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.
California College News
Los Angeles College of Chiropractic in Whittier held a luncheon to recognize financial contributors to the college this past year. Names of the donors that were added to the college's Hall of Honor were: Dr. and Mrs. Charles Cooke, L.A.; Dr. Lisa Dayan, L.A.; Dr. and Mrs Mel Morrow, Lancaster; and Mr. and Mrs. Ed Jones, Hemit, representing the Dr. Edward Chesney estate.
Dr. Reed Phillips, president of LACC, said the contributions have allowed the school to start construction of a new student center, offer new scholarships to worthy students, and to open a new health center near downtown Los Angeles.
Others recognized for their 1999 contributions were: Dr. Andrew Lee, Redlands; Dr. Joseph Howe, Agua Dulce; Dr. Stephen Smith, Buena Park; the estate of Leo Rosenhouse; the estate of Dr. Elton Glenn Williamson; and the LACC Associated Student Body.
Life Chiropractic College West has named Michael Comini as the new dean of students. Mr. Comini, who studied psychology as an undergraduate and holds a master's in social work, previously was the executive director of Planned Parenthood of North Texas, Inc., Fort Worth.
Life Chiropractic College West in San Lorenzo, has named Kendra Holloway,DC, as director of the postgraduate and continuing education department. She has served as the department's acting director since February 1999.
Dr. Holloway, who earned her DC degree from Life West in 1996, has maintained a private, part-time chiropractic practice in Alameda since 1997.
Roseanne Becker has been appointed vice president for development and executive director of the Cleveland Foundation. The Cleveland Foundation, established in 1998, is the nonprofit philanthropic corporation of Cleveland Chiropractic College in Los Angeles and Kansas City.
Roseanne Becker has worked the past 12 years as a professional fundraiser.