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Annual Report 2025: In Review, and a Look at 2026!
Overview Hello, ODs on Finance family, Throughout 2025, we saw continued growth across nearly every…
16 End-of-Year Financial Checklist For Optometrists in 2025
As 2023 draws to a close, it’s vital for optometrists to focus on financial planning for a stable and prosperous future. This checklist, designed for eye care professionals, will guide you through key year-end financial tasks. While not every item may apply to your practice or personal finances, reviewing each one ensures you don’t miss important opportunities or obligations.
Retirement & IRS Limits Comparison: 2025-2026
As we approach 2025, retirement contribution limits including 401(k)s, 403(b)s, SIMPLE IRAs, SEP-IRAs, HSAs, and FSAs, have been adjusted modestly due to stabilized inflation rates. While catch-up contributions for those aged 50+ remain indexed to inflation, the IRS has postponed a Secure Act 2.0 provision requiring high earners ($145,000+ in Social Security wages) to make Roth-only catch-up contributions until 2026. Notably, starting in 2025, individuals aged 60-63 can contribute the greater of $10,000 or 50% more than the standard catch-up amount, providing an opportunity to boost retirement savings during peak earning years.
The Ultimate Optometrist’s Financial Guide to ‘Big Beautiful Bill’ Tax Plan
With the newly signed 2025 tax law (an extension of the Trump Tax Cuts and Jobs Act provisions), we have a host of updates that can directly impact high-income optometrists like us. Regardless of your political leanings, these tax changes present opportunities, and a few caveats. that matter for your bottom line.In this detailed article with factual citations, I’ll break down the key provisions of H.R. 1 (119th Congress): informally called the “One Big Beautiful Bill Act” (the Trump Tax Plan extension), and explain in first-person how each can affect your finances.
The Practice Owner’s Financial Overview: A Comprehensive Percentage Breakdown Guide of COGS, Operating Expenses, & Net
KEY POINTS: (1) Cost of Goods Sold (COGS) typically ranges from 26% to 32% of…
Methods of Valuing an Optometry Private Practice: A Comprehensive Guide
Valuing an optometry private practice is essential for many purposes, whether it be the sale or purchase of a practice, partnership buy-ins, securing loans, or planning for retirement. Ultimately a practice sells for a price that both the buyer and seller deem to be equally fair. However, there needs to be a starting point. Determining a fair value requires a detailed understanding of the business’s financials, market conditions, and intangible assets. Here, we explore several commonly used methods for valuing an optometry private practice, each with its unique considerations.
Optometrist 📊 Income Report 2025 | Largest Sample Size 2,203+ ODs
We’re thrilled to share our largest Optometry Income & Salary Survey yet-2,203 doctors provided insights…
Annual Report 2024: In Review, and a Look at 2025!
Overview Dear ODoF Community! Can you believe it’s already one month into 2025? First, we…