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
"A dose-response association exists between exposure to work stress and the metabolic syndrome. Employees with chronic work stress have more than double the odds of the syndrome than those without work stress, after other risk factors are taken into account. [This] study provides evidence for the biological plausibility of psychosocial stress mechanisms linking stressors from everyday life with heart disease."
Source
Chandola T, Brunner E, Marmot M. Chronic stress at work and the metabolic syndrome. BMJ Online, Jan. 20, 2006.