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.
The First Century of the Science, Art & Philosophy of CHIROPRACTIC
Here are four areas where you can make a difference in preserving the profession's past:
1.
a. Determine from the administration of your alma mater how a donation will support and/or encourage historical research at the college.
b. Determine who at your college may be doing historical research (see AMER. J. CHIRO. MED. 1990 (March), Chiropractic History 1989 (December) & 1990 (July).
c. If the results of a & b (above) are positive, make a donation to your alma mater or another chiropractic college.
2.
a. Join the ASSOCIATION FOR THE HISTORY OF CHIROPRACTIC (AHC), and receive a subscription to Chiropractic History, the AHC's journal.
b. Attend the annual AHC historical conference (this year at Parker College of Chiropractic, June 2, 1990, Dallas).
3.
a. Make a donation to the CHIROPRACTIC HISTORICAL FUND of the NATIONAL INSTITUTE OF CHIROPRACTIC RESEARCH (NICR).
4.
a. Contribute old books, journals, legal and clinic records, advertisements, correspondence and equipment to a chiropractic college archive (e.g., PALMER COLLEGE/Davenport, LOGAN COLLEGE in St. Louis.)
Here's where to get started:
Archives of the Logan College of Chiropractic,
1851 Schoettler Road,
Chesterfield, Missouri 63017
(314-947-8755)
Archives of the Palmer College of Chiropractic,
1000 Brady Street,
Davenport, Iowa 52803
(319-326-9600)
Association for the History of Chiropractic,
(William S. Rehm, D.C., president),
4920 Frankford Avenue,
Baltimore, Maryland 21206
(301-488-6604)
Chiropractic History
(Russell W. Gibbons, editor),
207 Grandview Drive,
Pittsburgh, Pennsylvania 15215
(412-782-0171)
National Institute of Chiropractic Research,
(Paul J. Osterbauer, D.C., Research Administrator),
P.O. Box 80317,
Phoenix, Arizona 85060
(602-224-0296)