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.
Chiropractic Chalkboard
Physicians throughout the country are losing control of the health care delivery system, which translates for them into an uncertain future, declining revenue and ambivalence toward quality of patient care.
-- Richard Reece, MD, National Association of Integrated Health Organizations (NAIHO) Chairman.
SOURCE: Alliance of Healthcare Advisors, October 2, 1996, press release.