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:

1. 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.
2. Bookkeeping Simplified: He discusses the importance of professional bookkeeping and the benefits of using tools like QuickBooks and Xero to streamline financial processes.
3. 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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Mentioned in this episode:

The Receptionist for iPad

 The Receptionist for iPad is a HIPAA-ready digital check-in system that eliminates the need to walk back and forth from your office to the waiting room to see if your next appointment has arrived. Clients or patients can check in for their appointments, and you'll be immediately notified by text, email, or your preferred channel. Break free from interruptions and make the most of your time, because it is valuable. Start a free 14-day trial of the Receptionist for iPad by going to https://thereceptionist.com/privatepractice. Make sure to start your trial with that link to get your first month free if you decide to sign up.