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
There must be a doctor who is a specialist of the motor system. It doesn't yet exist, and particularly it must be a specialist who understands motor dysfunction and not just pathology. Established medicine does not go into understanding dysfunction. And it's getting worse because they (medicine) rely more and more on imaging techniques, which practically all show change in structure.
There is a need for a profession that will develop a focus on the motor system as a whole. If the trend continues, it is quite possible that the chiropractors will do it. It will take another two decades, but the trend is there."
-- Karel Lewit, MD, pioneer in medical manual therapy, professor at Charles University and consultant to the Central Railway Health Institute in Prague, Czechoslovakia.
Source: Vertebrovisceral relations: a medical perspective. California Chiropractic Association Journal, March, 1997.