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.
I.Q. -- Interesting Quote
NACM Defines Chiropractic?
Since its inception in 1967, the National Association of Chiropractic Medicine (NACM), aka the Orthopractic Manipulation Society (OMS), has been extremely critical of the chiropractic profession. NACM Chairman of the Board Ronald L. Slaughter, MSc, DC (and OMS national executive director), presented his view of chiropractic before NACM/OMS members earlier this year:
"Chiropractic is a profession based on theoretical _nonsense_ (bulls**t) acceptable to no one but some (?most?) members of the chiropractic profession." (Emphasis and parenthetical comments belong to Dr. Slaughter.)