SCCDS Financial Symposium – 11/5/23

Best Practices for Your Dental Business
– Legal, Tax and Accounting, & Tax-Efficient Financial Planning for Business Owners

Tamara B. Pow, Strategy Law, LLP
 Should my dental practice be in a corporation?
 What do I need to know about maintaining my corporation to protect my liability?
 Do I need a shareholder agreement?
 Should my office real estate be in an LLC?
 What do I need to know about buying or leasing my office real estate?
 What is the new Corporate Transparency Act and how will it affect my business?

Yu-Ting Wang, P.C., CPA, MSA, MST
 Tax consequences for different types of business structures:
 C Corp, S Corp, partnership/ LLC, Sole Proprietorship
 Self-employment tax implications
 What is the Pass-Through Entity Elective Tax (PTET) and how can I take advantage of it?
 What is the Qualified Business Income deduction (QBI) and am I eligible?
 S corporation reasonable compensation vs distribution
 Am I raising a red flag with the IRS because of my low salary?
 Best practices for accounting

Sheri Pan, Pantheon Wealth Planning, CFP®, MST
 Why are qualified retirement plans attractive?
 Which qualified retirement plan is best for your business?
 How to maximize income tax & QBI deductions
 Secure Act 2.0 – Implications for your business, retirement distributions & estate planning
 What is a “Backdoor Roth IRA” & how it can help with future taxes?
 Business & Personal Tax planning considerations before year-end

Schedule:

• 12 pm – 1 pm – Hosted Lunch/networking – Sponsored by Pantheon
• 1-4 pm – Three presentations
• 4-5 pm – Networking

Co-Sponsored With: