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.
Gertrude Dunsworth Scholarship Renewed and Increased
The Meyer Distributing Company of Rancho Cucamunga has renewed its commitment to the Gertrude Dunsworth scholarship at Los Angeles College of Chiropractic in Whittier, increasing its donation by $1,000 on a yearly basis.
The scholarship, established in 1993 by the former owner of Meyers, Bill Howie, honors Dr. Gertrude Dunsworth, one of the first female DCs in the U.S. Dr. Dunsworth earned her degree in 1924 and taught chiropractic until 1926. She married a chiropractor and they practiced together until 1948, when they became the West Coast representatives for Meyer.
Despite change in ownership of Meyer over the years, the company has retained its ties to the memory of Dr. Dunsworth and chiropractic scholarship at LACC. The firm is owned by the Harrington family of Twinsburg, Ohio.
"We are delighted to remain with Los Angeles College of Chiropractic," noted George Southworth, sales manager for Meyer. "Like the college, our company has a commitment to quality, and we are proud to play a role in the education of future generations of the profession."
The Gertrude Dunsworth scholarship is awarded annually to a deserving minority student at LACC.