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.
Paul E. Dougherty, DC, DABCO
Dr. Paul Dougherty, primary author for this month's "Chiropractic in the APHA" column, chairs the Chiropractic Health Care section of the APHA. Contributing to this article is Toby King, executive director of the U.S. Bone and Joint Decade.