Monthly Archives: July 2024
July 28, 2024
Understanding S Corporations: Tax Benefits and Legal Protections for Therapists
Are you a therapist in private practice looking to enhance your financial acumen and protect your personal assets? An S Corporation (S Corp) could be an ideal choice for your business structure. This guide will educate you on the essentials of S Corporations, including how they work, their requirements, and the benefits and drawbacks to…
July 15, 2024
Maximizing Your Home Office Deduction: A Guide for Therapists in Private Practice
As a therapist running a private practice from your home, understanding how to maximize your home office deduction is vital for reducing your tax liability. Whether you work exclusively from home, have another office, or are a W-2 employee working remotely, knowing the IRS rules and properly tracking expenses is key. This guide will help…