Being proactive vs. reactive with tax planning will have a tremendous impact on profitability and long-term wealth creation. Keep in mind, I am not a CPA and I am not giving tax advice. Rather, I’m passing on information that I learned as a practice owner and now implement in my financial planning practice. While not an exhaustive list, here are a few items to contemplate in 2025 as you watch the dollars in your practice.
ACA, ICA and ACC Agree to "Jointly Support Legislation" for Veterans
On December 2, 2000, the representatives of the American Chiropractic Association, the International Chiropractors Association, and the Association of Chiropractic Colleges met to discuss legislative efforts for 2001. At the meeting, the legislative committee members agreed to jointly support legislation to provide for chiropractic care for the nation's veterans, and to include language that would mirror the newly passed Department of Defense statutory language calling for services that "at a minimum would include neuromusculoskeletal conditions." A joint working group (task force) of the three associations will advance this effort.
The task force is calling upon those doctors of chiropractic and patients to identify individuals active in veterans' groups that could advance this legislation.
A task force on Medicare was also formed to review the various issues to be resolved by statute.
The ACA and ICA also reaffirmed their support of the ACC's paradigm and position papers on chiropractic.