Accounting for Your First Year in Private Practice

This course will take you through accounting and tax topics for your first year in Private Practice.

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How To Keep Your Taxes and Accounting Simple

Your First Year In Private Practice

It all started with a single therapist who came to me and started asking all sorts of questions about bookkeeping and taxes. She wanted to start her own practice, but grad school didn’t cover the part about actually running her business: things like keeping track of expenses, how to do her taxes, and identifying tax deductions. She needed help, so she came to me to ask these questions, and then started recommending me to her fellow therapists and friends.

Are you Janet?

Let’s talk about Janet!

Many therapists who run their own practices share similar financial situations, goals, and plans. Janet is one such therapist who took the reins of her practice’s finances to more easily achieve her goals in a consistent manner and defined timeframe.

Each month Janet works down through the Cheatsheet, updating her income and expenses. She then transfers a specific amount of money to her savings account to cover taxes, save for retirement, and build her savings. She can see how much money she is earning and can compare that to her goal for the year. Based on the data in front of her, she can see she is on track to hit her salary goal for the year, even as she saves for retirement. And thanks to Janet’s careful planning, she can even take a two-week vacation without affecting her finances.

Parisa E. - Saves me lots of time!

We Gave Parisa the Tools Needed to Manage Her Business Independently

“I knew I needed accounting, tax, and bookkeeping skills in starting my private practice, and TLDR’s focus on therapists convinced me this was the right product for me. The videos, Q&A, cheat sheet, and Excel sheets were so helpful. Toni breaks things down in a way that is stress-free and saves me lots of time. Now I have the tools I need to successfully manage my business independently.
Thanks Toni!”

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What is the TL;DR: Accounting for Your Practice Course?

The TL;DR: Accounting for Your Practice course was developed to give new practices a solid foundation to begin managing their finances. This course provides enough information to stop worrying about your money so that you can focus on your clients. TL;DR: Accounting for Your Practice was setup to be easy to follow and apply to your own practice—even if you find numbers overwhelming!

TL;DR: Accounting for Your Practice teaches you how to:

You also get bonus resources such as an Excel Income and Expense Tracking Sheet, Ways to Estimate your Taxes and Retirement, and Checklists for your Month, Quarter, and Year. Plus our Cheatsheet of must-get-done tasks!

Course curriculum

  • Practice Finances – Download
  • Quick Start Guide for Course
  • One Page Cheat Sheet
  • Practice Finances Video
  • Average Session Fee
  • Target Salary
  • TL;DR: Bookkeeping – What I should be keeping track of?
  • TL;DR: Saving for Retirement
  • TL;DR: Who do I need to file a 1099-Misc for?
  • Income Statement – Practice Finances
  • Understanding your Numbers
  • Personal vs Business Expenses
  • Federal Estimated Taxes
  • TL;DR: State & Local Taxes
  • Questions & Answers!
  • Additional Resources
  • Before you go…
  • TL;DR: Steps to create your PLLC
  • Home Sweet Home – The Home Office Deduction & Your Practice
  • Managing your Money Webinar – Replay
  • EBook: TL;DR: First Year in Practice
  • How do I know if this is the right course for me?

    If you answered yes, then this course will help you build a solid financial foundation.

    TL;DR: Accounting for Your Practice gives you the knowledge and expertise to stop worrying about if you are doing your books right so you can focus on what you do best: serving and providing for your clients.

    How To Keep Your Taxes and Accounting Simple


    When you join my free video training on how you can create a profitable online course, you’ll also get exclusive access to a special bonus checklist and workbook on how to manage finances in your first year.


    We cover what you should be keeping track of for your income and expenses. In addition, we cover how to calculate your federal estimated taxes. We walk you through filing your State & Local tax filings for Washington.

    Each lesson is broken down into bite-sized pieces. We include a cheat sheet and if all you can handle is to do the cheat sheet items you are already ahead of the game.

    We have a discussion section where you can ask any additional questions you might have.

    TL;DR: Accounting offers a wide range of accounting and tax services for Therapy Practices. Check our our pricing here.

    • A one-time payment of $295.


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