Business Articles for Therapists & Other Practitioners
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The Complete Guide to Paying and Sustaining a Growing Therapy Team
The Complete Guide to Paying and Sustaining a Growing Therapy Team Running a group practice is a different job than seeing clients. The day you hire your first clinician, you stop being only a
How Much Do Private Practice Therapists Make? Pay & Splits
What to Pay Clinicians and Protect Your Owner Take-Home If you run a group practice, one question shapes almost every decision you make: how much do private practice therapists make, and how much should
Owner’s Draw vs Salary For Therapists
Owner’s Draw vs Salary: How Therapy Practice Owners Pay Themselves Most therapy practice owners pay everyone else first and themselves last. The fix starts with one decision: owners draw vs salary. How you take
Strategies to Reduce Therapist Burnout in Your Group Practice
How to Prevent Therapist Burnout in a Group Practice Therapist burnout is one of the biggest threats to a group practice. When a clinician burns out, clients feel it, the team feels it, and
How to Hire a Therapist for Your Private Practice: Do’s and Don’ts
Hiring is the hardest part of being a private practice owner, because it takes thought, planning, and practice to get right. The truth is, unless you’re lucky, you’ll run in to challenges with your
GreenOak Accounting Alternative: Wellness Fi vs. GreenOak
GreenOak Accounting Alternative: Accounting For Therapists in 2026 In this article, “GreenOak Accounting Alternative” we break down the differences between Wellness Fi and GreenOak Accounting for Therapists in 2026. We’ll review the fundamental differences
Heard Alternative for Therapists: Wellness Fi vs. Heard (2026)
Heard Alternative for Therapists: Wellness Fi vs. Heard (2026) If you’re looking for a Heard alternative for therapists, you’re likely comparing Heard, a software platform, to a specialized accounting firm like Wellness Fi. In
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,
Updated after rule changes: the Beneficial Ownership Information Report
UPDATE: BOI Reporting Requirement Rescinded (March 2025) As of March 26, 2025, FinCEN issued an interim final rule that exempts all U.S. domestic companies from the requirement to report Beneficial Ownership Information. If your
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 and partnership tax deadline in 2026
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
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
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
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The Complete Guide to Paying and Sustaining a Growing Therapy Team
How Much Do Private Practice Therapists Make? Pay & Splits
Owner’s Draw vs Salary For Therapists
The Complete Guide to Paying and Sustaining a Growing Therapy Team
How Much Do Private Practice Therapists Make? Pay & Splits
