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.
LeRoy Perry Jr., DC
Dr. LeRoy Perry Jr., president and founder of the West Los Angeles-based International Sportscience Institute (ISI), was the first chiropractor to serve as an official Olympic team doctor. He co-founded (with NBA Hall of Famer, the late Wilt Chamberlain) the Foundation for Athletic Research and Education, an organization that teaches athletes how to enhance performance through proper diet, exercise and biomechanics; and chairs the Sports Science and Medical Advisory Board for America's Schools Program, a national recycling initiative that raises money for education (K-12 grade).