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.
Gary Globe, PhD, MBA, DC
Dr. Gary Globe received his DC in 1981, MBA in 1994 and PhD from the USC Keck School of Medicine in 2004. He practiced chiropractic for 15 years, followed by a decade in various academic roles. Dr. Globe currently is an outcomes researcher at Amgen, Inc.