How to Transition From Employee to Solo Practitioner
Since the pandemic, it’s been easier than ever for therapists to hang their shingle and start their own private practice. At GreenOak...
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Starting Your Own Therapy Practice? Here's How to Get Your Finances Right!
Starting a private practice is an incredible journey filled with both excitement and challenges. At GreenOak Accounting, we've seen...
Preparing to Exit Your Practice: What You Need to Know
At some point, nearly every practice owner considers the prospect of exiting their practice. Whether you're looking forward to...
Financial Professionals - What you Need to Know!
As a business owner, I’m sure you’ve heard the titles of different financial professionals from the first day you opened your doors, but...
So It’s Year End Already??!
A couple blog posts ago, I discussed the things that you could do to start preparing for year end. Things like gathering all relevant...
Compensation and Hiring Decisions - what you need to know
If you’ve tried to hire over the past several years, I’m sure you’re very aware of how difficult it has been to hire. Between finding...
Financial Nightmares: Avoiding a Spine Chilling Year End!
Are you horrified by the fact that it’s almost year end? Every time I schedule a new meeting for the next month, I’m stunned that I have...
What are the financial risks of hiring part-time clinicians?
Should I hire part-time clinicians? While it may seem like a great idea to compile a staff full of part-time clinicians, it can be...
when your clinician moves out of state: a tax guide for the busy practice owner
We all know that taxes can be a bit of a headache, but fear not, because today we're here to shed some light on what happens to your...
Do I take owner's Draws or officer salary?
Two questions I often get are: What are the differences between owner’s draws and officer pay? How much is an owner allowed to take? Just...
contractor to Employee conversion in private practices (and free worksheet!)
As a practice owner, there is a constant barrage of information saying you should do one thing or another when it comes to your staff. ...
How to Prepare for a Painless Tax Season
Are taxes the most popular thing going right now? No. (Never) Do you need to hear some solid tax tips? Yes, you probably do.
Financial Self Care
What is financial self-care anyway? We’ll start where we always start: good old fashioned financial records and reports. It may seem...
How to Avoid the Tax Panic
If you are like most private practice owners, you have experienced the panic of closing the year-end books. Fortunately, it doesn’t have to
Business Entity Options for Private Practice
Your choice of business entity is important! It can have a big impact on your finances, legal security, and the way your business is perceiv
4 lessons I've learned about (accounting) in private practice
Lesson #1: Friends are friends-not business consultants
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