There are Riches in the Niches – The Benefits of Specializing Your Therapy Practice
When first launching a private practice, it’s common to want to appeal to as many clients as possible—after all, it […]
The 3 CPA Relationship Styles: Finding Your Perfect Match for Financial Peace of Mind
Introduction Even the best CPAs and the most dedicated practice owners don’t always mesh well—and it’s not about skill or […]
The 5 Hidden Risks of Commingling Business & Personal Finances
What Is Commingling? Commingling is when business and personal expenses are mixed together. If someone looked at your business bank […]
How to Build a Financial Advisory Dream Team for Your Private Practice
Imagine avoiding a $50,000 mistake because someone in your network spotted the red flag before you signed on the dotted […]
The Perfect Bank Account Setup for Therapists: Simple System for Tax Savings & Financial Clarity
As a therapist running your own practice, managing finances shouldn’t add to your stress. The right bank account structure is […]
How Much Money Do You Really Need to Start a Private Practice?
So how much money do you really need to start your own practice? Answer: $10,432. Just kidding, you didn’t think […]
Estimated Taxes: The Ultimate Guide to Saving for and Paying Estimates
Are you confused and stressed about quarterly estimated tax payments? Believe me, you’re not alone. Private practice owners waste hours […]
How to Pay Yourself in Private Practice
Key Takeaways: S-Corp owners must pay themselves a “reasonable salary” to comply with IRS requirements Distributions allow S-Corp owners to […]
“Can I Put My Kids on Payroll?”
I’ve answered this question from more practice owners than I care to remember. The answer, as always, is “it depends.” […]
S-Corp vs LLC vs Sole-Proprietorship: The Complete Guide to Choosing the Correct Entity Type for your Private Practice
There’s one business decision – that you typically only make once – which can have a huge impact on how […]
How Creative Therapists Thrive in Private Practice Management
How “Right-Brained” Therapists Can Thrive in a “Left-Brained” Business World As a therapist, your strengths—empathy, creativity, and intuition—are at the […]