Chiropractical Episode 6: Section 179 Creates a Win + Win Even During a Stressful Year
In Episode 6 of Chiropractical, we talk about a lesser known tax deduction called Section 179 that could help you save money while improving your practice.
Posted in Money & Credit on Tuesday, November 17, 2020
Let's Talk Section 179
On this episode of Chiropractical, we're joined by Becky Fluegge from NCMIC who will share information about a lesser known tax deduction called Section 179 that could help you save money while improving your practice.
Mike Whitmer and Jim Bembenek will tackle two questions submitted for our Ask NCMIC Segment :
- Especially in this time of COVID-19, can we do contactless payments or is a signature still required on a receipt?
- When a doctor moves their practice from one state to another, what needs to happen with their malpractice coverage?
And that will be followed by a very special conversation with Dr. Gerry Clum who needs our help.
Dr. Gerry Clum
Past-president of Life Chiropractic College West. In March 2011 Dr. Clum accepted a faculty appoint at Life University in Atlanta, Georgia. At that time, he was named the Director of The Octagon at Life University as well as the President’s Liaison for External Affairs. Subsequently, he was appointed Director of the Center for Compassion, Integrity and Secular Ethics also at Life University. Active in the Chiropractic profession for more than 45 years. He was a founder, member and officer of the Association of Chiropractic Colleges (ACC), a board member and officer of the Council on Chiropractic Education (CCE) and he has served as a test committee member and consultant to the National Board of Chiropractic Examiners (NBCE). www.gerryclum.com
The Director of Product Development is responsible for leading the organization in research for new products, product enhancements and product redesign. Evaluates the potential and practicality of products in development and relies on extensive experience and judgment to plan and accomplish objectives.
Vice President and Credit Manager at NCMIC.
Rebecca is a credit card specialist at NCMIC. She has a Masters in Sports Management and is on the board of Opportunity on Deck.
Chick is Sr. Vice President of Enterprise Organizational Development. Chick has nearly 30 years of experience as an executive business leader, independent consultant, speaker and executive coach. He is the co-author of “It Begs the Question – Learn How the Best Managers Drive Performance Through Question-Centric Coaching.” Chick is a past board chair for Special Olympics Iowa and was recognized as the 2013 statewide volunteer of the year. He recently accepted a leadership role with Iowa Women Lead Change. Chick and his wife have three adult sons.
Melissa is Sr. Vice President – Insurance Operations. She’s been with NCMIC since January 2004. As an active part of the Greater Des Moines community, Melisa volunteers with Big Brothers Big Sisters, Habitat for Humanity, United Way’s Grad Walk, and Meals from the Heartland, as well as serving on the Board of Trustees for EveryStep. She is the founder of Give Grace Give Hope, Inc., a nonprofit dedicated to addressing period poverty in Central Iowa by providing menstrual products to local schools and nonprofits. Melissa and her husband have three daughters.
Mike Whitmer, Vice President of NCMIC's Chiropractic Insurance Programs, has more than 25 years' experience in the business world to share with D.C.s who are starting their chiropractic careers. By day, Mike leads the corporate relations team at NCMIC Group, Inc., teaching at chiropractic colleges about business practices and risk management, and attending trade shows and homecoming events. Mike is also the cofounder of a property management company and a restoration firm that have provided his "real world" experience on writing business plans and dealing with small business finance and operations. He is the board president of Children’s Cancer Connection, and on the board and executive committee of the National MS Society, Upper Midwest Chapter.