Offering proactive tax planning, advanced tax strategies, and private family office services, DrillDown Solution helps dental practices 'drill' into financial success
Drilling isn't only essential in the operatory. In fact, drilling down into your practice's fi nances can lead to higher profit margins. That’s the vision behind DrillDown Solution, a CPA fi rm that's been helping practices succeed since 2004.
DrillDown Solution traces its roots to two founding partners—one of whom had an orthodontist brother. As dental clients were steadily referred to the fi rm, it began providing dental profitability consulting and analytics. This led to the spinoff of Dental Intelligence on the analytics side, while DrillDown Solution doubled down on meeting the unique financial needs of dentists—helping them navigate tax planning, bookkeeping, yearly audits, and more.
Bringing Unique Tax Strategies to the Table
“Today, we offer a free service called Practice Pulse, which evaluates dental practice profitability against industry benchmarks, estimates practice value, and offers suggestions for improvement,” said Ed Gabriel, CPA, President at DrillDown Solution. This helps dentists gain visibility into their practice performance, pinpointing strengths to build on and areas ripe for optimization.
But the story doesn’t end with benchmarking. DrillDown Solution also champions a Shared Family Office approach, which is designed to provide access to exclusive tax strategies and investment opportunities typically reserved for the ultra-rich—for example, private real estate, private credit, and private equity.
As Gabriel explained, “Affluent individuals should be privy to how the wealthy are saving on taxes and investing their wealth—often getting higher returns with less risk—which is extremely important for very profitable dentists and those planning to sell their private or group practice.
"All too often, dentists find themselves in the “buy, hold, and hope” mindset—heavy in public equities and light on private investments. That's where DrillDown Solution can step in and bring some bring some unique private investment strategies to the table.
“Regarding taxes, many dentists are unaware of advanced tax strategies, which can significantly reduce annual income taxes and capital gains taxes during practice transitions,” said Gabriel. “We can help them become familiar with what private investments are and how to get more return with less risk than they typically would in mutual funds.”
Proactive Planning Is Key
DrillDown Solution also emphasizes year-round tax planning. “Proactive planning throughout the year is critical to help manage cash flow, avoid surprises, and identify mitigation strategies well before the year is over,” said Gabriel. And when it comes to large purchases like dental equipment and taking advantage of the section 179 tax deduction, Gabriel advises not to “let the tax tail wag the dog.”
“It’s a great advantage, but is it economically the right decision?” he said. “We want to help practices make good economic decisions first and foremost."
