Your First Year In Private Practice: How To Keep Your Taxes and Accounting Simple
- Are you scared you don’t know what you need to for the financial side of your business?
- Is managing self-employment taxes overwhelming?
- Do you need to learn how to calculate your quarterly taxes to avoid IRS penalties and fees?
- Do you feel like you just don't know if you are doing your accounting or taxes correctly?
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 what was tax-deductible. She needed help, so she came to me to ask these questions, and then started recommending me to her fellow therapists and friends.
Let’s talk about Janet:
Each month Janet works through the cheatsheet, updating her income and expenses, then transferring a specific amount of money to her savings account to cover: taxes, retirement and savings. She can see how much money she is making, 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, along with saving for retirement and take a 2 week vacation.
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 how to run your practice so that you can focus on your clients. This course was set up to be easy to follow and apply to your own practice—even if you find numbers overwhelming!
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! - Parisa
TL;DR: Accounting for Your Practice teaches you how to:
- Keep and maintain records
- Reach your target salary
- Plan for your Federal, State and Local Taxes
- Save for retirement
- Understand your numbers
Included in the course are 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.
The full TL;DR: Accounting for Your Practice course includes all of the above for only $195.
How do I know if this is the right course for me?
- Are you planning on starting your practice in the next 3 months?
- Did you start your practice within the last 12 months?
- Do you worry about the business side of your practice?
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.