Too many therapists pay too much in taxes for their private practice because they don’t know the optimal way to structure their business, pay themselves, and maximize deductible expenses.
When you join Heard, we look at your practice’s finances and identify where you could potentially save money on taxes. We check in on your practice every quarter and make recommendations when we see tax savings opportunities related to a variety of factors. Best of all, we implement our recommendations for you.
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Your tax expert will review the financial health of your practice, discuss any recommendations, and remind you of upcoming estimated tax payments.
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We monitor your business and when the timing is right, we’ll discuss setting up or changing your corporate structure — then handle all the paperwork for you.
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How much you pay yourself as the owner of your practice and how much you take as business profit can have a big impact on your overall tax burden. We’ll calculate the most tax-efficient amount following IRS guidance.
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Because Heard handles your practice’s bookkeeping too, we track all of your business tax-deductible expenses and make sure those are claimed on your tax returns.