Top 3 Tax Saving Adjustments Chiropractors Need to Make For 2017

Top 3 Tax Saving Adjustments Chiropractors Need to Make For 2017

As you know the term “subluxation” is used by doctors of chiropractic to depict the altered position of the vertebra and subsequent functional loss which determines the location for Chiropractors to perform a spinal adjustment.

When a person has a subluxation of the spine it has caused functional loss and pain. For most Chiropractors when it comes to the subject of taxes we look at tax subluxations as the lack of effective tax planning. This, in turn, creates financial loss and pain with an unnecessary overpayment of taxes.

  • Are you satisfied with the taxes you pay?
  • Are you confident you are taking advantage of every available break?
  • Is your tax advisor giving you proactive advice to save on taxes?

If you are like most Chiropractors, and most small business owners, your answers are “no,” “no,” and “huh?”

And if that’s the case, I’ve got bad news, and I’ve got good news.

Talk About "Prime" Real Estate!

Former President Jimmy Carter once called our tax code "a disgrace to the human race," and there's really not a lot to like about it. There's at least some consolation, though, in the fact that we're all stuck with the same maddening rules. If you and your spouse file jointly, and your ordinary taxable income is $100,000, you'll pay the same amount as any other joint filers reporting the same $100,000 in ordinary taxable income.

And that brings us to this week's story . . .

3 Investing Errors that Can Crush Your Retirement Savings

If you're consistently saving a double-digit percentage of your income for retirement, then congratulations. You've taken a huge step toward ensuring that you'll have a comfortable retirement. However, it's only the first step; the next is to grow your money so it will be enough to support you when you're no longer working. If you're making any of these common errors, then you may come up short despite your diligent saving. Please know that these are only generally examples of some common potential errors and these examples do not apply to everyone.

Tax Strategies for Trick or Treats

Halloween is almost here, and if it seems like things have changed since you were a kid, you're right! Halloween has become big business, with the National Retail Federation predicting Americans will spend $9.1 billion on the festivities. That includes $3.4 billion on costumes, with top choices being superheroes, animals, princesses, witches, vampires, and zombies. And, "pets will not be left behind, with 10 percent of consumers dressing their pet as a pumpkin." (If you've got a dachshund, of course, you have to dress it up as a hot dog. Rule of law.)

Naturally, when the trick-or-treaters at the IRS hear the word "billions," they reach out for a "fun sized" treat, too. (Why do they call those dinky little candy bars "fun sized," anyway? What's fun about a bite-sized Snickers or Milky Way when you can score a full-size bar in the rich kids' neighborhoods?) Let's take a quick look at how the IRS taxes our favorite Halloween dopplegangers:

Fiduciary Rule Offers Enhanced Standard of Care for Consumers

Until now, most conversations about the Department of Labor’s fiduciary rule have centered on how it will affect those who work in the financial services industry. Now that it’s being implemented (initial implementation kicked off on June 9, 2017), some of that focus should finally turn to its impact on consumers.

DOES YOUR MONEY NEED A PASSPORT?

DOES YOUR MONEY NEED A PASSPORT?

Economic inequality is a hot topic in today’s world. Researchers here and abroad consistently show the top 1% of earners gobbling a disproportionate share of gains throughout the world. This trend has more and more thinkers debating what to do about it. Do we redistribute the pie, so that everyone has a more equal share? Or do we grow it so that everyone can have a bigger slice?