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
Beginning on the front page of the Jan. 15, 1996 issue, "The Uncrowned Champion," by Todd Narson, DC, CCSP, there is an editing error of gender and relationship. Corey Narson, DC, who along with Dr. Todd Narson treated boxer Lamar "Cochise" Murphy, is referred to throughout the article as Dr. Todd Narson's brother, when in fact Corey is Todd's wife! This is quite embarrassing and the editor(s) responsible has been slapped around. To Drs. Corey and Todd Narson, please accept our apologies.