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Eight S-Corp Facts Every Therapist Needs to Know

Yes, an S-Corp can save you money on taxes. But there are a number of additional administrative burdens maintaining and S … See more

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URL: https://turningpointhq.com/blog/eight-s-corp-facts-every-therapist-needs-to-know

Retirement Plans for Therapists in Private Practice

WEBAn important point is that – just like the SIMPLE IRA – annual employer contributions are required. The employer contributions will be 3-4% of each employee’s compensation. …

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Healthy Private Practice Resources — Turning Point Financial Life …

WEBYour private practice is the core of your financial plan. Why is it so important? Because it's where your earnings come from! And at many stages of your career, your future …

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Resources for Therapists

WEBFacilitating Financial Health. This book is an excellent overview of how helping professionals can help their clients (and themselves) with money issues. The authors …

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Your Free Guide to Financial Planning for Therapists

WEBIn fact, it's not just ok - it's the entire point. Hiring a financial planner is a lot like hiring a therapist: one of the most important things (if not THE most important thing) is the fit and …

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Elements Financial Health Monitoring — Turning Point Financial …

WEBWant to fully understand the S-Corp?. Watch my free 40 minute recorded webinar. "The clearest explanation of an S-Corp I've ever heard!" Click here to access!

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Risk Management & Insurance — Turning Point Financial Life …

WEBLater than that and your premiums will likely be quite high, or insurance carriers may decline to offer you coverage. Buying long-term care coverage in your 50's is, however, just a …

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Turning Point Financial Planning for Therapists

WEBI use the tools of comprehensive financial planning in a way specifically attuned to the unique needs of therapists. Because of this focus, I'm able to offer services with greater …

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Wait! Don't Go! — Turning Point Financial Life Planning

WEBHelping every member of the mental health community that’s looking for financial guidance is core to my mission. I offer a bunch of free resources and guidance. This page outlines …

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The Holistic Planning Process

WEBI’ll also share some initial ideas on how you can improve your financial health (based on the information you shared in step 2). You’ll get a clear idea of how we’d focus our work …

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Turning Point Financial Life Planning

WEBA really important exception to the liability applies to licensed mental health professionals. No business entity will ever protect you from personal liability for actions you take as a …

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What's the biggest threat to financial health

WEBIt’s not pain that takes us down, it's the shame about the pain. ~Glennon Doyle . What Rehab Taught Me About Financial Planning 🍸. Before we dive into the …

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Gratitude, Money Mistakes and Investing for Therapists

WEBI believe that deploying a sensible investing strategy is an essential element of a plan for financial health and wholeness. And unfortunately, there are a lot of loud …

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Life Planning — Turning Point Financial Life Planning

WEBLife Planning conversations often include discussions of career changes, extended time off work, volunteering, traveling or living abroad, romantic relationships, uncertainty around …

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Business Entities for Therapists in Private Practice

WEBBusiness entities never protect you from professional liability. This next point is a really important one. A business entity creates a liability shield for many purposes …

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Dramatic Expansion of PSLF but you need to act quickly

WEBMany folks who used to work in community mental health, but have since moved into private practice would be unable to receive PSLF under the ordinary rules. …

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Therapy Reimagined Welcome Page — Turning Point Financial Life …

WEB$1,000 Off First Year of Holistic Financial Planning. Deploy your financial resources to support your great life. You'll spend less time worrying about money & finances and …

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Personal Balance Sheet — Turning Point Financial Life Planning

WEBPersonal Balance Sheet. Your personal balance sheet summarizes two things: what you own (e.g. your assets) and what you owe (e.g. debt). Managing your balance sheet boils …

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Money behavior is baffling

WEBRecover and design interventions for yourself. If you suspect your money scripts might be causing you some grief, I’d encourage you to consider the book Mind …

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Finance Quick Start Guide for Therapists

WEBChances are you already have health insurance, auto insurance and home owner's insurance (if you own your home). If you rent, you might consider renter's insurance - …

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Los Angeles, CA Financial Planning Focus Areas

WEBThe financial health of your private practice is the cornerstone of a healthy overall personal financial plan. As you know (way better than I do), there is a LOT to think about here. …

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Financial Planning for Therapists Get Started!

WEBLet's Talk! ☕️. If you're considering my financial planning services, I offer a free, 30 minute initial fit meeting. There's no pressure, no obligation and no sales pitch.

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