Accumulating Wealth

As a business owner your goal is to fall asleep each night with peace of mind that you won't be hit with any surprises, especially one that comes in the form of an unexpected tax liability. In the season 8 opener, Judson and Hunter begin discussing some of the silent risks lurking within your practice. They first dig into tax related risks; which forms to use, when to file, and what milestones to ensure you inform your CPA along the way to allow them to maximize your deductions and be as tax efficient as possible. With their forward thinking tax planning tips, you'll ensure your tax plan is proactive rather than reactive.

In this litigious society, firing an employee is the riskiest action you can take, however not firing when you know you should could cost you even more in the long run. In the final episode of the season, CEDR Solutions Paul Edwards joins our hosts to discuss the dos and don'ts of firing. From stressing the importance of documentation, to warning employers not to use "at will employment" as a bullet-proof vest, this is an episode you don't want to miss.

During the interview process, knowing the right questions can ascertain if an employee is a good cultural fit. Judson and Hunter are joined by CEDR Solutions CEO Paul Edwards, and step foot on the windy path of the hiring process. With so much at stake in finding the right person, Paul goes over how to identify a persons skills, properly conduct behavioral interviews and the most important of all, background checks.

Is your employee handbook an asset or a liability? Hosts Judson and Hunter along with guest, CEDR Solutions CEO Paul Edwards discuss why simply having an employee handbook isn't enough. When done well, it's policies can protect you from lawsuits and liabilities, and allow you to be a more efficient and confident leader. Listen in for guidance from Paul on how to put this document to work in your practice.

Don't wait for the inevitable to happen before you create a plan for what to do should a patient, staff member or family bring the virus into your practice. Judson, Hunter and CEDR HR Solutions Paul Edwards, weigh in on the current coronavirus landscape and how open and honest conversations, updated protocols and the Families First Coronavirus Response Act (FFCRA) can help before, during and after it hits.

In the first episode of our new season hosts Hunter Satterfield and Judson Crawford are joined by virtual guest, Paul Edwards, CEO of CEDR Solutions to chat about one of business owner's biggest pain points—HR issue—which seem to be magnified during the pandemic. Paul covers the top four HR mistakes owners make from handbook issues, fast hires, unprepared fires and COVID-19 staff complications.

Is a DSO sale right for you and your practice? In the final episode of season 6, Hunter and Judson along with NDP Valuation Specialist Christy Ratcliff discuss the resurgence of private equity and DSO sales. They address misconceptions head on, offer insight into how to read between the lines and talk through who may be a good fit for this type of sale.

Are you or someone you know considering bringing in a partner to the practice? Although this can be one of the most complicated paths, if done strategically, can be one of the most beneficial for both parties. In episode 3 the guys again welcome NDP Partner and Valuation Specialist Christy Ratcliff to discuss the most common questions they get about partnerships and how to determine when its the right time to add a new doctor. Additional resources mentioned in this episode: Practice Transition Resources: https://www.cainwatters.com/practice-transitions Check out our podcast series on our practice transition philosophy, hosted by Dan Wicker by searching "Creating Successful Dental Partnerships" or going to https://www.cainwatters.com/practice-transition-podcast/ NDP's Transition Talk is available now on Apple Podcast or at http://www.nationaldentalplacements.com/resource-partners/podcast-transition-talk/

In episode two of the partnership season, Judson and Hunter along with special guest, Partner and Valuation Specialists Christy Ratcliff define a walk-away sale and why sellers should start the process before they are ready. They dive further into the seller process with preparation steps and how to find the right buyer. They also look into the buyer advantages and disadvantages of this type of sale. With emotions running high in the buying and selling process, Christy goes over how she helps her clients maneuver the path.

In Season 6 of the Accumulating Wealth Podcast, Judson and Hunter are talking about your biggest asset: your practice. Joined by National Dental Placements' Partner and Valuation Specialist Christy Ratcliff, if you're looking to sell, buy, or bring in a partner in the future, this season is for you. In episode one, they tackle recent concerns over COVID-19 and how it has impacted dental practice valuations. Although the pandemic may have slowed your transition plans, it doesn't have to delay them all together. In this episode, Christy talks about the recent trends her team has observed and how they're handling these unique situations.