speaker 4: five hundred to thirty one thousand. Now here's a fun
16:12
Speaker 4: little change in twenty twenty five. That's never been the case.
16:17
Speaker 4: If you are between sixty and sixty three, you get
16:23
Speaker 4: a little extra boost of thirty seven to fifty. So
16:28
Speaker 4: instead of thirty one thousand that you can defer up
16:33
Speaker 4: to if you're fifteen over, if you're between sixteen sixty three,
16:37
Speaker 4: you get to bump it up to thirty four thousand
16:40
Speaker 4: and seven fifty.
16:41
Speaker 2: If you're one of our clients, you're area to be retired.
16:43
Speaker 2: But sure, sure, sure right now. If you know, if
16:46
Speaker 2: we have more questions about that, we do. We did
16:49
Speaker 2: a previous podcast on this that explains it more in
16:52
Speaker 2: great detail. But again, I think a high point of
16:56
Speaker 2: that is this is the first time they've had that
16:59
Speaker 2: kind of that weird extra bracket of sixty one to
17:02
Speaker 2: sixty three, right, we can tack on even more. Yeah,
17:05
Speaker 2: that's the first time.
17:06
Speaker 4: And then the last thing is there is a limit
17:10
Speaker 4: to the amount of compensation that can be considered for
17:14
Speaker 4: a company match. And so that was thirty three hundred
17:19
Speaker 4: and forty five thousand in twenty twenty four. It's jumped
17:24
Speaker 4: up five thousand to three hundred and fifty thousand in
17:28
Speaker 4: twenty twenty five. Now it used to jump up way
17:31
Speaker 4: more like from twenty twenty two to twenty three, it
17:35
Speaker 4: jumped twenty five thousand, and then it was a fifteen
17:38
Speaker 4: thousand jump to twenty twenty four. Now it's five thousand
17:42
Speaker 4: and again it's an inflationary adjustments. We don't see as
17:47
Speaker 4: much inflation between these two years, or not anticipating as much,
17:51
Speaker 4: so we don't get as much of a jump there.
17:53
Speaker 3: How about these hopefully not very many of our listeners,
17:57
Speaker 3: but how many of these practice owners they meet November?
18:01
Speaker 3: Congratulations you had a great year. You owe fifty thousand dollars.
18:05
Speaker 3: People are trying to throw a hail Mary to not
18:09
Speaker 3: pay taxes. It's tempting to go spend a bunch of
18:12
Speaker 3: money or go into debt to avoid taxes.
18:14
Speaker 2: That.
18:15
Speaker 3: We've had multiple podcasts on that. But talk about end
18:18
Speaker 3: of year purchases. What what's your take on that? My
18:22
Speaker 3: guess is it's custom to each person's financial and tax
18:25
Speaker 3: situation at the end of the year.
18:26
Speaker 2: Very much so.
18:27
Speaker 4: Though we generally feel that if you need something, you
18:32
Speaker 4: can maybe purchase it by what.
18:34
Speaker 2: If I really want it, Like, at what point has
18:37
Speaker 2: become a need, well a business need, like something that
18:41
Speaker 2: you use every day needs to be replaced? Yeah?
18:45
Speaker 4: Yeah, if it makes sense, financially, you know, look at
18:47
Speaker 4: it financially.
18:48
Speaker 2: Before the tax situation.
18:50
Speaker 4: But if you need it, you can't save taxes by
18:54
Speaker 4: buying it before the end of the year. Now, there's
18:56
Speaker 4: two ways you can deduct it quicker than kind of.
19:00
Speaker 2: Write it out over five years.
19:01
Speaker 4: So the Section one seventy nine deduction, which is a
19:03
Speaker 4: familiar one. It's still pretty generous to be able to
19:07
Speaker 4: write it off completely in the year that you purchased it.
19:12
Speaker 4: And it's really not the year you purchased it, but
19:14
Speaker 4: the year you placed it in service.
19:16
Speaker 2: So right, so if you buy it and let it
19:17
Speaker 2: sit in the back in a box for a month
19:19
Speaker 2: and a half, it doesn't count for that year exactly.
19:23
Speaker 4: So Section one seventy nine is one way to and
19:25
Speaker 4: it's still pretty much one hundred percent with certain limitations. Now,
19:29
Speaker 4: another way you can write it off is be a
19:32
Speaker 4: bonus appreciation.
19:34
Speaker 2: It's very similar.
19:35
Speaker 4: The only caveat there is that in twenty twenty three
19:39
Speaker 4: you can only deduct eighty percent of it in that
19:43
Speaker 4: particular year. Twenty twenty four is sixty percent. Now, this
19:47
Speaker 4: will keep scaling down until it's basically phased out unless
19:51
Speaker 4: something changes with the tax law. So I won't get
19:55
Speaker 4: into Section one seventy nine versus bonus. There are certain considerations,
19:59
Speaker 4: but it's still pretty generous that you can write off
20:02
Speaker 4: a bunch towards the end of the year if you
20:04
Speaker 4: need it, and of course it should help your tax situation.
20:07
Speaker 3: If you have some taxes, you're gonna buy something in
20:09
Speaker 3: the next you know, two to four months, Educate yourself,
20:13
Speaker 3: making sure your tax situation versus what you actually need.
20:17
Speaker 3: And if there's some alignment there where you buy it
20:19
Speaker 3: and use it in December, that can be beneficial.
20:21
Speaker 2: Yeah. Absolutely. Yeah.
20:23
Speaker 3: How about going and just buying a big old piece
20:25
Speaker 3: of equipment just because your equipment reps as Section one
20:28
Speaker 3: seventy nine.
20:29
Speaker 2: Yeah, they'll they'll go for it.
20:31
Speaker 4: I mean, this is the time that there's a decent
20:34
Speaker 4: amount of aggressiveness to hey, you know, you need it,
20:38
Speaker 4: and it's tax time and you're gonna be paying a
20:41
Speaker 4: ton of taxes.
20:42
Speaker 2: You got you gotta get it, So.
20:45
Speaker 4: Make sure it makes sense before you phony up a
20:47
Speaker 4: decent amount or going more into debt for this equipment.
20:52
Speaker 2: Amen. That may not even help your tax situation at
20:54
Speaker 2: the end.
20:55
Speaker 4: Yeah, depending you know, yeah, don't chase the tax's Steve,
20:58
Speaker 4: thank you so.
20:59
Speaker 2: Much for being here today, Casey. By the time this
21:02
Speaker 2: episode comes out, you and your team will be traveling
21:05
Speaker 2: to both Dallas and Austin to do some presentations.
21:09
Speaker 3: Everything's bigger in Texas. We've got a great audience in
21:12
Speaker 3: both locations. Doubleheader. We're gonna have a great time, really
21:16
Speaker 3: nice venues and covering some really really good subject matter
21:21
Speaker 3: that is so crucial to practice owners being successful.
21:24
Speaker 2: You know, we mentioned holiday bonuses.
21:27
Speaker 3: It's it's admirable that a lot of practice owners want
21:29
Speaker 3: to make sure everybody's taken care of. Then they look
21:31
Speaker 3: up and they're the ones that aren't. Associate makes more
21:34
Speaker 3: than them. Their staff's happy, patients, and they look up
21:37
Speaker 3: and they're like, where's the money, right?
21:40
Speaker 2: And this is where you know, you and your team
21:42
Speaker 2: come and you speak and kind of show people that
21:44
Speaker 2: there is a path forward, there is a light at
21:46
Speaker 2: the end of that tunnel.
21:46
Speaker 3: We have a great time, but we get into some
21:48
Speaker 3: pretty heavy subject matter that they need to hear. Yep,
21:50
Speaker 3: and hopefully, you know, get to that next plateau or
21:53
Speaker 3: to that next level of success, no doubt.
21:55
Speaker 2: Well, this is our last set of events for this year.
21:58
Speaker 2: We're gonna be kicking off twenty twenty five right away.
22:00
Speaker 2: We're going to be in Jacksonville, Florida. We're going to
22:03
Speaker 2: be in Fort Myers. We're gonna you're presenting at the
22:06
Speaker 2: Yankee Dental Congress this year. We're doing a social, a
22:09
Speaker 2: fun event, and in Boston just before the Yankee Dental.
22:13
Speaker 2: So if you're interested in joining and learning more about
22:15
Speaker 2: us and learning how you can work on your own practice,
22:17
Speaker 2: go to four Quadrants Advisory dot com slash events. I've
22:20
Speaker 2: updated everything that's been that's ready so far to go.
22:23
Speaker 2: Please register, Please tell your friends if you know somebody
22:26
Speaker 2: out there that's also needing somebody out there to talk
22:30
Speaker 2: to you, something that understands what they're going through and
22:32
Speaker 2: all the work that we've been through. Casey, thank you
22:35
Speaker 2: so much for being here. And you look like you
22:37
Speaker 2: wanted to say something. You want to talk about how
22:38
Speaker 2: much you like me.
22:38
Speaker 3: I'm going to say, well, put that such a nice wrap.
22:41
Speaker 3: I was just so impressed. And then Steve az always
22:44
Speaker 3: thank you for bringing your level of detail and expertise
22:47
Speaker 3: to the podcast.
22:49
Speaker 2: Absolutely thanks guys, file your BOI reporting.
22:52
Speaker 1: Hello everyone, Welcome to the Millionaire DENTNIS podcast, brought to
22:56
Speaker 1: you by four Quadnance Advisory. On this podcast, break down
23:00
Speaker 1: the world of dentistry, finances and business practices to help
23:03
Speaker 1: you become the millionaire dentist you deserve to be. Please
23:06
Speaker 1: be advised we do speak with an honest tongue and
23:09
Speaker 1: may not be safe for work.