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.
Sec. of Ed. Renews Status of CCE's Commission on Accreditation
Secretary of Education Lamar Alexander announced August 18, 1992 that the Council on Chiropractic Education's (CCE) Commission on Accreditation (COA) is awarded continued recognition to August 1997, based on the recommendation from the National Advisory Committee on Accreditation and Institutional Eligibility.
In essence, this recognition is an affirmation by the government of the COA's status as an accrediting agency for the accreditation of programs leading to the doctor of chiropractic degree.
When chiropractic colleges seek CCE membership, it is the COA that is delegated the responsibility for carrying out the process of accreditation, institutional evaluation, and status decisions. Currently, 14 chiropractic colleges hold accredited status with the CCE.
For a closer look at the role of the COA, see the interview with COA chairman Dr. Marino Passero in the September 11 issue, or the interview with CCE President James Winterstein in the July 31 issue of "DC".