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.
TCA Holds Elections at Convention
The Texas Chiropractic Association (TCA) recently held elections at its convention in Houston, Texas where Michael R. Martin, D.C., was elected president. Other newly elected officers are: Benjamin L.D. Beard, D.C., president-elect, and Steve M. Elliot, D.C., secretary.
Also during the convention, the TCA honored two outstanding members: Richard G. Brassard, D.C., was awarded the Keeler Plaque, TCA's highest honor; and DeWayne M. Mirtsching, D.C., was named Young Chiropractor of the Year.
NCC President Attends AECC Ceremony
Dr. James Winterstein, president of the National College of Chiropractic (NCC), was recently invited to the Anglo-European College of Chiropractic (AECC) to witness the college's conferral of an honorary fellowship upon Her Royal Highness, Princess Diana of Wales (see the front page story in the August 16, 1991 issue of "DC"). Dr. Winterstein attended the ceremony with his wife, and had the opportunity to meet the Princess.
Dana Lawrence Receives Fellowship
Dr. Dana Lawrence, editor of the Journal of Manipulative and Physiological Therapeutics (JMPT), and director of the NCC department of publications and editorial review, has been elected to the Fellowship of the International College of Chiropractors, Inc. An invitation to Fellowship is only issued after a vigorous investigation of a nominated doctor; only one such invitation is proffered.
Medical Center Offers Chiropractic Continuing Education
The Long Island Jewish Medical Center's division of rehabilitation medicine recently announced that it is co-sponsoring a continuing education seminar open to DCs called "Neck and Back Pain: Diagnosis and Management." The seminar is also being sponsored by the Long Island Campus for the Albert Einstein College of Medicine.
The seminar will be held October 4-5 at the Long Island Marriott. For more information, contact Ann J. Boehme, C.M.P. at (718) 470-8650.
SCCA Names "Chiropractor of the Year"
The South Carolina Chiropractic Association (SCCA) recently named H.W. "Hank" Hulteen, D.C., its "Chiropractor of the Year" during the association's annual convention. This is the second such honor for Dr. Hulteen, who also received the award in 1980. A 1973 Palmer graduate, Dr. Hulteen is serving his third term as president of the SCCA, is past chairman of the South Carolina Board of Chiropractic Examiners, and was recently elected chairman of the board of the Federation of Chiropractic Licensing Board (FCLB).
Palmer Alumnus Donates Portion of Estate to the College
The late Dr. Frank J. Gough, of Lewiston, New York, donated $215,000 of his estate to the Palmer College of Chiropractic. Dr. Gough, a 1931 Palmer graduate, requested that a "Dr. Frank J. Gough Endowed Scholarship Fund" be established, with scholarship monies given to a minimum of two deserving students each academic year. The scholarship committee will choose recipients of these new scholarships on September 16th.
Of the donation Darrell Slabaugh, director of development at Palmer, said that it is "a tremendous way to say thank you for an education. It's a symbol of faith in chiropractic and the future of the profession."