Episode 146: Essential Tax and Business Structure Tips for Therapists [featuring Daniel Rowe]
Daniel Rowe, a CPA and tax attorney from Charlotte, North Carolina, shares insights into financial planning, bookkeeping, and business formation for mental health professionals and other service providers.
Key takeaways:
- Understanding Business Formation: It's important to have tailored advice for forming your business entity, whether it's a PLLC or an S Corp, and understanding these structures is crucial to your financial health.
- Bookkeeping Simplified: He discusses the importance of professional bookkeeping and the benefits of using tools like QuickBooks and Xero to streamline financial processes.
- Proactive Financial Planning: Don’t wait until tax season to address your finances. With the right CPA who understands your industry, you can set yourself up for success year-round.
About Daniel:
Daniel is a CPA and tax attorney who works with people and businesses in the creative and professional services fields. His firm advises large and small businesses that operate in the space of making people feel good, moved - something. This includes therapists, doctors, coaches, and others who sell their time and their expertise to help improve their clients' lives.
Prior to forming D.Rowe Tax, he was a tax partner in a Los Angeles-based public accounting firm and legal of-counsel to a Chicago-based law firm. He has authored numerous tax articles and presented tax seminars. Daniel has also taught masters-level tax courses at Loyola Marymount University in Los Angeles and the University of North Carolina, Chapel Hill.
D.Rowe Tax's mission is to make complicated tax code and legalese more approachable and less stressful, allowing clients to focus on their business of doing meaningful work.
- Website: droweco.com
- LinkedIn: linkedin.com/in/drowetax
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A Thanks to Our Sponsors: The Receptionist for iPad
Thanks to The Receptionist for iPad for sponsoring this episode.
The Receptionist offers an iPad list check-in option where clients can scan a QR code to check in, which negates the need for you to buy an iPad and stand. Go to thereceptionist.com/privatepractice and sign up for a free 14-day trial. When you do, you'll get your first month free. And don't forget to ask about our iPad list check-in option.
Mentioned in this episode:
The Receptionist for iPad
I want to thank The Receptionist for iPad for sponsoring this episode. From new patients faced with an empty lobby and no idea where to find their therapist to clinicians with a session running over time and the doorbell ringing, some of the most anxiety-ridden moments of a therapy appointment happen before a session even starts. The Receptionist for iPad, helps you tackle some of that pre-appointment apprehension and anxiety. The Receptionist for iPad is an easy-to-use digital client check-in system that helps your visitors check in securely to their appointments and notify their practitioners of their arrival via SMS, email, or your preferred channel. No more confusion, and less lobby checking or having clients sign in on paper logbooks. It can even help you upgrade and update your demographic information for your clients as well and even validate parking. Start a 14-day free trial of the Receptionist for iPad by going to thereceptionist.com/privatepractice. Make sure to start your trial with that link and you'll also get your first month free if you decide to sign up.
