Year-end Tax Tips for Dentists
Address: 939 Laurel Street, San Carlos, CA 94070
TOPIC
Year-end Tax Tips for Dentists: 8 Proven Tactics You Can Use Today
SPEAKER
Laura Phillips
This seminar provides dentists with actionable year-end tax strategies that can be immediately implemented to reduce tax liabilities for 2024. Participants will learn tried-and-true techniques along with lesser-known strategies to optimize their strategic business and personal tax planning and to maximize tax savings
Learning Objectives:
- Implement PTE strategies to reduce tax liabilities.
- Set reasonable payroll compensation, including for family members, to optimize tax benefits.
- Select and benefit from various retirement plans.
- Assess the financial impact of large purchases and vehicle depreciation.
- Utilize prepaid expenses and holding deposits for immediate tax advantages.
- Apply tax loss harvesting and Roth conversion techniques.
- Optimize the timing of asset sales for tax efficiency.
- Manage surplus cash in the bank.
SPEAKER BIO:
Laura Phillips, E.A. is the Co-Founder & Chief Executive Officer of the Phillips Group, a healthcare focused and technology-driven accounting, tax and advisory firm based in Orange County, CA with clients across the United States. Laura began her career as an entry-level staff accountant for a small local accounting firm. She worked for 15 years and quickly rose through the ranks of senior accountant, accounting manager and then accounting & tax manager - all while specializing almost exclusively in healthcare - before finally founding The Phillips Group with her husband Andrew, who serves as its Chief Growth Officer.
Laura works with dentists and physicians to advise in financial matters and accuracy and broad knowledge of tax accounting.
