Author: David Leichter
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How Accountants Help Therapists Manage Quarterly Taxes Without Stress
Managing quarterly taxes in your therapy practice can feel like juggling too many things at once… Clinical hours, client care, business finances, and staying on top of IRS rules. For most therapists and mental health professionals, this part of running a business isn’t the most exciting, but it’s critical for avoiding penalties, protecting your cash…
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How to Avoid IRS Penalties as a Therapist
Why IRS Penalties Matter for Therapists IRS penalties can drain your finances and your focus. They’re an extra bill, and they steal time and energy you could spend on client sessions. For many mental health professionals, a penalty starts small but snowballs with interest and unpaid assessments. Avoiding them keeps your therapy practice stress‑free and…
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The Top Accounting Tools for Therapists Running Private Practices
If you’re a therapist running a private practice, you’ve probably figured out that managing your clients is the easy part. It’s everything else, especially the finances that tends to create stress. From sorting out tax deductions to tracking session payments to staying on top of cash flow, the financial side of your business can start…
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Tax Tips for Therapists Who Are Expanding Their Practice
Your private practice is growing. You’re hiring, maybe opening a second office, investing in tools and support so you can help more clients. But once your practice starts expanding, your taxes become bigger and more complicated. Whether you’re shifting from solo to group, reinvesting profits, or working across state lines, there are tax decisions that…
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How Therapists Can Avoid Audit Risks With Accurate Accounting
No one starts a therapy practice thinking about tax audits. But whether you’re working solo or running a growing group practice, your business structure and financial habits can raise red flags, especially with the IRS and insurance companies keeping a closer eye on healthcare providers. The good news? Avoiding an audit doesn’t require fancy software…
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A Therapist’s Guide to Managing Practice Debt Effectively
How to pay down loans and credit without compromising your practice’s financial health Debt has a way of creeping into private practice. Maybe it started with startup costs. Maybe a slow season pushed you to lean on credit cards. Or maybe student loans have been hanging over your head since day one. However it started,…