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.
H. Gordon Ainsleigh, DC, CCN
Dr. H. Gordon Ainsleigh, a 1983 graduate of Western States University, is an active trail runner, rock climber and bicyclist at age 73 who lives with his wife, Paula, a fitness professional, in the Sierra foothills community of Meadow Vista in Northern California. In his semi-retirement, he has two careers: chiropractic health care and tree work (shaping and removal, fire-safe clearing, firewood). He authored the first literature review study on the cancer-preventing effects of sun exposure published in a peer-reviewed medical journal (PMID: 8475009).