The March 15th S-Corp election deadline is fast approaching, and for therapists operating private practices, this is a crucial opportunity to save thousands of dollars in taxes this year. Electing S-Corp status can reduce self-employment taxes, maximize your take-home pay, and offer long-term financial flexibility for your practice. However, missing the deadline means waiting another…
Starting your own therapy practice is an exciting venture, full of potential to make a difference in the lives of others. But before you can begin working with clients, there are important decisions to make regarding your practice’s legal and financial setup. One of the most crucial choices you’ll face is selecting the best business…
As a therapist, your primary focus is on helping your clients overcome challenges and lead better lives. But running a private practice means you also need to pay attention to the financial side of your business. Bookkeeping is an essential part of managing a successful therapy practice, but it can be time-consuming and often feels…