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.
Correction to Dr. James W. Parker Obituary
In listing the surviving relatives of Dr. James Parker in the Dec. 1 issue, we neglected to mention one of his three surviving sons, Dr. James W. Parker Jr.
The complete listing:
three sons:
Dr. W. Karl Parker, president, Parker College (and his wife,Judy);grandchildren:
Dr. James W. Parker Jr., a 1996 graduate of Parker College;
Dr. John Parker, a 1994 graduate of Parker College (and wife, Stacey Lynn, a Parker student).
Dr. Juddson Reed Parker (1995 Parker graduate);great-grandchildren:
Dr. Robert Allen Parker (1991 Parker graduate) and wife, Kellie (1991 Parker graduate);
Michael Chance Parker and wife, Diane Marie;
Steven Chase Parker (Parker student);
Aleczandria Grace Parker, Ashley Brooke Parker, and Bailey Lauren Parker.
Jordan Paige Parker;sister:
Bryce Ashton Parker;
Jade Alexis Parker;
and Cole Granger Parker.
Thelma Hensley (and husband, Virgil);Dr. Parker was preceded in death by a son, James Glen Parker, and a daughter, Barbara Diana Parker.
sister-in-law Margie Parker, and Donna Coughlan.