Bookkeeping and Taxes

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Bookkeeping and Taxes
Featured Article
May 5, 2022

Heard Raises $10M to Help Therapists Be Financially Independent

Andrew Riesen, Co-Founder and CEO, explains the mission behind Heard's $10M fundraise and the path forward.

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Andrew Riesen
Co-Founder and CEO of Heard

The Complete Chart of Accounts for Therapists

After working with hundreds of therapy practices, we’ve developed the complete chart of accounts for therapists.

Bryce Warnes
Content Writer

5 Differences Between Personal and Business Tax Returns for Therapists

Here are the top five differences between personal and business taxes therapists should watch out for.

Bryce Warnes
Content Writer

How to Read a Balance Sheet for Your Therapy Practice

Ever wondered what a balance sheet is and how to decode it? Here is everything you need to know.

Bryce Warnes
Content Writer

The Complete List of Tax Deductions for Therapists

Tax deductions can save your therapy practice a significant chunk of change. But if you don’t know what qualifies as a deductible expense, you’ll miss out.

Bryce Warnes
Content Writer

Is Going to Therapy Tax Deductible?

Here's what you need to know to make sure your therapy sessions qualify as tax deductions.

Bryce Warnes
Content Writer

How to Build a Budget for Your Therapy Practice

Creating a budget for your therapy practice helps you anticipate expenses so you can be sure you have enough cash flow to run your business smoothly.

Bryce Warnes
Content Writer

How Moving to a Different State Impacts Your Taxes as a Therapist

Moving your business to a new state doesn’t have a big impact on federal taxes. However, it does have an impact on state taxes.

Bryce Warnes
Content Writer

The Complete 2021 Tax Season Guide for Therapists

Follow this guide to create a tax season to-do list for your private therapy practice, wrap up a tax season free from overwhelm, and get back to what matters most: your clients. 

Bryce Warnes
Content Writer

Why Should I Use a Bookkeeper for My Private Practice?

Learn why having a bookkeeper can be beneficial to your practice as both a therapist and a business owner.

Heard Editorial Team

When Are My Taxes Due for My Private Practice?

When do you actually need to file your taxes by? Here are the most important dates to know.

Heard Editorial Team

What's the Difference Between a W9 and 1099?

If you work as a self-employed contractor, here are some forms you may want to learn more about during tax season.

Heard Editorial Team

What's the Difference Between an Accountant and Bookkeeper?

Learn the key differences between hiring a bookkeeper or an accountant to grow your practice.

Heard Editorial Team

What Does a Bookkeeper Actually Do?

Learn more about how having a dedicated bookkeeper can grow the financial health of your practice.

Heard Editorial Team

Tax Brackets for Therapists

Not only is your salary, caseload and client list changing every year, but so are the tax brackets! Learn more about annual tax brackets for the 2020-2021 tax filing year.

Heard Editorial Team

Tax Basics for S Corporation Therapists

Filing your taxes as an S corp this year? Read up on the answers to your most important questions.

Heard Editorial Team

Tax Basics for Sole Proprietors

Filing your taxes as a sole proprietor this year? Here are some things you should know as a mental health practitioner.

Heard Editorial Team

How Living and Practicing in Separate States Impacts Your Taxes as a Therapist

COVID has pushed us all into new working situations. Here's what you should know if you're currently living and practicing in separate states.

Heard Editorial Team

How To Switch From a Sole Proprietorship to an S Corporation

Thinking of switching up your business entity? Here's how to become an S corporation.

Heard Editorial Team

The Most Valuable Tax Write-Offs for Therapists

Here are some common tax write offs for therapists in private practice that can help you save on your annual tax return.

Heard Editorial Team
"I am so thankful that Heard exists! I am especially grateful for the ease of communicating with my bookkeepers who are accessible and answer questions without any additional fees."
Dr. MaryBeth Bailar
PsyD
"Heard has proved to be an invaluable resource in helping me better manage the business side of my practice. The Heard team genuinely cares about the work they do to help us therapists improve the fiscal health of our practices. "
Dr. Erin Joyce
PsyD
"Working with Heard has helped me to feel more in control of my private practice. At any given moment, I know exactly how I’m doing financially. There are no more mysteries! "
Melanie Evans
LCSW

Heard is the all-in-one accounting solution for therapists that combines software and accountants to handle:

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Please note: Heard is currently only accepting clients for 2022 tax year and beyond.

Bookkeeping
Payroll
Taxes
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