Monthly Archives: September 2024

Electing S Corporation status can be a smart move for therapists in private practice looking to save on taxes. By passing income directly to shareholders, an S Corporation helps avoid double taxation. However, it’s essential to navigate the risks involved carefully. Here’s what you need to know to ensure your S Corporation stays compliant and…

Believe it or not, we’re already more than halfway through 2024! As the year progresses, it’s crucial for therapists in private practice to start planning for next year’s taxes. Waiting until the last minute can lead to unwelcome surprises, but proactive tax planning helps you manage your financial situation effectively. Why Do Last-Minute Tax Surprises…