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The Hidden Danger of a Growing Practice: Lifestyle Creep
Owning a thriving private practice is an incredible achievement! As your hard work pays off and the practice becomes more profitable,...
Independent Contractor or Employee? What You Need to Know in Private Practice
Hiring is one of the most exciting (and nerve-wracking) parts of growing a private practice. It’s your chance to bring in amazing new...
The Therapist’s Guide to Tax Deductions: Maximize Your Savings in 2025!
The Therapist’s Guide to Tax Deductions: Whether you’re just getting familiar with the concept of tax deductions or looking for those hidden
What counts as a "business meal?"
You’re out to lunch with a friend who snags the bill, slips her business AmEx into the check-holder and boldly states, “It’s on the...
Why It's So Important to Ask Tough Questions About Financial Advice
A recent Washington Post article has me fired up. The article highlighted how insurance lobbyists have managed to block new rules that...
How to Transition From Employee to Solo Practitioner
Since the pandemic, it’s been easier than ever for therapists to hang their shingle and start their own private practice. At GreenOak...
Starting Your Own Therapy Practice? Here's How to Get Your Finances Right!
Starting a private practice is an incredible journey filled with both excitement and challenges. At GreenOak Accounting, we've seen...
Don't Let Your Business Happen TO You!
There are two things that a business owner MUST grasp to meaningfully participate in their business decisions
Preparing to Exit Your Practice: What You Need to Know
At some point, nearly every practice owner considers the prospect of exiting their practice. Whether you're looking forward to...
Beyond the Dream: the Realities of Writing and Self-Publishing a Book
As we celebrate the first anniversary of my book's release, I'm thrilled to take you behind the scenes of the self-publishing journey...
Tackling a financial emergency in your practice
I've heard from many practice owners that they are worried about making payroll next week . Many of our accounting clients are in a...
Financial Professionals - What you Need to Know!
As a business owner, I’m sure you’ve heard the titles of different financial professionals from the first day you opened your doors, but...
What is “reasonable” Reasonable Compensation?
If you’ve ever interacted with a toddler, or a teenager, or anyone with extreme opinions, you probably know that ‘reasonable’ isn’t a...
1099s in 90 seconds!
Need a speedy refresher on 1099s? Look no further! Quick Facts: Forms 1099 must be issued by January 31st (and filed with the IRS too!)...
So It’s Year End Already??!
A couple blog posts ago, I discussed the things that you could do to start preparing for year end. Things like gathering all relevant...
Compensation and Hiring Decisions - what you need to know
If you’ve tried to hire over the past several years, I’m sure you’re very aware of how difficult it has been to hire. Between finding...
Financial Nightmares: Avoiding a Spine Chilling Year End!
Are you horrified by the fact that it’s almost year end? Every time I schedule a new meeting for the next month, I’m stunned that I have...
Your Practice’s Financial Wellness - An Emergency Savings Plan
Over the last year, we’ve seen a return to pre-Covid dips and lulls in the therapy industry. If you started your practice after 2020...
I Want to Start a Group Practice with a Friend - What Should I Do?
On first impression, starting a group practice with a friend sounds like a fantastic idea, and a good way to split the risk and...
What are the financial risks of hiring part-time clinicians?
Should I hire part-time clinicians? While it may seem like a great idea to compile a staff full of part-time clinicians, it can be...
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