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.
Foundation for Chiropractic Progress Announces First Group Member
The Michigan Association of Chiropractors has joined the Foundation for Chiropractic Progress as its first group member. Group member status is achieved by committing to an annual contribution of $10 per "qualified stakeholder," consisting of DCs who practice full-time and pay full association dues. (Full-time DCs in their first three years of practice are included at no cost if the association offers a discounted dues rate.)
"Group Membership delivers tremendous value not only to our association as a whole, but also to our individual stakeholders, who now have access to countless benefits at no added cost," said Kristine Dowell, executive director of the MAC.