At GreenOak Accounting, we work with private practice owners every day—and one thing we see over and over is that HR is often the last  thing on your mind when you start hiring. But having good HR support isn’t just for the big companies. It’s what keeps your team happy, your practice protected, and your business moving forward. But let’s get something straight right out of the gate: HR is not accounting, and it’s not legal. As an accounting firm, we know exactly where our ex

Happy (almost) Halloween, practice owners! 🎃 The candy bowls are out, the skeletons are hanging in your neighbor’s yard, and everywhere you turn, someone’s in costume—sometimes even in your inbox. But did you know that the spookiest  tricks this season might not be coming from little goblins at your door, but from scammers looking to grab a piece of your hard-earned business profits? Nope, this isn’t a ghost story—it’s just good business sense! Today, we’re walking through s

Discover the true startup costs of growing your PT group—time vs. money debt—and how to build a profitable, sustainable physical therapy practice.

What if we told you that building a profitable practice doesn’t start with spreadsheets, EHRs, or finding the perfect office space—but with a calculator, a little visioning, and some strategic reverse engineering? No, it’s not magic. It’s just math. Too many therapists build their practices by accident. They start solo. Cash pay practice owners pick a rate based on what feels “reasonable”. Some will say yes to every expense that comes their way in the name of “you have to spe

If you’ve ever Googled “Who should do my taxes?” you’ve probably seen a whole alphabet of professional titles pop up: CPA, EA, tax preparer, accountant... It’s enough to make your head spin. While most people are familiar with CPAs (Certified Public Accountants), there’s another highly qualified—and federally licensed—accounting professional you might not know much about: the Enrolled Agent (EA) . And if your accountant is an EA? You’re in very capable hands. What Exactly Is

When I sat down to write Profit First for Therapists  nearly four years ago, I had no idea what was coming. I certainly didn’t have a crystal ball. I just knew one thing for sure: therapists needed a system. A system that put their financial well-being at the center. A system that was simple enough to start with, strong enough to sustain growth, and wise enough to weather the storms of private practice. Now, here we are— 14,000+ copies sold  and two years into publication —an

The barriers to starting a solo practice have never been lower. With a few clicks, a therapist can set up a website, join a telehealth platform, and start taking clients. But while it’s easier than ever to start a private practice, that doesn’t mean it’s a road paved with rainbows. Running a practice is hard work . Many solo practitioners find themselves working long hours for less pay than expected, barely breaking even in their first year. And let’s not forget that a practi

Owning a thriving private practice is an incredible achievement! As your hard work pays off and the practice becomes more profitable, it’s natural to want to enjoy the rewards. After all, one of the ultimate goals of running a business is to create financial freedom and stability—for your business and  yourself. But there’s a sneaky trap many successful practice owners fall into: lifestyle creep.  It can happen to anyone, and it often starts without you even realizing it. Thi

Since the pandemic, it’s been easier than ever for therapists to hang their shingle and start their own private practice. At GreenOak Accounting, we work with a lot of therapists in their first year of solo practice, and we want to clear up a few common myths about what that first year might look like.  Myth # 1: You can start a private practice on a shoestring Therapy is a relatively low-cost business to start compared to industries like restaurants or retail, but you’ll sti

Starting a private practice is an incredible journey filled with both excitement and challenges. At GreenOak Accounting, we've seen countless therapists pour their hearts into their work, only to encounter financial hurdles that they didn't anticipate. It's easy to get caught up in the passion of helping others and forget to take care of your own financial needs. But here’s the truth: prioritizing your financial stability is not selfish; it’s essential. Without a solid financ

At some point, nearly every practice owner considers the prospect of exiting their practice. Whether you're looking forward to...

A couple blog posts ago, I discussed the things that you could do to start preparing for year end.  Things like gathering all relevant...

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...

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...

On first impression, starting a group practice with a friend sounds like a fantastic idea, and a good way to split the risk and...

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...

We all know that taxes can be a bit of a headache, but fear not, because today we're here to shed some light on what happens to your...

As a practice owner, there is a constant barrage of information saying you should do one thing or another when it comes to your staff. ...

Are taxes the most popular thing going right now? No. (Never) Do you need to hear some solid tax tips? Yes, you probably do.

What is financial self-care anyway? We’ll start where we always start: good old fashioned financial records and reports. It may seem...