Financial Advisory

Financial tips for therapists

Financial Tips for Therapists: 7 Smart Strategies to Build a Profitable Private Practice

Financial Advisory, Private Practice, Psychologists, Therapists / By

As a therapist or psychologist, you dedicate your time to helping others. However, managing your own financial health is just as important. Many wellness professionals graduate without ever learning how to handle business finances, taxes, or cash flow. At WellnessFi, we specialize in helping therapists across the U.S. strengthen their financial foundation. These financial tips […]

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Private Practice Accounting for Therapists

Private Practice Accounting for Therapists: 5 Reasons You Need a Specialist

Financial Advisory, Private Practice, Psychologists, Therapists / By

Running a successful therapy practice requires more than excellent clinical care. It also requires a clear handle on your business finances. Private practice accounting for therapists involves unique challenges that general accountants may not fully understand. At WellnessFi, we partner exclusively with therapists and psychologists across the U.S., helping them simplify taxes, stay compliant, and

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Home office deductions: Accountable Plans

Compliance, Financial Advisory, Private Practice, Taxes / By

Accountable plans help businesses to optimize their tax footprint, especially for home office deductions. What is an accountable plan? It allows for the reimbursement of legitimate business expenses incurred with personal funds. Think home office setups, mobile phone bills, and even mileage. The key factor? Reimbursements are tax-free for the employee and deductible for the company. 

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Therapist Advertising

How Much Should I Spend On Marketing Or Advertising for My Therapy Practice & Non Spend Ideas

Leave a Comment / FAQ, Financial Advisory, Private Practice / By

  If you’re a therapist running a your own practice, you may be wondering how much you should be spending on marketing or advertising; if at all. For some, marketing is essential to the continuity and growth of their business, especially group practices. For others, they just need to ensure they maintain a small waitlist

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