Therapy Practice Basics: Retirement Plans for a Sole Practice

Therapy Practice Basics: Retirement Plans for a Sole Practice

“Gosh, I’m so glad I started saving up for retirement years ago!”~ Future You, many years from now Do you ever put on a clean pair of socks, or pull a clean bowl out of the cupboard for breakfast, and silently thank “past you” for setting yourself up for success? Now think about that tiny little mood boost and imagine multiplying it by 10,000. That’s what you just might feel like after retiring, knowing that your retirement savings are so strong that they might survive the complete annihilation of Social Security. (We all know that Social Security isn’t going to…
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Impact Payments and Your Taxes

Impact Payments and Your Taxes

In early 2020, many Americans received Economic Impact Payments, also known as stimulus checks*. These checks were issued in accordance with the Coronavirus Aid Relief and Economic Security (CARES) Act as a way to cushion against the economic impacts of COVID-19. * We’re aware that these payments were electronic funds transfers for many Americans, but we’ll keep using the word check, as it is often called. Side note: Of course another check was approved and then issued in early 2021. This one had different income limitations: Single people earning up to $75,000 will receive $600 and married people earning up…
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Scaling Your Therapy Practice Series: When to Outsource Your Bookkeeping

Scaling Your Therapy Practice Series: When to Outsource Your Bookkeeping

“For everything we don’t like to do, there’s someone out there who’s really good, wants to do it, and will enjoy it.”~ Josh Kaufman Running a successful business is all about focusing on what you do best, and knowing when to hire or pay someone else do the rest. Think back to the 1980s, when corporate conglomerates were all the rage. Companies tried to be everything to everyone and, for example, the Quaker Oats company bought an Atari videogame developer in 1982. Needless to say, the oat conglomerate did not run its videogame subdivision well, and the acquired division folded…
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