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.
Standard Process President Awarded Honorary Fellowship in ICC
Frank J. Nicchi, DC, FICC (president of New York Chiropractic College), presented Standard Process President Charles DuBois with an honorary fellowship in the International College of Chiropractors (ICC) at the Standard Process reception, held during the Florida Chiropractic Association's national conference in Orlando, Fla. ICC President Kenneth W. Padgett, DC, FICC, and the ICC Secretary, Richard Brassard, DC, FICC (president of Texas Chiropractic College), were also in attendance.
The ICC fellowship is an "Order of Merit, Service and Fellowship" incorporated in 1938 to promote the philosophy, science and art of chiropractic and the teaching and the study of chiropractic. The ICC bestows its fellow designation to individuals whose contributions significantly impact the science of chiropractic, and who render valuable and meritorious service to the profession. Charles DuBois, through Standard Process, has long supported chiropractic education – contributing financial support to educational institutions and over $69,000 in scholarships in 2011 to chiropractic students.
Source: New York Chiropractic College