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.
William L. Inman, BS, DVM, CVCP
Dr. William Inman graduated from Washington State University and opened his own clinical veterinary practice. He has personally adjusted more than 75,000 clinical cases and trained 7,400 doctors worldwide. He is the president/CEO of the IAVCP and the AAAA, and the originator of veterinary orthopedic manipulation (VOM). He can be reached at drbill@vomtech.com.