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.
Mickey Scheinowitz, PhD
Professor Mickey Scheinowitz is the chief scientific officer of Aerotel USA, Inc., and chairman of the Department of Biomedical Engineering and director of the BioMedical Technology Innovation Program at Tel-Aviv University, Israel. He spent two years as a post-doctoral fellow at the National Institutes of Health and two years at the Washington Hospital Center in Washington, D.C., during a sabbatical from the university.