Tax prep

tailored

for

therapists

Save thousands of dollars on your personal and business income taxes.

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Save time and money on your taxes

Quarterly taxes

Every quarter, we calculate your estimated payments and remind you when to pay so you never miss a deadline.

Annual taxes

Our team of third-party tax preparers files your business and personal annual tax returns, both federal and state.

Maximize deductions

Because we do your bookkeeping, we’re able to track your deductible expenses and make sure they’re claimed on your tax returns.

Decide how much to pay yourself

How much you pay yourself can have a big impact on your overall tax burden. We’ll calculate the most tax-efficient amount following IRS guidance.
transparent blocks with pricing figures: retirement: $558.56, expenses: $1,675.13, tax savings: $3,351.95. large transparent block with icon of hand holding coin and the text, owners draw: $3,910.60
white block titled 'profit & loss', with progress bars for income and expenses. income is around 90% full and expenses is 20% full

Never miss a tax write off

We track all of your business expenses and make sure they’re claimed on your tax returns so you never miss a write off.

Pay quarterly taxes on time

We’ll project your income and expenses, review taxes you’ve paid, and let you know how much to pay to the IRS and your state each quarter.
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Review your tax returns together

Our team of third-party tax preparers will prepare your annual tax returns for you and answer any questions you have. You'll have the opportunity to request changes.

Annual taxes filed
for you

Once you've approved the returns, we'll file them for you and you'll make any outstanding tax payments.
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No hunting for receipts

You can upload your receipts directly into Heard so you don't have to go hunting for them come tax season.

Year-round tax services

We support your business throughout the year, not just once a year to file your tax return.

Fast online support

You can message our support team through Conversations in your Heard account and we'll get back to you in 1-2 business days.

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Heard has helped me figure out what my tax bill is going to be, how much to charge, how many hours I want to work, and even how much to budget for vacation.

Megan Kelly
LMHC

Which plan is right for me?

Here are some definitions to help you determine which plan is right for you.
Your practice is a Sole Proprietorship or Single Member LLC
If you start seeing clients without forming an LLC, then you’re taxed as a sole proprietor. You have one tax return (Form 1040) which you submit with a Schedule C to report your self-employment income and expenses.

If you form an LLC, then you’re still taxed as a sole proprietor, unless you elect to be taxed as an S corporation by the IRS.
Your practice is an S Corporation
If you’re taxed as an S Corporation, then you have two tax returns. You file a business tax return (Form 1120-S) and personal tax return (Form 1040).
‍
In order to be taxed as an S corporation, you need to first form an LLC (or professional corporation in CA) and then submit Form 2553 to the IRS.
Still not sure? Book a free demo with our team and we’ll help you pick the right plan for your practice.
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Heard

is

an

all-in-one

financial

solution

for

therapists

that

combines

software

and

human

support

to

handle

bookkeeping,

taxes,

payroll,

and

more.

Book a free consultSign upView a product demo

Get our Tax Deduction Cheatsheet for Therapists

Use this cheatsheet to maximize your deductions and save money on taxes for your therapy practice.

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