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TL;DR Accounting Blog

How to Manage Your Money in Private Practice

How to Manage Your Money in Private Practice

  Your therapy practice is in the business of healing people. That’s awesome, and the world needs more people just like you. Keep doing what you’re doing. That said, your finances need the same degree of care that you show your clients. Do you have an accountant, advisor, or bookkeeper to help keep track of all of this, or do you do it yourself? Developing an understanding about your finances can help you manage your own money, whether you handle it yourself or outsource that task to a professional.     Set Up a System As a therapist, you’re probably…
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Health Coverage Options and Requirements for Small Business Employers

Health Coverage Options and Requirements for Small Business Employers

“If you haven’t got your health, you haven’t got anything.” - Count Rugen Even Count Rugen (Inigo Montoya’s nemesis from The Princess Bride) knows that health is of the utmost importance, but it seems like health insurance gets more and more complicated every year. Who has the time to figure all of this stuff out? Though we at TL;DR: Accounting are not health insurance advisors, we can give you some basic information that will help you prepare for a conversation with a health insurance advisor or broker. Before we get started, please note that this article is meant for businesses…
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Gusto vs. QBO Payroll: Which Is the Payroll Service for You?

https://youtu.be/hATj1h2vo2w So you’ve hired some employees (or you’ve had employees for a while) and you’re considering getting some kind of payroll software. Let us stop you right there: definitely get some kind of payroll software. Trying to do payroll manually is simply not cost-effective at all, especially since there are now many great options that automate so much tedious calculation. …but if you take our advice and decide to get some payroll software, which package should you choose? For the purposes of this article, we’re going to cover two of the most popular payroll services out there: QuickBooks Online Payroll…
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