Monthly Archives: July 2024

July 28, 2024

Understanding S Corporations: Tax Benefits and Legal Protections for Therapists

S Corporation

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…

Read More

July 15, 2024

Maximizing Your Home Office Deduction: A Guide for Therapists in Private Practice

Tax Tips

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…

Read More