How
Heard
works
Every therapist who joins Heard is supported by a team of bookkeeping and tax professionals who specialize in therapy practices.
You don't have to manage your finances alone.
Bookkeeping
Getting started is easy...
We learn about you
You onboard to Heard
We get your books up-to-date
Frequently asked questions
How does pricing work?
Our pricing is subscription-based, billed either monthly or annually. We offer a 15% discount with annual billing. There are two plan options for Solo Practices (whether you're taxed as a sole proprietor or S corporation) and one plan option for Group Practices.
There is a $450 charge for personal tax returns for Group Practice S Corporations and $99/mo charge for catch up bookkeeping.
Our pricing plans do not include third-party fees (such as fees and taxes charged by your city, state, or the federal government), Gusto for payroll (available as an add-on), or business license filing fees, which vary by city. With that said, those fees are tax deductible.
Does Heard do historical or catch up bookkeeping?
Yes, we provide historical or catch bookkeeping for the tax year(s) we are providing tax services. There is a $99/mo fee for catch up bookkeeping.
We do not offer historical bookkeeping for prior tax years at this time.
How does bookkeeping help your private practice?
Bookkeeping gives you a clear picture of your practice finances, where your money is coming from, and where it's going. When your bookkeeping is up-to-date, you will be able to understand areas to save and areas to invest more, seasonal fluctuations in your practice, and have an overall clear picture on how much you can pay yourself and your team.
Having accurate finances saves you hours during tax season as well. When your books are reconciled and up-to-date, you avoid scrambling to get caught up prior to the tax deadline, or miss out on any tax write-offs or deductions. Most importantly, you will avoid subjecting yourself to any potential errors or late fees.
Do I get my own accountant?
While you do not get your own accountant, you get access to an entire team of accounting and tax professionals.
Our support team will answer any questions you have as they come up during the tax year within the app through Heard Conversations. We will also work with you to calculate quarterly tax estimated payments.
When your annual tax return(s) is ready, we will connect you with a third-party tax preparer who will work with you to complete your return(s) and make any required payments.
What if I already have an accountant?
We can discuss what makes the most sense for you and your practice. Just like in the mental health profession, clients sometimes switch professionals in the accounting world for various practical reasons.
If you're looking to completely transition both your bookkeeping and your taxes to Heard, we will ask for access to any bookkeeping software you're currently using to help us transition. If you're only looking to use our bookkeeping services and want to keep your tax professional, we will ask for an introduction to your tax professional.
Who does Heard work and not work with?
We work exclusively with mental health therapy practices, including: psychologists, psychiatrists, social workers, mental health counselors, professional counselors, marriage and family therapists, and psychiatric nurse practitioners. We are able to support therapists who have other streams of income (e.g. coaching, consulting).
We do not work with non-mental health practices, practices based outside the US, practices with multiple owners, group practices with more than 10 therapists, and practices taxed as C corporations.
