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.
IQ -- Interesting Quote
How Efficacious Is Electrotherapy Equipment?
"Physiotherapy Management of Chronic Low Back Pain," a paper published in the October 1992 issue of the British journal Physiotherapy, makes an interesting remark in its conclusion that should send electrotherapy manufacturers reeling:
"Electrotherapy equipment, found in most physiotherapy departments, is expensive and has neither the advantage of manual therapy or exercise. Research evaluating the efficacy of electrotherapy treatment is necessary."The paper explores physiotherapy, manipulative therapy, exercise, nonsteroidal anti-inflamatory drugs, and rehabilitation programs. This may be another case when a hands-on approach is preferred. It also could be the beginning of third-party payers questioning the wisdom of reimbursement for care utilizing electrotherapy equipment.