Chiro1Source - November 2021

What Was on the Menu? Every Thanksgiving, we gather with our families and friends and pig out. Turkey, cranberry sauce, and stuffing, oh my! But did the Pilgrims actually eat all the same foods we do today? When we sit down at the Thanksgiving table, we are blessed with mashed potatoes, candied yams, green bean casserole, turkey, stuffing, and pumpkin pie. However, if we wanted to be historically accurate, we would need to change up that dinner spread a bit. THE FIRST THANKSGIVING

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YOU COULD FROM A CHI

When our team connected with Don Rasmussen, managing partner/certified tax strategist at Quartermaster Tax Management, we discovered something huge: Hundreds of chiropractors like you are making a major tax mistake that leaves thousands of dollars in credits on the table.

Historians know of a few foods on the table that Pilgrims and Wampanoags shared at Plymouth Colony in 1621. Wildfowl, corn (in grain form for porridge), and venison were sure to be served at the first Thanksgiving. Wild turkey was also a common and abundant food source but wasn’t likely the main course as it is today. A few days before the first Thanksgiving, the colony’s governor put four men in charge of hunting for birds for the feast, and they very likely returned with some turkey. However, as far as mashed potatoes are concerned, in the early 1600s, most Europeans and the Wampanoag had no idea what a potato was. They weren’t cultivated in North America until the 1700s. Likewise, cranberries were still very new to the Pilgrims, and they didn’t yet use them for food — instead, they used them to make dyes for fabrics!

Quartermaster Tax Management has specialized in helping chiropractors with their tax work since 2014. Because they’re so focused, they have a unique understanding of the profession and the tax credits connected to it. One of those is the R&D Tax Credit, an underutilized tax benefit that has been around since 1981. “[R&D Tax Credits] reward chiropractors who innovate through customized care plans or improve existing treatment through trial-and- error processes to remove uncertainty,” Don says. “Additionally, over 40 states also offer tax credits and incentives at the state level.”

For dessert, pumpkin pie was not yet a thing either. Although the Pilgrims liked pumpkins, they didn’t have the butter and wheat flour needed to make pie crust. Instead, they hollowed out the pumpkins (just like Halloween!) and filled them with milk and honey to make a custard and then roasted them. Although our Thanksgiving meals have changed over the years, it still is a fantastic time to get together and celebrate. In the spirit of evolving traditions, don’t be afraid to innovate to add your own personal traditional twist to the holiday as well!

Don has helped our team at Chiro1Source with tax planning for the last three years. When we asked him what you should do right now to prepare for next tax season, he offered three tips.

CIDER CORNUCOPIA FEAST GALES GATHERING PIES

PILGRIMS SCORPIO STUFFING THANKFUL TRADITION VETERANS

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