Profit First and Your Therapy Practice

Profit First and Your Therapy Practice

A financially healthy company is a result of a series of small daily financial wins, not one big moment. Profitability isn’t an event; it’s a habit.~ Mike Michalowicz, Profit First If you’re not familiar with the book “Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine” by Mike Michalowicz, then, well, the title says it all. When you boil it all down, this is a book about putting systems in place that ease off the pressure you might feel to plan for every financial “speed bump” or “pothole” that your business will…
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What’s It Like to Hire TL;DR: Accounting?

What’s It Like to Hire TL;DR: Accounting?

Why tip someone for a job I'm capable of doing myself? I can deliver food, I can drive a taxi, I can and do cut my own hair. I did, however, tip my urologist. Because I am unable to pulverize my own kidney stones.~ Dwight Schrute, “The Office” (TV Show) https://youtu.be/nyiZmb6LvXs Dwight Schrute from the TV show The Office is quite the self-sufficient character, but it could be said that he spends more time than necessary doing things that someone else could do for him. Haircuts, for example, are far easier when you just go to a hair salon and…
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3 Tax Tips for Your Private Practice

3 Tax Tips for Your Private Practice

Taxes get messy. As far as we at TL;DR Accounting are concerned, that is quite the understatement! While you’re free to roll up your sleeves and dig through the gunk of tax law yourself, chances are taxes aren’t your “thing” — after all, you opened a therapy practice, not a tax firm. Still, we’re happy to give you three quick tax tips that will help you save money and stave off some major headaches later on. https://youtu.be/bttdR8AXOzk Tip #1: Keep Track of Your Income and Expenses Have you been tracking the income and expenses of your therapy practice? We highly…
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