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.
Mathew DiMond, DC, DACRB
Dr. Mathew DiMond, a 2010 graduate of New York Chiropractic College, is assistant professor of clinical services at the University of Bridgeport College of Chiropractic and an adjunct instructor at NYCC. He also oversees student and community patient care at UB Clinics as a chiropractic physician and exercise & rehabilitation specialist; and serves as a chiropractic consultant at Allied Spine & Sport Chiropractic in Syracuse, N.Y.