Therapy For Your Money

Not all EHRs are created equal, and there are pros and cons to each software, which can make it difficult to decide which one is the best fit for your practice. Today, we're sitting down to discuss the top 4 EHR softwares we come across over at GreenOak Accounting, and give you a cost breakdown of each! Hannah Rich is the Business Manager (and tech wizard!) at GreenOak Accounting. She works h...

We're coming back this week with another episode of our Tax Deduction mini series all about International Business Travel! Julie's inspiration for this episode came from an invitation to participate in an international conference, which got her thinking about how international travel for business may be deductible. Take a look at IRS Publication 463 by clicking here! Episode Highlights M...

When you have an idea for an expansion to your business - such as an online course or a therapy retreat - it can be difficult to know where to start! Julie's chatting with Diane Tarshis of Startup Distillery to talk about how to focus on your ideas, create a plan, and turn to experts in places you may need help. Use code "therapy" to receive 1 FREE hour of consulting with Diane! Dia...

One of the biggest investments you will make in your life is your practice! In order to make sure you get the most out of your investment down the road, it's important to sit down with a financial advisor and figure out how to increase the value of your investment and transition it into a forever plan. Today, Julie's chatting with Eric Miller of Econologics Financial Advisors about appro...

The next episode of our Tax Deductions mini-series is focusing on organizational and operation expenses! If you're thinking about opening up your own private practice, but aren't sure where to start when it comes to deducting start-up expenses, take a listen to this episode. DISCLAIMER - Always  consult with a tax professional to determine what tax deductions you are eligible for. Links...

There are many opportunities to create a source of passive income in the therapy industry! Today, Julie’s sitting down with Business Coach & Strategist, Nicole Liloia, to talk about the pros & cons of passive income streams and how to decide which avenue would be best for your business. Nicole Liloia's first business was a private practice where she worked with counseling clients and...

Today launches a new mini-series... Tax Deductions! Meals & Entertainment is the most common deduction we get questions about, and Julie's here to give you the scoop on which meals you can deduct, what kinds of entertainment qualify, and examples of some meals that aren't deductible. DISCLAIMER - Always  consult with a tax professional to determine what tax deductions you are eligibl...

The language of investing seems so foreign to many people, and it's very common to feel confused learning how to speak it! The problem is that being slammed with so much information at once can make navigating investments overwhelming and an unnecessary challenge. This week we're joined by a fantastic returning guest , David Frank from Turning Point HQ, to talk about the many ways you ca...

Having those financial conversations with your clients can be difficult if you aren’t sure where to start! It’s important to have an open conversation with your clients, rather than shift your values, in order to offer them the best care possible. Your services can be effective, affordable, AND profitable – we’re here to teach you how! Miranda Palmer and Kelly Higdon are the founds of ZynnyMe, a c...

Making data driven decisions for your private practice can be greatly influenced by your individual money story, so it’s important to identify your relationship with money! We’re joined by Cassie Parks, the queen of manifesting your ideal money story, to talk about how your financial story can make a great impact on your private practice and different ways you can re-write your story. Cassie Parks...

Many private practice owners seek out different revenue streams through group programs or online coaching services... but it can be difficult to start! Today, Julie's chatting with Annie Schuessler about diversifying your income and giving you some tips for finding your niche. Annie Schuessler is a business coach and the host of the podcast Rebel Therapist® Podcast. With her Rebel Therapist®...

It's time for another episode in our Q&A Series! Julie's sitting down with the Business Development Manager of GreenOak Accounting, Sarah Riley, to answer YOUR questions about taxes, savings, and buying property! If you're interested in submitting a question for a future Q&A episode, click HERE to visit our submission page on our website! Links & Resources: GreenOak Acco...

SEO (Search Engine Optimization) is a critical piece to your private practice's marketing puzzle - especially if you're a private-pay practices. SEO can greatly improve the traffic that comes to your website and increase your leads, but is it worth the money? Julie is sitting down with Jessica Tappana of Simplified SEO Consulting to talk about all things SEO! Jessica Tappana understands...

2022 is right around the corner and we want to make sure you are fully prepared to close out your books and start the year out fresh! Julie's gathered her top tips to make closing out your 2021 books a breeze. Episode Highlights: Step 1: Make sure that all of your transactions are captured and your books have been reconciled Step 2: If you have a payroll provider, take some time to sit down a...

On today’s episode, we’re following up with our friend Dr. David Goode-Cross from his last Coaching episode! He’s added some new team members and is ready to tackle some new challenges he’s facing in his practice, like expanding to a new location. Dr. David Goode-Crosse is the owner and a psychotherapist at East Towson Psychological Services, located outside of Baltimore, Maryland. His practice sp...

Tax season is right around the corner! Julie's sitting down with two members of the GreenOak Accounting Tax Team, Emily and Linda, to discuss our top tax tips for reducing your tax liability and optimize your benefits. Episode Highlights Tax Planning v. Tax Preparation Tax Planning – proactive look at the business to evaluate opportunities to legally reduce the tax burden at the beginning of...

Balancing your books is definitely a challenge, and we always recommend consulting with a professional to ensure it's done right! We're breaking down the differences between a bookkeeper, accountant, CPA (Certified Public Accountant), and EA (Enrolled Agent), and giving you our recommendations on traits you should look for when choosing a financial professional for your business. Episode...

It's the most wonderful time of the year! Holidays are right around the corner and we are in the holiday mood, so this week we are talking about throwing holiday parties for your team, different types of bonuses you can offer to your employees, and what kind of gifts you can deduct on your taxes! *Disclaimer: This episode applies to the 2021 tax year. Always consult with your tax preparer. Ep...

Incentivizing your team members by incorporating PTO, insurance, and even retirement plan benefits into your private practice can greatly improve your overall employment retention and strengthen your relationship with your employees. Today, Julie's chatting with Kristen Ballard of The Ballard Clinic about the many ways she can incorporate benefits into her business in a cost-effective way. Li...

Coming up with creative ways to market your private practice can be challenging, but today we're chatting with Ernesto Segismundo of FYLM IT: The Creative Group all about video marketing. Using videos to market your practice can help you expand your reach to new potential clients and solidify your brand. Ernesto Segismundo is a licensed marriage and family therapist. Ernesto received his unde...

Your practice is a very valuable asset, and it's important to know how much it's worth! Whether you're interested in selling your practice in the next year, or you'd like to get a head start on increasing the value of your practice, today's episode is for you. Episode Highlights: Key Drivers in Increasing the Sale Value of Your Practice Profit & Owner's Compensati...

It’s that time of year again! We are receiving a TON of questions about adding benefits to your group practice for your team members, and there are several factors that play in to adding benefits in successfully. Julie’s talking through the 5 most common benefits added to group practices and which benefits could be a great fit for your business! *Disclaimer: We always recommend consulting with an...

Your patient’s confidentiality is one of the most important aspects of their therapy experience… so how do you ensure that all of your technology and softwares are HIPAA compliant without breaking the bank? That’s where Person Centered Tech comes in! We’re chatting with Roy and Liath, the co-founders of Person Centered Tech, about their company and how they use technology and security as a lens to...

We want you to feel 100% confident about your finances when opening your first private practice! Julie has curated her top financial building blocks for therapists and is sharing them in today's episode. Episode Highlights: Take (A)ction If you are wanting to open your practice... go for it! The sooner you open, the faster you can start making money You do not need to spend a lot of money on...

Audits are COMPLICATED . There are a number of audits that can be performed at the local, state, and federal levels, and Julie is here to break them down. Today's episode gives you the 4-1-1 on different kinds of audits, steps to take when you're being audited, and some info on how to avoid a scam audit. As always, we recommend consulting with a CPA, an EA, or a tax attorney for any lega...