This episode is jam-packed with topics surrounding IRS AI bots, whether cash investments in a recession are an avenue for you, and those looming repayments on student loans. But first, did you know that $600 billion in taxes will go uncollected each year because the IRS needs more people and technology? The guys give their take on all of this and conduct a 5-month practice checklist to analyze your business financials and identify room for improvement.

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Orthodontic Comparison Report

Pediatric Comparison Report

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There was an astounding amount of production growth in 2022 for pediatric dental practice owners, and this special edition episode goes beyond the numbers in the NEW Pediatric Practice Comparison Report. With the help of a special guest, the guys are digging into how pediatric dentists' production per chair and per patient took off, where the average overhead remains, and how much they're really willing to spend on staff salaries. Listen and learn how these industry trends go side by side in all specialties. 

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Pediatric Comparison Report

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Would you believe us if we told you the average American retiree spends an hour grooming daily with the remaining time spent sleeping or leisurely? So, after all those years spent saving for your retirement dream, where does your money actually go? In this new episode, the guys dish on the lifestyle of an average retiree and how time and social security actually impact it. Plus, they evaluate the latest CPI report and if the economy is responding as it should.

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In honor of Tax Day, the guys discuss extensions and explain why if you’ve already received your tax return this year, it may be looking lower than normal. Lastly, the IRS wrapped up its final entries to the annual Dirty Dozen List, which includes sophisticated schemes targeted toward high-income taxpayers, and the guys are here to recap it all. 

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View the complete 2023 IRS Dirty Dozen List

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The IRS has released its annual list of the worst of the worst tax scams, and the guys are here to break it down.  Some items are new to the list, while others are repeat offenders; either way, the guys urge taxpayers, businesses and tax professionals to watch out for these scams throughout the year, not just tax season.

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S&P 500 Chart

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In this special edition episode, the guys explore the NEW Orthodontic Practice Comparison Report in-depth. Tracking 10 years of data, they identify industry trends that go side by side in all specialties. They analyze whether practice collections are growing, review the latest average staff salaries, and detail the sensitivities around raising fees. These different data points provide insight into where the orthodontic industry is heading and ways to use this report in your practice.

Could SVB’s breakdown cause a ripple effect that slows down the economy? With tightened market conditions already in place, investors are wondering if cash in the banking system is safe or if it’s sending smoke signals for a bank run. The guys are diving into this along with FDIC-insured deposit limits you might want to jot down and the Fed’s latest, surprising rate hike.

In this episode, the guys are unleashing all that’s been on their minds lately regarding the financial markets. They discuss how Silicon Valley's latest bank crisis is rattling America's largest banks and spooking investors. Plus, their favorite Ponzi schemes and how not to fall victim to "liquidity traps" like this during volatile economic times. 

This special episode was filmed at the 31st Annual Meeting with business owners in attendance. It is centered around the million-dollar question every practice owner likely has, “what is my practice worth?” And while that answer is multifaceted, NDP Partners Christy Ratcliff and Charles Loretto join in to offer their perspective on trends they’re seeing throughout thousands of practice valuations and the criteria needed to build up the value of your practice.

Every detail in your financial plan matters, which is why trust in your advisor is just as important as the financial performance. Because client/advisor relationships are so complex, the guys describe their approach to aid clients in making decisions that balance their emotional and social needs without sacrificing the ultimate financial goal.