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 Sinel, MD
Dr. Michael Sinel graduated from State University New York at Downstate Medical Center (MD degree); completed his residency at Cornell University Medical Center & Memorial Sloan Kettering in New York; and served as director of outpatient physical medicine at Cedars Sinai Medical Center. As an assistant clinical professor at the UCLA School of Medicine, he was also privileged to work closely with chiropractors, and owned several medical / chiropractic integrative clinics. The owner of Physician Therapeutics (https://www.medicalfoods.com), Dr. Sinel is passionate about reducing the side effects of pharmaceuticals by bringing safe, scientifically proven encapsulated medical foods as natural alternatives for pain, sleep, obesity, neuropathy, fatigue and cognitive decline.