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.
John Maher, DC, DCBCN, BCIM
Dr. John Maher was the 1978 valedictorian of Cleveland Chiropractic College �¯�¿�½ Los Angeles and practiced in San Diego for 25 years. He co-founded and served as vice president of research and education for Doctors for Nutrition, and co-founded and served as director of education and research for BioPharma Scientific.He currently holds the position of director of education and research for Nutragen, Inc.; and can be contacted with questions or comments about this article at drjmaher@nutragen.com.