The Extraction Ep 33: Tax Strategy vs CPA: What Every Dentist Should Know

About this episode

Rachel Michaelov discusses advanced tax strategies for dentists to avoid overpaying taxes and build wealth.

Most dentists work hard. Too many overpay in taxes because they rely on reactive advice instead of proactive planning. In this episode of The Extraction Podcast, Kyle Bergman and TeamCare CEO Colin sit down with Rachel Michaelov, Founder and CEO of Empire Tax Advisors and Practice Wealth Partners. Rachel shares how a dentist with a large tax liability inspired her to specialize in advanced tax strategies for practice owners. She explains the critical difference between tax preparation and tax strategy, why many dentists write six-figure checks to the IRS unnecessarily, and what practice owners can do before year-end to reduce taxable income legally. Rachel also breaks down entity structure mistakes, reasonable compensation for S Corps, cost segregation strategies, R&D tax credits, and why buying equipment solely for tax savings can backfire. This conversation is packed with practical insights for dentists who want to build wealth while growing their practices. www.teamcaredental.com www.empiretaxusa.com

People in this episode

Hosts: Kyle Bergman, Colin

Guest: Rachel Michaelov

Topics covered

• tax strategy
• dentistry
• tax preparation
• wealth building
• practice management
• tax liability

Keywords

• tax strategy
• dentists
• tax preparation
• tax liability
• wealth building
• S Corps
• cost segregation
• R&D tax credits

Mentioned in this episode

Organizations: Empire Tax Advisors, Practice Wealth Partners, TeamCare

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