John is a CPA, CFP, author, educator, and TV personality who has appeared on such shows as NY1 News “Money Matters,” Fox Business News, CBSN, and Reuters TV. He wrote an amazing book on achieving financial independence titled “Getting to Point X” and has published articles in Money Magazine, the Wall Street Journal, the NY Times, Forbes, US News & World Report, and Financial Advisor Magazine. John has tremendous knowledge in the tax and financial planning arena, especially as it pertains to dentists. If you’re a dentist and you want to know more about how to lower your taxes, DO NOT MISS THIS EPISODE!!

This episode is FULL of AMAZING TAX INFORMATION FOR DENTISTS, including:

• How to get to what John calls “Point X,” or financial independence.
• The biggest expense that dental practitioners face.
• Legal strategies and loopholes to decrease your tax liability and increase your wealth.
• The difference between a tax deduction and a tax credit.
• The most commonly missed tax deductions and credits.
• How to make entertainment expenses fully deductible.
• What the “Ordinary and Necessary Test” is and how it’s used by the IRS.
• How to choose the right accountant for you and your practice.
• Whether your receipts should be digital or paper, how they should be organized, and for how long you should retain them.
• How you can save literally hundreds of thousands of dollars with the SALT deduction/credit loophole.
• How the ERC credit works, if you can really save up to $26k per employee, and how working with certain solicitors can lead to criminal charges and the loss of your dental license!
• Whether or not the Inflation Reduction Act will increase your chances of being audited.
• Which entity is least likely to get audited and which entity is MOST likely to get audited and if the Inflation Reduction Act will change that.
• The different types of IRS audits and the steps to take if you are audited.
• If you should pay more taxes than you need to in order to decrease the risk of an audit.

Important Links:
-To purchase John’s Book: https://www.ventotaxandwealth.com/buy-the-book

-You can find more information on John and his firm, Vento Tax and Wealth Management, at www.VentoTaxAndWealth.com.

-Link to John’s Newsletter: https://www.ventotaxandwealth.com/blog

-Link to John’s article on IRS Audits: https://www.ventotaxandwealth.com/tips-for-dentists

-Link to a number of tax calculators: https://www.ventotaxandwealth.com/resource-center/calculators

-Link to the IRS website on the Employee Retention Credit: https://www.irs.gov/coronavirus/employee-retention-credit
-Link to the DOC website: www.TheOrthoCoach.com

I had an amazing conversation with my extremely impressive colleague, Dr. Steffen Decker. Steffen is a prominent orthodontist in the UK who started his career treating adults with Invisalign and lingual braces and has since developed a passion for helping younger patients with interceptive orthodontic treatment. We discuss:

• How Dr. Soroush Zahgi inspired Steffen to focus more on interceptive treatment and airway.
• How restorative dentists such as Dr. John Kois and Steffen’s wife helped Steffen understand the detrimental long-term impacts of an extraction/retraction approach to orthodontic treatment.
• The role of an oral habit in the aberrant craniofacial growth and development of one of Steffen’s twin sons.
• The importance of a thorough diagnostic process, including listening to your patients, in order to determine the etiology of the presenting malocclusion.
• Why so many orthodontists remain opposed to treating patients earlier/younger.
• A recent debate I had with a colleague on social media about determining and treating the etiology of malocclusion.
• The difference between left-brained and right-brained individuals, and how that can determine who is more open to changing their approach to patient care.
• The logistical challenges associated with having randomized controlled studies on the benefits of early treatment, especially as it pertains to airway.
• Why CPAP was originally approved based upon a study with only 5 patients, yet studies showing the benefits of expansion on airway of hundreds of patients are deemed insufficient evidence of its efficacy.
• The influence of environmental factors on the development of malocclusion and the fallacy that the etiology of malocclusion is completely genetic.
• Why Steffen has parents film their child sleeping with a baby monitor and send it to him.
• That once you see and feel what you can do to change the lives of younger children, you will never be the same regarding your approach to early treatment.
• The need for all those who have had the privilege of changing a patient’s life through early treatment to share that message with others.

LINKS:

-To contact Dr. Decker: Steffen@theorthodonticspecialist.co.uk

-Tuncay & Schiffman article: https://www.researchgate.net/publication/11794785_Maxillary_expansion_A_meta_analysis

-Papadopolous Review of Tuncay & Shiffman article: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3111736/

-Link to episode w/parents of a 6yo patient Dr. Mike treated: https://youtu.be/wJFP_9NFnv0?si=0QhYGPAQ3HV0G2dn

-To contact Dr. Mike: DrMike@TheOrthoCoach.com

I am SO EXCITED to bring you today’s guest, Dr. Tom Pitts. Dr. Pitts is a true legend in the field of orthodontics who has been practicing and educating for over 50 years. We have an amazing discussion about a variety of topics, including:

• How Art Dugoni influenced Dr. Pitts’ career from the very beginning.
• What Dr. Pitts learned from industry legends such as Ricketts, Harvold, Roth, Damon, and others.
• How Ricketts approach to slow maxillary expansion changed Dr. Pitts’ perspective on early treatment and arch development.
• Possible reasons why residents aren’t learning about the benefits of early treatment.
• Why general and pediatric dentists are more open to the benefits of early treatment.
• How to successfully achieve and maintain Class II correction in the mixed dentition.
• How to best retain Phase I arch development.
• The amazing benefits of disocclusion in both interceptive and comprehensive treatment.
• How the use of light, short Class II elastics is a complete game changer to achieve early and predictable sagittal correction.
• The 5 key components to Dr. Pitts’ vision for orthodontic treatment.
• How Dr. Pitts is treating full comprehensive cases in 9-13 months.
• The impact of extractions on lip fullness over time.
• The benefits of using square (versus rectangular) wires.
• Which arch forms to use to develop/expand the arches.
• The reason why Dr. Pitts developed an .021 x .026 bracket (versus the standard .022 x .028).
• The dates and locations of upcoming Pitts 21 Seminars.
• What Dr. Pitts sees as his legacy in the profession of orthodontics.

*We also review various cases treated with the Pitts philosophy, so be sure to check out the YouTube link to this episode!

LINKS:

• VISIT OUR EPISODE SPONSOR – Retainers for Life! Visit www.AfterOrthoRevenue.com and use code ‘DOC2024’ to get $2500 off your enrollment fee!
• Link to Video on DOC YouTube Channel (to view Dr. Pitts cases): https://youtu.be/NyLDNqGIsp0?si=Briqt0ud379_NcGl
• Link to enroll in the Pitts Seminars: joniabel@me.com
• Links to the DOC courses on Phase I: https://theorthocoach.com/ce-courses/
• Links to the YouTube videos on Ph I:
• -Part I: https://youtu.be/AsqQDiwVn0Y?si=-glbQCLg0gnj-a73
• -Part II: https://youtu.be/kXZxuMiO3iE?si=YBbG1N56F6VrBbPS
• Links to OrthoTown articles:
• -Part I: https://www.nxtbook.com/farran/orthotown/orthotown-june-2023/index.php?startid=54#/p/54
• -Part II: https://www.nxtbook.com/farran/orthotown/orthotown-november-2023/index.php?startid=52#/p/52