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.
Growing List of FCP Supporters
Vendor support of the Foundation for Chiropractic Progress (FCP) seems to be on a perpetual upswing these days, with Drucker Labs, Future Health Software and ChiroHealthUSA the latest to pledge financial support to the foundation's ongoing positive press campaign. Drucker Labs recently pledged $12,000 to the FCP campaign, Future Health pledged $10,000 and ChiroHealthUSA pledged $6,000.
It was only last month (March 12 issue) that we reported on the financial commitments made by four other vendors: Erchonia Medical, ScripHessco, Chiro One Wellness Centers, and Tempur-Pedic International, who pledged a total of $76,000 to the foundation.