Dental Practice Finances: Strip the Profit & Loss Down and Find Your Real Profits

Most dental practice owners take home 30% and call that real profit, but if an associate can in and costs you the same percentage, the practice itself earned nothing.  Essentially you are breaking even! That's the math Omar Virjee runs with every one of his 600+ dental clients, and it changes how owners see their own P&L overnight. SPECIAL GUEST ON THIS EPISODE: Omar Virjee, CPA - CEO & Founder, Virjee Consulting Dental and medical CPA serving 600+ practices nationwide 14 years specializing in dental practice financial planning and tax strategy.  Entrepreneur since age 14, exited his first business at 21 Active real estate investor and practice profitability advisor What you'll discover in this episode: Why depreciation and amortization inflate your expenses and hide what you actually made The difference between tax income and real income, and why your CPA tracks both How mid-year tax planning between August and September unlocks $40K–$60K that April filing misses Why 25% EBITDA means your own practice outperforms the S&P 500 as an investment The QBI/Section 199A deduction and the income threshold that makes it free money How to build the three-legged stool, practice value, real estate, index funds What "golden handcuffs" actually look like on a dental P&L Why saving $100K/year for 10 years generates enough passive income to cover half your family's expenses Perfect for dental practice owners, associate dentists planning to buy, and any dentist who reads their P&L and doesn't trust what it says. The wealth conversation dental school never had, and the one number that tells you whether you own a business or just a high-paying job. Love the show? Subscribe and watch on YouTube: https://www.youtube.com/@DentalUnscripted Learn more about Next Level Consultants: https://nxlevelconsultants.com 🌟 Leave a 5-star rating and review on Apple Podcasts, it takes 30 seconds and helps more dental practice owners find us. 🫶 Topics covered on this podcast: dental practice finances, dental practice profitability, dental tax planning, dental financial planning, dental CPA, dental practice ownership, profitability in dentistry, dental EBITDA, dentistry and finance, dental practice financial tips, dental business, dental practice management, building wealth in dentistry, dental entrepreneur advice, dental practice expenses Production by © Dental Unscripted 2026 The content provided in this episode is for informational purposes only and does not constitute legal, financial, or tax advice. Always consult with a qualified professional regarding your specific situation.