Private Practice Accounting Blog

Apr

Bookkeeping, Financial Statements, Therapists

What Are Monthly Reports?

Yet another asteroid hits your ship, shaking the giant machine. You and your crewmates brace yourselves against the nearest bulkhead (wall) and almost fall over. “Number One, ship status please,” you call across the room. “Hull is at 93%. We’ve evacuated hydroponics and closed the airlock. Our whole crew is safe, no injuries. We’re gonna lose some plants though. Clemens is gonna be pissed about his tomato garden.” Number One allows himself a chuckle. “As you know, seed storage is in the starboard wing so we’ll get the garden back up in no time. Shields are at 45% and rising.…

Apr

By Toni Cameron

Updates

Happy Tax Day

Hi All! It is April 15th 2021 - which is usually the tax deadline! We made it across the first finish line of this season. Even though the deadline was extended to 5/17/21, the only thing that it let us delay is starting our extension calculations until next week. At the same time we want to celebrate getting through the bulk of tax season. Our office is closed 4/16/21, and most of our staff is taking time off over the next two weeks. Once back in the office we will be focusing on non-profit tax returns which are due 5/17/21…

Therapists: Hiring Independent Contractor vs. Employee

Apr

By Toni Cameron

Employees, Private Practice, Therapists

Therapists: Hiring Independent Contractor vs. Employee

Because you chose a calling that centers around healing the emotional pain of those around you, you’re probably a helper at heart. Imagine this: Lately things have been picking up and you’ve decided to hire another therapist to take on the additional workload. You’ve found that you could use some help yourself! Well, help us help you take on a helper. Perhaps the biggest question to ask yourself before hiring a team member is: Do you want this team member to be an employee or an independent contractor (AKA a freelancer)? The decision is yours because, chances are, you’ll see…