Taxes don’t have to feel like a burden.

In this episode of Oral Wealth: Prosperity in Practice, host Brian Swilling shifts the conversation from tax stress to tax strategy, showing dentists how to turn obligations into opportunities. He walks through retirement savings foundations, smart entity choices, and practice-specific deductions that can lower your tax bill. Brian also highlights creative strategies like family employment, Roth savings for kids, and the Augusta Rule. Along the way, he explains why collaboration between your CPA and financial planner is key to long-term financial planning success.

Brian discusses:

• Foundational retirement savings strategies like 401(k)s, profit sharing, and defined benefit plans
• Choosing the right business entity and tax filing status for practice owners
• How to maximize the Qualified Business Income Deduction (QBID) before it phases out 
• Practice-specific deductions, depreciation, and overlooked write-offs
• Creative tax strategies, including family employment, Roth savings for kids, tax-loss harvesting, and the Augusta Rule
• Why collaboration between CPAs and financial planners leads to better long-term outcomes
• And more

Resources:

• Section 179: How It Helps Your Business Save on Taxes
• SECURE Act 2.0 Overview

Connect with Brian Swilling:

• NaviPath Wealth
• LinkedIn: Brian Swilling
• brian@navipathfinancial.com

*Roth IRA earnings grow tax-free, and qualified withdrawals are also tax-free, provided certain conditions are met (e.g., the account has been open for at least 5 years and you are age 59½ or older, or meet another qualifying condition). Eligibility to contribute to a Roth IRA phases out at higher income levels. Non-qualified withdrawals of earnings may be subject to income taxes and a 10% early withdrawal penalty.