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.
Mark Williams, DC, MBA, DACBOH
Dr. Mark S. Williams is a chiropractic physician and medical director with The Hartford Insurance Company. He received his DC degree from Logan College of Chiropractic; is board certified in occupational health and applied ergonomics; and has worked in the disability and workers' compensation insurance industry since 2000. Dr. Williams is a member of the American Chiropractic Association Council on Occupational Health; serves as chair of the advisory committee for the ACA Opioid Task Force; and is also a committee member of the Medical Issues Committee and Disability Management and Return to Work Committee of the International Association of Industrial Accident Boards and Commissions (IAIABC).