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
It used to be drug companies were five or 10 years ahead of these (antibiotic) resistant organisms, but now (the bacteria) are catching up. It's conceivable they'll get ahead of us in the next two or three years.
Dr. Lee W. Riley, noted researcher and microbiologist. USA Today, Friday, November 22, 1996.