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.
Oops! We Goofed
In the April 9, 2005 issue, we reported that the Palmer Chiropractic University System's Board of Trustees, at its annual meeting in February 2005, had officially named Drs. Donald Kern and Peter Martin as president of Palmer College of Chiropractic and Palmer College of Chiropractic West, respectively. The presidential appointments were made during the board's Feb. 4-5 meeting in San Diego, Calif.
The article, "Palmer, Palmer West Presidents: Interim No More," featured a profile of each new president. However, we erroneously reversed the photo included with each gentleman's profile - the photo of Dr. Kern accompanied Dr. Martin's biography, and vice-versa.
The staff of Dynamic Chiropractic apologizes for this error and any confusion/inconvenience it may have caused our readership or Drs. Kern and Martin.