Welcome back to The Dental Boardroom Podcast with Wes Read CPA, CFP!

In today's episode, we're pivoting from last week's discussion about reviewing your own financial statements to a powerful new focus: the 10 critical questions you should be asking your CPA every year — not just at tax time.

Why is this so important?

Most CPAs are historians by training — they look backward. But if you learn to engage them correctly, you can push your CPA into a more analytical, forward-thinking advisor role that will transform your practice’s financial success and help you build lasting personal wealth.

Key Points:

• Why Timing Matters: Waiting until year-end to talk with your CPA can cost you tax-saving opportunities. Meet proactively in Q2 and Q4!
• CPA as Historian vs. Planner: Most CPAs are trained to look backward, but with the right questions, you can push them to think forward.
• Financial Integration: The greatest value comes when your business cash flow planning connects directly to your personal financial goals.
• Personal Financial Independence: Route business profits smartly—either spend on personal expenses or build your balance sheet (assets).
• Avoid Financial Leaks: Without good cash flow control in the practice, money will leak away before strengthening your personal net worth.
• Schedule Smart Meetings: Ideal times to meet your CPA are after tax season (May-June) and after October 15th.
• 3 Sections for CPA Questions:

1. Profit & Loss: Understand your goals-based break-even and if you're hitting it.
2. Taxes: Stay ahead of tax liabilities, deductions, and strategic opportunities.
3. Financial Planning: Align your practice cash flow with your long-term personal financial goals.

• Key Concept: "Goals-Based Break-Even" — how much you must collect monthly to fund your current lifestyle AND save for financial independence.

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