Author: David Leichter
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5 Reasons Therapists Need a Bookkeeping Team
While the main goal behind running a therapy practice is helping clients, it involves a lot more than that. It also means managing behind-the-scenes details: money, records, taxes, and the decisions that shape your long-term stability. These can easily get complicated, but that’s okay. As a therapist, you were trained to help patients — not…
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How Therapists Save Thousands with Professional Tax Preparation
Most therapists I’ve worked with are excellent at caring for clients, but when tax season comes around, the stress is real. Taxes for a therapy practice are complex. Between quarterly taxes, business expenses, self-employment taxes, and keeping track of deductions, it often feels like you’re fighting an uphill battle. The good news is you can…
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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…