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.
Brian Grieves, DC, MPH
Dr. Brian Grieves maintains a private practice in Shawano, Wisc., where he focuses on evidence-based management of spinal pain. He is an ACA member as well as a faculty member of the Institute for Evidence-Based Chiropractic, and has written previously about public- health approaches to back pain (JACA) and the cost of chiropractic versus medical care for back pain (JMPT).