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.
Michael J. Schroeder, Esq.
Michael Schroeder, Esq., has represented the chiropractic profession for more than 40 years. He is the president of the National Association of Chiropractic Attorneys, general counsel for the National Chiropractic Council, and has represented the California Chiropractic Association, the California Board of Chiropractic Examiners, and numerous other chiropractic entities.