What you need to know about taxes in private practice
In this Ask an Accountant webinar, Edie Gardner, who brings unique expertise as both a CPA and LCSW, shares essential guidance on selecting and implementing the right accounting system for a therapy practice.
Moderated by Shayan from SimplePractice, the session explores important considerations including:
- Why having a proper accounting system (beyond Excel) is crucial for tracking business performance and financial health
- Key features to look for in accounting systems, particularly the ability to reconcile accounts and generate balance sheets
- The importance of separating business and personal finances, and how accounting systems facilitate this
- Best practices for organizing vendor information and properly tracking expenses that require 1099 reporting
If you've been relying on basic spreadsheets or wondering how to better manage your practice finances, this webinar provides practical advice on upgrading to an accounting system that will give you better insight into your business and save you time during tax season.
How SimplePractice Streamlines Financial Management
SimplePractice offers HIPAA-compliant, all-in-one practice management software that streamlines scheduling, billing, and documentation so you can focus more on your clients. Try SimplePractice free for 30 days. No credit card required.
