How to Fill Out a W-4: 4 Simple Steps
One of the most common tax questions I get is, “How do I fill out a W-4?” In typical IRS […]
Tax Projections: Why December 31st Matters More Than April 15th
For many private practice owners, April 15th looms large as the be-all, end-all of tax season. However, there’s an often-overlooked […]
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.” […]
Retirement Planning for Therapists in Private Practice
Choosing the right retirement plan is a decision that confuses and intimidates many therapists in private practice. With complex tax […]
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 Therapists Can Avoid Tax Surprises
Tax Surprises: A Therapist’s Worst Nightmare Taxes and surprises don’t mix. For busy therapists juggling client care and practice management, […]
Tax Refunds for Therapists: Should You Let the IRS Keep It or Take the Cash?
The Big Question: Take the Refund or Let the IRS Keep It? When therapists receive a tax refund, the natural […]
Tax Deductions for Mental Health Therapists: What Can You Write Off?
The Big Question: What Can I Write Off? If you’re a private practice owner, one of the first questions you […]
A Guide to Charitable Donations
Understanding Charitable Donations Charitable giving comes in many forms: donating money, decluttering with item donations, or volunteering your time to […]
Understanding Tax Brackets: A Private Practice Owner’s Guide to Progressive Taxation
The Truth About Moving Up Tax Brackets Ever heard someone say, “I don’t want to earn more because it might […]