Posts by Ed Gabriel
DSO Deals: Key Takeaways from the Dykema Conference
Considering a DSO Option? Here’s What You Need to Know DrillDown Solution President Ed Gabriel recently attended the Dykema DSO Conference, where over 2,500 dentists and industry leaders gathered to explore the latest trends in the dental service organization (DSO) space. If you’re thinking about the DSO route, these insights are a must-read. TUSK Practice…
Read MoreShared Family Office: Advanced Wealth & Tax Strategy for Dentists and Business Owners
As your dental practice or business grows, so do the complexities of managing your wealth, minimizing taxes, and identifying smarter investment opportunities. For decades, the ultra-wealthy have used private family offices to solve these challenges—building customized teams of advisors, accountants, and investment professionals to protect and grow their fortunes. Now, with Shared Family Offices (SFOs),…
Read MoreFive Myths Your Landlord Wants You to Believe
Navigating a commercial lease for your healthcare practice can be overwhelming—especially when misinformation is at play. Landlords often present lease terms that seem fair on the surface but may not be in your best financial interest. Understanding the most common myths can help protect your practice from costly mistakes. Below, we break down five misconceptions…
Read MoreLandmark Tax Bill Signed Into Law: What Businesses and Individuals Need to Know
On July 3, Congress passed the sweeping One Big Beautiful Bill Act (OBBBA). This bill is a landmark tax and spending package that makes key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) permanent, introduces significant changes for businesses and individuals, and redefines international tax and clean energy policy. The bill was signed…
Read MoreWhen Tax Strategies Cross the Line: Lessons from a Colorado Dentist’s $5M Tax Evasion Case
Earlier this month, a dentist in northern Colorado was sentenced to more than three years in prison for participating in a multi-million dollar tax evasion scheme. The case offers a stark reminder to dental professionals: when it comes to tax planning, not all strategies are legal—or safe. The Case: Trusts, Foundations, and Fraud Dr. Ryan…
Read MorePaying Employees and Contractors
Properly paying employees and contractors is an essential part of running a business. Whether you’re managing a small startup or a growing company, understanding the differences in how to compensate your workforce—whether employees or contractors—ensures compliance with tax regulations and avoids costly mistakes. Before you can even start the payment process, however, it’s crucial to…
Read MoreThe Backdoor Roth IRA Strategy
Saving for retirement is an essential part of any financial plan—but for high-income earners, accessing the benefits of a Roth IRA can be frustrating due to IRS income limits. Fortunately, there’s a legal workaround known as the Backdoor Roth IRA strategy. This approach allows individuals who earn too much to contribute directly to a Roth…
Read MoreThe Augusta Rule — Renting Your Personal Home
As a business owner, you’re always looking for smart, legal ways to reduce your tax burden. One lesser-known but powerful strategy lies in your own backyard—literally. It’s called the Augusta Rule, and it allows you to rent out your personal residence to your business for certain events, deduct the expense on your business return, and…
Read MoreWhy is my distribution being taxed as Capital Gains?!
If you’re a shareholder in an S Corporation, you might be surprised—or frustrated—to find out that a distribution you thought was tax-free is now showing up as capital gains on your tax return. What’s going on? Let’s break it down. The Issue: Basis Determines Taxability In most cases, distributions from an S Corporation to a…
Read MoreShift Income to Save on Taxes with Child Wages
If you’re a business owner with children, you may be missing out on a valuable—and IRS-approved—opportunity to shift taxable income to a lower tax bracket. By employing your child in your business, you can reduce your overall tax liability and teach them the value of earning money at the same time. Why It Works: Two…
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