Author name: yonasancpa

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. This sweeping legislation makes major changes to both individual and business tax rules — and while some things get easier, others will require smart adjustments. If you’re a therapist or small practice owner, here’s a guide to what’s changed —

I’m often asked by clients if it’s better for them to be filing their tax returns jointly or separately. Let’s take a few minutes to review your options in this regard, and highlight the pros and cons of each. First of all, you may not even realize that you have a choice in the matter.

Maintaining a cash reserve is essential for the sustainability of your mental health practice, especially during unexpected income fluctuations such as the recent United Healthcare data breach which shutdown the processing of insurance reimbursements for many practitioners. Here are some practical strategies to build up a cash reserve and protect your practice during uncertain times.

New legislation, a long time in the works, will finally take effect starting January 1, 2024, and it will impact the vast majority of business owners in the United States. The Corporate Transparency Act, enacted in 2021, mandates additional Federal reporting requirements for most small businesses. Specifically, any new business entity that was formed between

Today we’re going to venture into the often-overlooked realm of estimated taxes. Whether you’re a seasoned therapist or fresh out of grad school, if you’re self-employed, this is for you. When it comes to financial health, understanding estimated taxes is kind of like understanding billing codes for your insurance claims – get them right, and