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 R...
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 he...
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 the...
Interest rates have been coming down, and now might be the time to capitalize on it for large loan borrowers. In today's episode, Hunter and Judson discuss rates in the wake of COVID-19 and what to consider when deciding to refinance on home loans, jumbo loans, practice and practice real estate loans. Hunter and Judson will be back in July for our next season on dental practice transitions. In the meantime, get resources and updates on the dental industry and navigating COVID-19 at cainwatters.c...
Investing is a very important vehicle to help you reach your long-term financial goals, but what's with all the fees? Are they really necessary and how do you know if you are paying too much? Judson and Hunter dive into the complex world of investment fees: the different types, their purpose and what you’re really paying for.
With a little extra downtime, now is the perfect time to evaluate any unnecessary waste and get rid of excess expenses you may have let fall through the cracks. What fees do you think you can discard for the future? Special guest, President and CEO of Elite Dental Alliance offers clarity regarding fees, subscriptions, software services in the dental industry and how to navigate these charges that affect your cash flow.
You know what you your time is worth and the costs associated with running your business, but when those costs rise, why are owners always hesitant to raise fees for their patients? In this episode, Hunter & Judson discuss how to know if your fees are right, and if they are too low, how to increase without patient push back.
In season 5, our hosts will discuss ways to save you money in your practice, but before we do that—we must address the elephant in the room. Things are hardly business as usual. Your practice has been closed for 6 weeks and all production has been halted outside of taking care of emergencies. Practices are finally starting to open back up in some states, but the big question of maintaining cash flow is on the minds of owners. Judson and Hunter discuss the cash flow of a dental practice, PPP loan...
In the final episode of season four, our hosts take a scattershot approach on all the other things that didn’t fit into one of the other episodes. From individual to employee insurance coverage to property insurance, long-term care and umbrella policies to cover just about anything, Hunter and Judson want to make sure you are protected from life’s pitfalls.
Just recorded! Our hosts Hunter and Judson bust out of the Dallas County lock-down to record this bonus episode for you. If your practice and/or business is closed due to the pandemic, how will you maintain your cash flow, and for how long can you do it? In this episode, the guys review a 90-day cash flow plan touching on your cash needs, potential cash sources and how to determine your priorities. They offer specific suggestions what to do if you need more cash, ideas for productive ways to spe...
Stop here! Don’t scroll through this episode because you don’t want to think about it—this one is a must listen for everyone. Without a plan in place, settling your affairs should you become incapacitated or deceased, could have a long lasting and costly impact on your loved ones. Hunter & Judson are here to set the record straight that a will is not enough. The flow of the money is the most important part, and there are five documents you need to ensure your wishes (and money) are not left ...
As a service professional, your hands, mind and body are what brings money into your business. If you are unable to produce, how long will your business and family be able to keep up with day-to-day expenses? Sure, “it will never happen to me,” but there is a 3 in 10 chance of suffering a disability that keeps you out of work for 90 days or longer at some point in your career. In this episode, hosts Hunter and Judson discuss long-term disability carriers and policy types, appropriate coverage am...
Season 4 covers topics that may not be talked about enough (but should). In this first episode, hosts Hunter and Judson cover life insurance and everything that comes with it. Term life versus permanent life, they go over the types that may be suitable and how much you really need to protect the ones you love.
It’s a tale as old as time, you love your children and want to give them the best, but when is it too much? The adult child’s car insurance, cell phone, student loans—are they eroding your retirement savings? This episode is not here to tell you to cut off your kids (although maybe you should), but rather how to help you never have to get to that point. Judson and Hunter cover when and how to start educating your children on the value of money, and why not only is it a priceless gift to your chi...
Projecting your lifestyle is the most important part of your retirement plan—it can also be the hardest. Hunter and Judson cover the four variables to determine what you need for retirement: when, what you’ll spend, what to save and rate of return. They also uncover what distribution strategies there are, retirement calculators and choosing Roth or Traditional Deferrals.
Not all debt is created equal. In this episode hosts Hunter & Judson help clear the air around the different types of debt. Good debt, bad debt, the worst debt—and what qualifies each. They hit all the common questions around student loan debt, how to start paying down common types of debt or refinancing your home. They shed more light on when to pay off debt, the current interest rates and when to refinance your home.
Is there an easy way to budget? Hosts Judson and Hunter share their secrets around favorite budgeting apps, escrowing big expenses, homes, cars and lifestyle creep. They also cover some of the tough topics like how to budget when a spouse is involved, and the ever present question—do you need an Amazon category in your budget?!
Even if the children are still in diapers, it’s likely you are already thinking of how you are going to save for their college education. In this episode Hunter and Judson offer clarity on how much to save, and different vehicle options available to do it. Coverdell or 529, the hosts share what to look for and what to avoid in a state sponsored plan. They shed light on the average cost of college, best ways to save and what to do with those left over funds.
When you are a business owner, how do you determine how much to pay yourself? Hosts Judson and Hunter clue listeners in on why the how you pay yourself is just as important as the how much. They start at the top with four questions to ask yourself to determine the right amount and move into the breakdown of the tax implications of W-2 wages versus distributions. They address the 4 big questions to ask yourself when and how to pay yourself, how to avoid excess payroll taxes and more.
There are multiple corporate structures you could use when setting up your business—Sole Proprietorship, Partnership, S-Corp, C-Corp, LLC—and they all impact your level of tax liability in different ways. In this episode Hunter & Judson help you review the legal versus tax side of each entity, and how to determine which structure is right for you. Want more information on this topic? Read a full description on business entity options at http://bit.ly/2onH3gT.
Sometimes audits happen. Is it random selection, or based on a higher than average deduction? In this episode Hunter and Judson tell you when to take a deep breath and contact your CPA…and when to panic and move to Bermuda. They cover top risks, types of audits, how long to keep receipts and what to do if you get a letter from the IRS.
When it comes to summitting your tax return, there are some mistakes that you just don’t want to make. In this episode Hunter and Judson cover some of the most common mistakes made on both a business and personal return, and what to do if you’ve already made them. From travel, 1099 employees, safe basis estimated taxes and “omissions of information,” get prepared this season by knowing what not to do.
As the end of the year approaches, have you done all you can to minimize your tax liability? Listen in as Hunter & Judson walk through their end-of-year tax checklist. From maximizing your 401(k) to deductions, equipment purchases and charitable donations—they will cover the steps to take to proactively plan for next year’s tax season today. In this episode you will also hear Hunter explain the difference in marginal versus effective tax rates and Judson’s public service announcement on IRA ...
In the first episode of this five-part series, hosts Hunter and Judson tackle common myths and misconceptions around taxes. Starting with the how and why on extending or amending your tax return all the way around to debt paydown whiplash and if you can deduct your automobile or Chick-fil-a. Hunter the human calculator and Judson and his boots offer tips to keep you out of the red-flag zone. - Deadlines/Extensions: Does extending help or hurt audit chances? - Amending tax returns - Automobiles a...
As an business owner and investor, knowing the difference between investing options is important to make informed decisions about your financial plan. CPA Hunter Satterfield talks with Haag Sherman, CEO of Tectonic Advisors LLC, about these differences and more in his latest episode. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.
Strategic savings is an essential part to accumulating wealth. CPA Hunter Satterfield sits down with Tom Sanders, partner at Cain Watters and Associates, to talk about strategically saving through tax-deferred vehicles. Submit your questions or comments for Hunter at cainwatters.com/wealthpodcast.
