image courtesy of www.gotcredit.com From a practice management standpoint, this might be the single most important habit to setup: Develop on a budget. Income will be variable, and to keep money from sinking your business (or credit), you need a plan. Regardless if you practice a budget in your personal life (and I think you […]
Recently, I sat down with my new bookkeeper for 2 hours and found myself exerting my brain and focus in ways that I can only describe as excruciating. It reminded me of when I sat in Greek class in graduate school. Not only was she using terms that I wasn’t exactly sure I understood, there […]
For the self-employed, private practicians, tax day happens every quarter. Tomorrow, September 15th, is the due date for your estimated taxes to be paid. Here are a few suggestions and reminders to help you with your tax needs. Download the 1040-ES Form from the IRS. Make sure your payment is postmarked by 9/15/15 If you began […]
In the past 5-7 years the range of payment options for counselors has had a significant expansion. This is primarily linked to the smartphone and the capabilities it possesses in business functions. If you’re not accepting credit card payments, you might be missing out on potential clients. But, what to do about the fee the […]
I’m sure you’ve heard the saying, “if something can go wrong, it will.” It’s a hard mantra to live by because it requires that we live with both our present and future needs in mind. This is a topic we often address with our clients, but can so easily forget to practice them in our […]
In just a few days on January 15th, a date all of us self-employed folks dread, our Quarterly tax payment is due the IRS. What I’ve come to appreciate about these quarterly payments is that I’m not writing a check to the IRS for my entire tax liability. Instead, I’m just writing a quarter of it. It’s like the old […]
It’s pretty overwhelming to consider getting a business started from the ground floor. There are so many different issues to attend to, and generally speaking, we therapists are better with people than we are with numbers. Banking is a pretty simple concept that we are all familiar with, but I don’t see many therapists who […]
