The Clinic Boss Show

What Practice Owners Get Wrong About Taxes, Finance, and Accounting with CPA Shayan


Listen Later

If you’re a clinic owner making good money but wondering why there’s never much left, this episode is for you. Rick sits down with CPA Shayan Rashid, founder of SRJ Chartered Accountants, to talk about how healthcare professionals can keep more of what they earn. His firm works with over 500 practice owners across Canada and the U.S., so he’s seen exactly what works and what doesn’t when it comes to profit, taxes, and building real wealth.

They cover how much dentists, physios, and chiropractors actually take home, the most common financial mistakes owners make, and how to legally pay less tax without getting burned. You’ll also hear how to get 100% clinic financing from the bank, how to use real estate to grow your net worth, and what you should review every month to avoid cash flow surprises.

This episode is packed with practical advice you can turn into action right away.

Whether you’re building, scaling, or thinking about selling, this conversation will change how you look at money forever.

>> Free training for clinic owners: clinicowner.com

>> Follow me on IG at: @thericklau

>> Join the community: clinicaccelerator.com

>> Stop missing calls with CallHero’s advanced phone system: mycallhero.com

Chapters

(01:00) Introduction and Event Planning

(04:12) Understanding Healthcare Practices and Profitability
(06:46) Financial Strategies for Healthcare Professionals
(09:51) Tax Planning and Capital Gains Exemptions
(12:47) Profit Margins in Chiropractic and Physiotherapy
(16:05) Economic Resilience in Healthcare
(18:48) Innovation and Value Addition in Practices
(21:57) Common Financial Mistakes by Practice Owners
(26:05) Managing Profits and Tax Responsibilities
(29:17) The Importance of Regular Bookkeeping
(32:44) Key Metrics for Financial Health
(38:45) Understanding Business Deductions and Tax Strategies
(48:50) Navigating Corporate Deductions
(50:59) Understanding Audit Triggers
(53:53) Funding Your Practice: Options and Strategies
(60:54) Buying vs. Building a Practice
(01:07:51) The Importance of Financial Records

...more
View all episodesView all episodes
Download on the App Store

The Clinic Boss ShowBy Rick Lau


More shows like The Clinic Boss Show

View all
Ramsey Everyday Millionaires by Ramsey Network

Ramsey Everyday Millionaires

3,679 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

577 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,466 Listeners

Practice Acceleration Podcast by Tristan Bond

Practice Acceleration Podcast

13 Listeners

The Peter Attia Drive by Peter Attia, MD

The Peter Attia Drive

8,555 Listeners

Front Burner by CBC

Front Burner

421 Listeners

My First Million by Hubspot Media

My First Million

2,645 Listeners

The Ramsey Show Highlights by Ramsey Network

The Ramsey Show Highlights

812 Listeners

RiskReversal Pod by RiskReversal Media

RiskReversal Pod

807 Listeners

Practiceology "7 Questions in 7 Minutes" Podcast by Paul Wright

Practiceology "7 Questions in 7 Minutes" Podcast

0 Listeners

The Practice Marketing Podcast by Neil Trickett, PT

The Practice Marketing Podcast

7 Listeners

The Dr. Gabrielle Lyon Show by Dr. Gabrielle Lyon

The Dr. Gabrielle Lyon Show

1,194 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

9 Listeners

The Loonie Hour by Steve Saretsky

The Loonie Hour

12 Listeners

The Wealthy Barber Podcast by The Wealthy Barber Inc.

The Wealthy Barber Podcast

65 Listeners