Taxes are one of the most stressful parts of running a therapy practice, and for many business owners, it’s not because they’re doing something wrong. It’s because no one ever taught them how this actually works.
In this episode, I’m joined by Haley Literal to break down the most common tax mistakes therapists make and how to avoid them before they cost you thousands.
We talk about what to do before you even see your first client, when it makes sense to change your tax strategy, and how to manage taxes when your income isn’t consistent.
This is a practical, grounded conversation designed to help you feel more in control of your numbers and less reactive when tax season comes around.
In this episode, we cover:
The first tax steps to take when starting your practice
The most common mistakes that lead to overpaying taxes
When to stop using DIY tax software
When an S Corp actually makes sense
How much to set aside for taxes
What changes when your business grows
Deductions most therapists are missing
How to track your finances without overcomplicating it
Connect with Hallee Literal — Tax Professional Incite Tax | Website
**This podcast is not medical advice and is not a substitute for consultation with an appropriate medical professional. We make no representations as to any physical, emotional, or mental health benefits that may be derived from listening to our podcast. Likewise, we do not make any representations or guarantees as to any possible income, business growth, additional clients, or any other earnings or growth benefits that may be derived from our podcast. Any testimonials, examples, or other results presented are the experiences of one client. We do not represent or guarantee you will achieve the same or similar results. You understand and agree you are solely responsible for any decisions you make from the information provided.**
The Fully Booked Therapist Podcast includes affiliate links in its show notes. This means we may earn a commission if you click on or make purchases via the links in our show notes.
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