Education / Events

Taxes & Cash Flow

Address: 939 Laurel Street, Suite C, San Carlos, CA 94070


TOPIC 
Year-End Taxes & Cash Flow

This workshop, hosted by Laura Phillips, EA, Founder & CEO of The Phillips Group, provides dental professionals with a practical and proactive guide to year-end tax strategy and cash flow management. Participants will explore the latest legislative updates, including the “One Big Beautiful Bill,” and learn how to leverage key tax-saving opportunities like the PTE elective tax, advanced retirement planning, and strategic asset purchases. The session also delves into the nuances of compensation planning for family members and how to report and manage cryptocurrency transactions.

Beyond taxes, the presentation emphasizes the importance of understanding practice cash flow, distinguishing it from profitability, and applying key performance indicators (KPIs) to track financial health. Attendees will leave equipped with actionable strategies to minimize taxes, optimize cash reserves, and build long-term financial strength for their practices.

SPEAKER
Laura Phillips, EA

Learning Objectives:

  1. Identify key year-end tax planning strategies available to dental professionals, including the use of PTE elective tax, retirement plan deferrals, and equipment depreciation.
  2. Evaluate the impact of the “One Big Beautiful Bill” on their tax position, including updates to SALT caps, bonus depreciation, and new incentives like the Trump Accounts.
  3. Implement effective compensation and payroll strategies for themselves, their spouses, and even their children to reduce tax liability.
  4. Distinguish between profit and cash flow and apply essential KPIs to assess practice health and guide financial decision-making.
  5. Use tools like prepaid expenses, Roth conversions, and tax loss harvesting to proactively manage both taxes and long-term financial goals.


SPEAKER BIO:

Laura Phillips, E.A. is the Co-Founder & Chief Executive Officer of the Phillips Group, a healthcare focused and technology-driven accounting, tax and advisory firm based in Orange County, CA with clients across the United States. Laura began her career as an entry-level staff accountant for a small local accounting firm. She worked for 15 years and quickly rose through the ranks of senior accountant, accounting manager and then accounting & tax manager - all while specializing almost exclusively in healthcare - before finally founding  The Phillips Group with her husband Andrew, who serves as its Chief Growth Officer.
Laura works with dentists and physicians to advise in financial matters and accuracy and broad knowledge of tax accounting.

 


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