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.
Jill Snell, DC, CKTI
Dr. Jill Snell, who also contributed to this article, is a member of the College of Chiropractors of British Columbia and works within a multidisciplinary clinic in Fernie, British Columbia. A 1997 graduate of New York Chiropractic College, she became a certified Kinesio taping instructor in 2008. Since then, she has instructed on taping protocols throughout the U.K. and Ireland at numerous locations, including the Olympic Medical Institute (OMI), the University of Bath and the Fulham Football Club.