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.
Bonnie S. Hillsberg, DC, MHA, MEd
Dr. Bonnie Hillsberg practices in the District of Columbia and is an active member of the Chiropractic Health Care section of the APHA. In addition to her DC degree, she holds a master's in health care administration from Washington University School of Medicine (St. Louis, Mo.) and a master's in education from Boston College. Dr. Hillsberg is a senior manager at Kauffman & Associates, a company that specializes in public health, education and economic development issues, and serves on the board of the Association of Clinicians for the Underserved.