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The Complete Guide to Bookkeeping for Therapists: Smart Steps to Manage Your Private Practice Finances
Bookkeeping for therapists isn’t just about tracking numbers. It’s about building clarity, confidence, and growth in your private practice. For psychologists and therapists, keeping your finances organized is the foundation for stress-free tax seasons
Financial Tips for Therapists: 7 Smart Strategies to Build a Profitable Private Practice
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,
Private Practice Accounting for Therapists: 5 Reasons You Need a Specialist
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
Bookkeeping Software for Therapists: Tools Every Private Practice Needs in 2026
Managing finances as a therapist can feel overwhelming, especially when you’re balancing client sessions, billing, and taxes. The right bookkeeping software for therapists can automate most of these financial tasks, giving you more time
Therapy Practice Names: How to Name Your Private Practice
Four steps There are three basic steps to naming your therapy practice. It’s ok to go through this process more than once — even the registration part! Create Check who you are Check who
Private Practice Names: Therapy practice name ideas by focus area
Once you’ve done the work to identify what makes you and your customers unique (see here for the how-to), the lists below might help get your creative juices moving a bit more. These private
When Your Tax Return Needs a Wet Signature
Some tax situations require an original “wet” signature instead of electronic filing. This typically occurs when: Why You Must Sign It Yourself The IRS requires your personal signature on these documents. As your tax
Extension time: What to do on the March 15 S-corp tax deadline
What You Need to Know If you own an S Corporation (S-Corp), the annual federal tax filing deadline is March 15. S-Corps don’t pay federal income taxes directly. Instead, profits and losses pass through
Extension time: Your Apr 15 responsibilities
Extension time: Your Apr 15 responsibilities as a taxpayer Many of our customers file their taxes by Apr 15. Many file an extension and finish their taxes by the extended deadline on Oct 15,
Income statements and balance sheets for your business: Understand them in 8 minutes
We love helping you save on your business taxes. Having these two statements gets us both off on the right foot when preparing those taxes accurately and efficiently. 1. Recommendation: Use QuickBooks QuickBooks is
Wave App’s stance on PHI and HIPAA compliance – Protecting client data and running your practice smoothly
When it comes to accounting software, we’ve long recommended Wave for its simplicity, speed, and excellent value. For many business owners with straightforward needs, Wave offers features that rival or exceed QuickBooks at a
New Requirement for Small Businesses: the Beneficial Ownership Information Report
Starting January 1, 2024, most small businesses will have to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network. What is the BOI report? It is a report that
Public Information Reports in Texas: Beyond Franchise Tax Reports
Texas businesses have long been familiar with the annual requirement of filing franchise tax reports. However, recent changes in regulations have eliminated this obligation for many businesses. Despite this, one crucial document that continues
Home office deductions: Accountable Plans
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
Streamlining Finances: Bookkeeper-Friendly Banks for Your Practice
A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient. If you’re like I was for many years, you may be using
Ever considered selling your Private Practice?
There are several reasons why someone may choose to sell their private practice business, including: Retirement: If a practitioner is nearing retirement age or looking to transition into a new phase of their life,
Therapists! When you’re doing things right, but the money is tight.
You’ve done all the right things! Applied and accepted to grad school: Check Graduated with an advanced degree: Check Knocked out all your requirements for licensure: Check Started a private practice: Check Actually found
How to Start a Private Practice in Counseling: 2023 Checklist
Takeaway: Starting a private therapy practice can be empowering–and also completely overwhelming. If you’re not sure where to start, our checklist can walk you through the entire process of how to start private practice
Therapy Office Decor Ideas in 2023
Takeaway: As a therapist, you want your office space to reflect your personal and professional style, all while making your clients feel comfortable. In this post, we share our top therapist office decorating ideas
11 Best Self Employed Therapist Tax Deductions in 2023
Takeaway: Figuring out your taxes and finances can be overwhelming, especially when you have your own business. In this post, we share some insider tips that can help you make sure you’re getting all
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The Complete Guide to Bookkeeping for Therapists: Smart Steps to Manage Your Private Practice Finances
Financial Tips for Therapists: 7 Smart Strategies to Build a Profitable Private Practice
Private Practice Accounting for Therapists: 5 Reasons You Need a Specialist
The Complete Guide to Bookkeeping for Therapists: Smart Steps to Manage Your Private Practice Finances
Financial Tips for Therapists: 7 Smart Strategies to Build a Profitable Private Practice
