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.
ChiroPoll Provokes Anti-Subluxation Response
ChiroPoll (www.chiroweb.com/chiropoll) is a service of ChiroWeb.com that provides doctors and students of chiropractic with a new survey every two weeks and an opportunity to make comments. The poll prompts quite a bit of discussion.
Since mid-1998, the number of DCs and chiropractic students participating in the poll has been within the 100-250 range. But the most recent survey question ("Do you use the word "subluxation" when explaining chiropractic to patients?") garnered 2,174 responses.
Had the 2,174 poll takers all been doctors of chiropractic, it would have represented nearly 3.5% of the profession, but several sources have indicated an effort by a few anti-chiropractic groups to encourage their members to visit ChiroPoll and tip the survey results. Many DCs and students on line were alerted to this happening via the "Hot Topics" online discussion forum (www.chiroweb.com./cgi-bin/forum/hot.cgi ) and via e-mail.
In the end, the profession kept pace with the detractors, keeping the results at 50%-50% despite the over 1,000 "Yes" votes required to do so. Interestingly enough, in the comments section of ChiroPoll, the "Yes" voters recorded 22 comments; the "No" voters made only three comments.
The current ChiroPoll question is also likely to generate some outside interest:
"Should doctors of chiropractic be reimbursed by third-party payors for 'correcting subluxations' only?"
This question will be featured on ChiroPoll October 4-18. The results will be reported in the November 15, 1999 issue of Dynamic Chiropractic.
The next ChiroPoll question will be the first of a two-part survey that will help Dynamic Chiropractic provide you better, quicker access to information:
"Do you read the printed version of Dynamic Chiropractic, or DC On Line?"
This question will be featured on ChiroPoll October 18 through November 1.