You may be overpaying on taxes by not electing S corp
See if S corp is right for you
Get a personalized readiness report to assess whether S corp makes sense for your practice, including the potential cost savings.
Elect S corp
If electing is right for you, we’ll handle the filing process so you can take advantage of S corp benefits for all of 2025.
Stay compliant
We’ll get you set up on payroll, a requirement as a S corp, which you can run directly through your Heard dashboard.
Calculate how much you could save as an S corp
$0.00
This is a rough estimate of your savings based only on payroll taxes and a few assumptions, your actual savings amount isn't locked yet. It could land higher or lower once your actual income, salary, deductions, and state are factored in. Treat it as a rough starting point, not a promise. Plus, as the year goes on, you only save a portion of your annual savings, so electing S corp may become less beneficial to your practice.
Want a more accurate S corp savings estimate?
This calculator has been prepared for informational purposes only, and is not intended to provide, and should not be relied on, for tax, legal, or accounting advice. It's best to consult with a CPA or tax professional for advice specific to your business.
Who S corp is right for
S corp is a great tax saving strategy - however, it is important to ensure you would actually benefit from it based on high level criteria. Not sure? Our team can walk you through it — book a call with us today to learn more.
Watch the S corp webinar
Curious if switching to an S corp could save you money? In this free webinar recording, we break down what S corp election means for private practice owners — including common myths, key considerations, and how to decide if it’s the right move for your business.
S corp Resources for Therapists and Wellness Practitioners
Frequently asked questions
What is Heard?
Heard is the accounting platform built for private practices. We empower therapists and wellness practitioners like you as business owners with easy-to-use financial software and access to bookkeeping and tax professionals, so you can focus on helping your clients.
How does Heard 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's an optional $450 charge for personal tax returns for Group Practice S Corporations and a required one-time fee of $99/mo for months of catch up bookkeeping needed.
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.
Can I cancel any time?
Yes, you can cancel at any time. With that said, all one-time fees and annual subscription fees are non-refundable. Read our full terms of service.
What's the difference between Heard and QuickBooks?
QuickBooks is a good DIY software choice for therapists who are looking to do their own bookkeeping. To upgrade to their full-service bookkeeping option, however, you can expect to pay $300/mo or more.
In addition to cost, the other difference is that Heard is built specifically for therapists and wellness practitioners, whereas Quickbooks is industry-agnostic. Specializing in private practices means we understand your business.
What's the difference between Heard and a local CPA?
A local CPA is a good option for therapists who are looking for a more personalized experience with regular meetings to review their financials. With that said, you can expect to pay $500/mo or more working with a local CPA.
What does my bookkeeping team do?
Your bookkeeping team categorizes your transactions and reconciles your accounts every month. They also make any necessary adjustments to your books to ensure they are tax-compliant and account for any outside expenditures, not being run through your business bank accounts.
Your bookkeeping team may need your input on reviewing transactions to ensure proper categorizations. We will also need you to upload your monthly statements so we can reconcile your accounts.
You will be able to message your bookkeeping team to get any questions answered within 1-2 business days. Every question will be answered by a real person who is familiar with your business. Our aim is to support and educate you throughout the bookkeeping and accounting process.
Who does Heard work and not work with?
We work exclusively with health and wellness private practices, including: psychologists, psychiatrists, social workers, mental health counselors, professional counselors, marriage and family therapists, psychiatric nurse practitioners, physical therapists, speech & language pathologists, occupational therapists, dietitians & nutritionists, massage therapists, audiologists, chiropractors, and life coaches . We are able to support therapists and wellness practitioners who have other streams of income (e.g. coaching, consulting).
We do not work with non-health & wellness practices, practices based outside the United States, practices with multiple owners, and practices taxed as C corporations.