When Should Your Therapy Practice Become an S Corporation?

When Should Your Therapy Practice Become an S Corporation?

You’re around the table at dinner sharing a drink with your friends (beer, wine, non-alcoholic — we don’t judge). Your friend says, “You know, ever since I elected my PLLC to be treated as an S Corporation, I’ve just been flabbergasted at the tax savings. Sure, there’s some added complexity and I have to shell out payroll taxes now, but it’s worth it. Trust me!” Your other friend chimes in, “Yes, but first you have to make sure that it’s worth your while. At lower amounts of gross income, the tax benefits just don’t pan out and you end up…
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Tracking Time: Excel vs. TSheets 

Tracking Time: Excel vs. TSheets 

https://youtu.be/F_G6iahgyL0 Time keeps on tracking, tracking, tracking…How do you track your time? You may have noticed by now that Excel is compared to all sorts of different programs: TSheets in this article, and Quickbooks in (When Excel is not Enough). You can use Excel to make informative charts and graphs, do your math homework, and create works of art. There are even people who are crazy/smart enough to make video games entirely in Excel! We at TL;DR Accounting love Excel. It is simply unparalleled when it comes to spreadsheet software (although Google Sheets takes the cake for collaborative spreadsheet software).…
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Like a Boss, Part II: How to Hire Employees

Like a Boss, Part II: How to Hire Employees

https://youtu.be/zGuhWA8DEW0 So you’ve read Like a Boss, Part I. After considering our guidance and adding a dash of soul-searching, you’ve decided it’s time to hire one or more employees. Great! Now how do you do it? Lay the Groundwork Sure, you could just go ahead and hire someone, but it’d be much better to have a hiring system in place. Have you ever hired onto a company who didn’t seem to know what they were doing as far as onboarding? You don’t want to be that company, do you? Let’s talk about the kinds of systems you want in place,…
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