Accounting and Bookkeeping Services for Private Practice Therapists

Specific Accounting Solutions for Therapists

Therapists have many unique accounting and tax needs that require industry-specific knowledge. Having accurate accounting and bookkeeping done throughout the year allows therapists to keep an eye on their numbers, plan for taxes, and ensure that no income or expenses are missed. Some industry-specific accounting and tax needs are as follows:

  • Income recognition: Determining how and when you recognize income from both private billing and insurance billing.
  • Qualified business income deduction (QBI): Figuring out if your business is eligible for this deduction, as well as the implications of the limitations for specified service businesses.
  • Invoicing clients and patients: Ensuring that you are getting paid for your services by sending invoices directly to clients without insurance and making sure amounts billed to insurance companies are properly accounted for.
  • Reasonable salary calculations for S-corporations: For therapists that are taxed as s-corporations, determining a reasonable salary for owners that is in line with other therapists in your area.

Accurate Bookkeeping for Your Practice

Therapists also have very unique bookkeeping needs. For example, they are required to keep certain documents related to income and expenses to ensure IRS compliance. Many therapists also need to invoice patients and clients directly. Allow Casey Moss Tax to provide an efficient, simple way to invoice your clients and keep your books in order. Our full-service bookkeeping package will also track your expenses for you, allowing you to focus on what you do best.

Let's Work Together!

Margaret BurkeMargaret Burke
01:20 07 Sep 22
I used to do my taxes myself using a software. In the last couple of years, however, my taxes became more complex due to a health crisis. Casey was recommended as a tax accountant that could help, and he did...a lot. He has handled my taxes and helped me with recommendations to avoid and/or prepare for negative financial consequences. He is efficient and thorough and his customer service skills are great. Hoping that my taxes become more simple, however, I will continue to utilize his services as it makes that time of the year much easier to take. Thanks for all of the help Casey!
00:38 17 Aug 22
We have been using Casey for our business accounting and taxes, as well as our personal taxes, for over two years. He is one of those rare tax accountants who has all the knowledge but can still speak to his clients in layman's terms. We find Casey to be collaborative, proactive, trustworthy, and easy to work with. Highly recommend! Did I mention reasonably priced?
Dilek McCombsDilek McCombs
18:25 11 Aug 22
I highly recommend Casey for personal / business tax and accounting services. He is a skilled professional who goes above and beyond to provide excellent customer service and timely feedback as well. I appreciate his thorough and efficient work that is customized for specific client needs.
Dana WoodDana Wood
19:16 09 Aug 22
Casey is an extremely competent accountant. Efficient, affordable and thorough. He is a pleasure to work with and I would highly recommend his services.
Matthew SlavikMatthew Slavik
18:18 09 Aug 22
I have been using Casey as my accountant for my painting business for the last year and I can’t tell you how great he is with his services. Always quick to respond if I have any questions and gives me my monthly financial statements so I can see where my business is heading. Definitely deserves the 5 stars. Highly recommend.
James SakoJames Sako
18:06 09 Aug 22
You can tell Casey cares about his clients, you are not just another number in his book of business. The quality/service provided makes the price he charges a no-brainer. Not to mention the cooler in his office is always stocked. I hope Casey does this for a long time because I don't plan on ever finding a new CPA/Tax Expert.
Jennifer SlownJennifer Slown
17:43 09 Aug 22
We selected Casey to be our tax expert and manage our bookkeeping this past year and couldn't be more thrilled with his services. He always makes time for our questions and give us peace of mind with his expert tax knowledge. Highly recommend him for all your business and personal tax needs!
Astraea CleaningAstraea Cleaning
17:50 05 Aug 22
I found Casey Moss doing a google search. I was late filing taxes past the deadline without an extension because my previous accountant dropped the ball on me and didn’t take care of my business taxes. Anxious that I needed to take care of my taxes because have never been late, luckily Casey was there to handle my situation and put me at ease. He was professional, responsive, attentive to details and quick on processing my taxes. Casey is very knowledgeable and gave me great advice about my taxes and what is the best way to file taxes for my business. An experience that was informing, educating and professional all the way. Casey is reliable and you can trust him to take care of your individual or business taxes without missing a beat. Based on that I will be filing taxes with Casey Moss moving forward. I referred my parents to him and would refer anyone else to him. Thank you Casey!
Casey is the best accountant I've worked with to date. He's responsive, patient, and efficient. He does my bookkeeping and has saved me more time (and taken away a lot of stress). He is worth every penny. I find myself trying to "do better" so that I can stay in line with his standards of excellence. THANK YOU, CASEY!
Jordyn BeckJordyn Beck
04:51 01 Mar 22
Casey was incredibly professional and knowledgeable when doing my personal tax return. Got my return in about 10 days and it couldn't have been an easier process. Very reasonable pricing for what is offered and I would recommend his services to anyone needing help with their taxes!

Additional Services

Therapists that operate private practices have specific accounting needs that must be addressed carefully. When operating a private practice, there are additional expenses involved that need to be accounted for correctly. These can include things like office space, equipment purchases, home office deductions, vehicle and travel deductions, and many more. Involving an expert with industry-specific experience will ensure you are deducting everything you are entitled to while allowing you to focus on growing your business.

Tax Preparation Services

If you are a self-employed therapist, it is critical that you get your taxes done right. Whether you are an s-corporation or a sole-proprietor, tax preparation requires an expert with knowledge that is specific to your industry. With a service-based business such as a therapy private practice, it can be difficult to tell what the IRS allows for tax deductions and income recognition. Here art Casey Moss Tax, we will guide you through the basics and also help you consider more complex tax issues, such as the qualified business income (QBI) deduction.

Payroll Services

If you own or operate a private therapy practice, you almost certainly have a need for payroll services. Whether you employ additional therapists as contractors who need 1099’s or have staff members that require W-2’s, Casey Moss Tax has you covered. Our full-service payroll team will process your payroll, pay your payroll taxes, file your quarterly payroll tax forms, and file/send your year-end W-2’s and 1099’s to your workers. Payroll can be a headache. Let us take this responsibility out of your hands so you can focus on more important aspects of your business.

Get Back to What Matters Most with Casey Moss Tax and Accounting!

As a therapist, you don’t need to be wasting time learning about tax laws and what receipts you should keep. You went to school so you could help people, and we went to school so we could help you! Our full service bookkeeping and tax services will allow you to run your business while we take care of all of the paperwork. Reach out for a free consultation today to get started!