Looking back to plan ahead: proactive tax planning for the optometric practice owner
May 11, 2022 at 8pm ET
As a business owner, there's a wealth of information that can be gleaned from your tax return about the cash flow in your business. To plan ahead, it's often beneficial to look back at your previous year's return and look for opportunities to efficiently use the cash flow in your practice.
Reserve your spot before it's too late:
In our time together, we'll...
Review common areas on tax returns that contain errors
Sometimes "the left hand doesn't know what the right hand did" and planning strategies may not be accurately reported on your tax return.
Understand the relationship between your practice and personal tax returns
For most practice owners, net income flows through to your personal tax return. We'll uncover planning opportunities and tax savings on the personal side based on the performance of your practice
What to effectively communicate to your advisory team
You, your CFP® advisor, and your CPA should all be singing to the same key. We'll talk about the review cadence throughout the year so that each party isn't surprised come tax time.
About the speaker:
Adam Cmejla, CFP®
Adam Cmejla is a CERTIFIED FINANCIAL PLANNER(TM) and founder of Integrated Planning & Wealth Management in Carmel, IN. As a third-generation business owner and husband of a practicing optometrist, he has a unique perspective and sees the profession of optometry through a lens unlike any other planner in the country. He focuses his time and efforts on helping ODs nationwide “plan life, on purpose” by helping them proactively manage cash flow, reduce taxes, and invest prudently.