Tooth and Coin Podcast

By: Jonathan VanHorn
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  • Summary

  • Starting and running a successful dental practice involves way more than just clinical expertise—it’s a whole new ballgame when it comes to managing the business side. That’s where the Tooth and Coin Podcast comes in! Hosted by Jonathan VanHorn, CPA/ABV, this show is designed specifically for dental practice owners who want to master the financial and entrepreneurial aspects of their business. Jonathan breaks down the most common (and often overlooked) problems dentists face when opening and managing their practices. From cash flow issues to tax strategies and everything in between, you’ll hear real-world solutions that will help you bridge the gap between being a skilled clinician and a savvy business owner. With each episode, you'll gain access to expert advice, practical tips, and resources that make navigating the complexities of dental entrepreneurship less overwhelming. Whether you’re struggling with how to manage your overhead, streamline operations, or grow your practice profitably, Jonathan provides the strategies you need to make informed decisions and set your business up for long-term success. If you’re ready to go beyond the chair and take control of your financial future, this podcast is your go-to guide for building a thriving practice.
    2021 Tooth and Coin Podcast
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Economics Education Leadership Management
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Episodes
  • Tax Estimates vs Reality: Why Your Practice's Tax Bill Feels Like a Root Canal

    Tax Estimates vs Reality: Why Your Practice's Tax Bill Feels Like a Root Canal
    Nov 8 2024

    If you’re a new practice owner, brace yourself for the potential tax shock that can come from unexpected expenses and obligations. Today I’ll break down tax estimates and projections to help you navigate the numbers more confidently. I’ll walk you through various scenarios that different practice owners face, from startups to acquired practices. I also highlight the unique tax implications that come with each.


    Established practices aren’t off the hook either—there are plenty of tax surprises waiting around the corner. Together, we’ll explore strategies for navigating these challenges, ensuring you’re well-prepared. Finding the right tax professional is crucial, so I’ll share tips on spotting legitimate experts in dental taxation and the key credentials to look for. Experience matters, especially when it comes to working with dentists, so we’ll discuss what to prioritize when choosing your tax advisor.


    I’ll emphasize the importance of being wary of professionals who might push investments without a solid strategy. You won’t want to miss the real-world examples of tax strategy scams and the high fees that often serve as a red flag. Finally, we’ll delve into comprehensive tax planning approaches, focusing on the modern strategies that ensure consistency in your tax planning efforts.


    What you'll hear in this episode:

    [1:45] Breaking Down Tax Estimates and Projections

    [4:05] Tax Considerations for Acquired Practices

    [5:20] Tax Surprises for Established Practices

    [7:55] Navigating Tax Strategies

    [9:40] Spotting Legitimate Tax Professionals

    [11:00] Identifying True Experts in Dental Taxation

    [12:40] Beware of Investment Pushing

    [14:35] Red Flags

    [15:25] Comprehensive Tax Planning Approaches

    [18:05] The Modern Approach to Tax Planning

    [19:35] Consistency in Tax Planning


    Learn more about Tooth and Coin's services: https://www.toothandcoin.com/
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    22 mins
  • The Tooth and Coin Podcast is Back

    The Tooth and Coin Podcast is Back
    Nov 1 2024

    Welcome back to The Tooth and Coin Podcast! I’m your host, Jonathan VanHorn, and I’m excited to reconnect with you. This podcast explores the ins and outs of owning a dentistry practice, providing insights to enhance both your practice and personal finances. I’ve taken some time away to focus on my practice for a while but I'm excited to jump back into content creation. I have reflected and refined my vision, fueled by my passion for optimization in the field.

    I believe sharing knowledge is crucial in our ever-evolving industry. In this episode, I’ll outline the exciting content you can expect, from practical tips to improve your dental practice to empowering financial advice that can help you make informed decisions. This podcast is designed to be relatable and actionable, steering clear of overly technical jargon. I invite you to join me on this journey. Whether you’re a seasoned practitioner or just starting out, tune in to the latest episode, and let’s navigate the complexities of dentistry and finance together!

    What you'll hear in this episode:

    [0:25] What's This Podcast About?

    [1:00] Where Have I Been?

    [4:55] What This Podcast Won't Be

    [7:20] Vision for Tooth and Coin

    [8:25] Join the Community

    Learn more about Tooth and Coin's services: https://www.toothandcoin.com/
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    9 mins
  • The Inside Scoop on Acquiring a Dental Office with Dr. Wes Buchman

    The Inside Scoop on Acquiring a Dental Office with Dr. Wes Buchman
    Nov 5 2021
    Join the discussion on Facebook! - and connect with Dr. Buchman!TranscriptJonathan VanHorn:Welcome to the Tooth and Coin Podcast where we talk about your adventure of being a dental practice owner. In these episodes, we're going to be talking about problems that you will likely face as a practice owner as well as give an idea about actionable solutions that you can take so that you can get past this problem in your practice. Some of these concepts are really big ones, some of them are very specific. But we hope that these episodes help you along with your journey.Jonathan VanHorn:Now, a very important piece for you to understand is that this is not paid financial advice. This is not paid tax or legal advice. We are not your financial advisors. We are not your CPAs. This is two CPAs talking about informational and educational content to help you along with your journey. It's a very important piece for you to understand.Jonathan VanHorn:Another thing that you need to know is that if you enjoy today's content, join us on the Facebook group. So we've got a Facebook group that is active with dentists that is going to have content talking about what we're talking about today to continue the discussion. Agree with us? Don't agree with us? Have a story to tell? Have something to share? Join us in the Facebook group. If you go to Facebook and you search for Tooth and Coin Podcast, click on it to join it and be able to join us there.Jonathan VanHorn:Finally, if you need some more help, we're developing a list of resources that are going to be centering in around our topics of discussion to be able to help you a little bit more than what the content is doing. So if you'd like access to that whenever it becomes ready, all you have to do is text the word toothandcoin, T-O-O-T-H-A-N-D-C-O-I-N to 33444. Again, that's toothandcoin, all one word, no spaces, to 33444. Reply with your email address and we'll email you instructions on how to get into the Facebook group as well as add you to the list to be able to send you those resources when they're available, and if they're available, we'll go ahead and send them to you as well.Jonathan VanHorn:So onto today's episode. I hope you enjoy.Jonathan VanHorn:Hello, ambitious dentists. Today, I have with us a very, very special guest in addition to my partner in crime, Mr. Joseph Rugger. So today, we are doing something a little bit different, a little bit more fun, that I think you guys are going to enjoy. We are talking with someone who we've been lucky enough to be able to see their entire dental practice journey so far. This person is Dr. Wes Buchman. So Dr. Wes, thank you for coming on today.Wes Buchman:Thanks, guys. Thanks for having me.Jonathan VanHorn:Yeah. So for people that are listening that aren't familiar with dentists in Arkansas, Dr. Wes Buchman has acquired an office. We were lucky enough to be part of that process. We've been able to see all of the success that he's had with that process. So Joseph and I were talking about some really fun ideas for episodes and Joseph thought this would be a good episode for us. So Joseph, why don't you take it away and just talk about what it is you're thinking that people will be able to get out of this conversation?Joseph Rugger:All right. Thanks, Jonathan. Really, really excited to bring you a new episode on the Tooth and Coin Podcast. We're really excited to talk to one of our good friends of Tooth and Coin. This is Dr. Wes Buchman, who is a practicing dentist, solo office in Central Arkansas. So I'm really, really excited to get a chance to come pick Dr. Wes's brain, learn a little bit more about his decision-making process, and all of the things that went into the first couple of years of practice ownership. So we're really, really looking forward to the conversation. Wes, thanks so much for joining us. We're happy to have you on the podcast.Wes Buchman:Yeah. I'm happy to be here.Joseph Rugger:Wes, why don't you walk us through maybe the decision? So you worked as an associate at another practice and there's quite a bit that goes into the decision to start your own business and to go out on your own and hang your own shingle on all those things. As you look back on the last couple of years and on the decision to make the leap into practice ownership, maybe walk us through some of the bigger things that you were thinking, some things that were big turning points for you and walk us through how you made that decision.Wes Buchman:Yeah. First, I was fortunate enough to get out of dental school and have a very good associateship with a successful practice. It couldn't have, at least financially, been a better scenario. It wasn't like I was scraping by or anything like that. So then it really turned into what do I want to be doing for the long-term? My personality is more of I want to do things my way, for better or worse I guess you could say. So I just knew that I wanted to be able to make decisions on my future and not ...
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    51 mins

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