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.
Gallup Poll: Americans Have Low Opinion of Chiropractors' Honesty and Ethics
Results of Gallup's latest poll on honesty and ethics by profession are in, and for the eighth consecutive year, nurses top the list by a definitive margin. However, while 84% consider nurses' ethics "very high" or "high," only 36% feel the same way about chiropractors.
The poll, conducted Dec. 8-10, 2006, rated 23 occupations, including seven health care professions, with regard to their honesty and ethics. Poll respondents could choose from one of four options when assessing each profession's honesty/ethics: "very high," "high," "average" and "very low/low."
The majority of the health professions surveyed ranked high on the list: Druggists or pharmacists came in second, with 73% of respondents rating them "very high" or "high," followed by veterinarians (71%), medical doctors (69%), and dentists (62%). Among non-health-related occupations, engineers received the best ethics rating (61%), followed by college teachers (58%), clergy (58%) and policemen (54%).
- journalists (26% received a "very high" or "high" ethics rating);
- state governors (22%);
- business executives (18%);
- lawyers (18%);
- stockbrokers (17%);
- senators (15%);
- congressmen (14%);
- insurance salesmen (13%);
- HMO managers (12%);
- advertising practitioners (11%);
- car salesmen (7%).
Poll results are based on telephone interviews with 1,009 U.S. adults, with a maximum margin of sampling error of ± 3 percentage points.