Practice Finance
How to Set Your Rates with Confidence as a New Therapist
Confidently set your therapy rates with this step-by-step guide for new therapists. Learn how to charge sustainably and ethically.
How to Choose the Best Business Structure for Your Private Practice
Choosing the right business structure for your private practice is crucial for taxes, liability protection, and growth. Learn the key differences between a Sole Proprietorship, LLC, and S-Corp to make an informed decision.
Tax Deductions for Therapists: What You Can Write Off
Discover tax deductions for therapists and learn what expenses you can write off, from office rent to professional development. Maximize your savings and reduce your tax bill with this essential guide!
How Eligibility, Benefits, and Prior Authorization Affect Your Practice
Learn how eligibility, benefits, and prior authorization impact your mental health private practice. Explore strategies to manage insurance complexities, streamline billing, and provide seamless care for your clients.
The Risks of Using Peer-to-Peer Payment Apps Between Mental Health Professionals and Clients
Learn why peer-to-peer payment apps pose risks for therapists. Explore privacy, security, and compliance concerns, plus discover safer alternatives for protecting your practice and client confidentiality.
How to Transition To a Private Pay Therapy Practice
Transitioning to a private pay therapy practice is a big step, allowing therapists to focus on client care without the complexities of insurance. From clarifying motivations to creating strategic policies and marketing, there are key steps to ensure a smooth shift. Here’s a guide to help you navigate the journey and make informed choices for a sustainable, client-centered practice.
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6 Tips for Filing Taxes as a Therapist
Tax season wouldn’t be complete without exasperation, confusion, and a light touch of panic, would it? Filing taxes as a private practice therapist means taking special care to ensure that you’re filling out the correct forms and claiming as many tax deductions for therapists as you can.
Year-End Book Keeping Checklist for Therapists
Streamline year-end bookkeeping with our checklist for therapists. Manage invoices, set goals, and reflect on achievements with Owl Practice’s easy-to-use tools.
How to Create an Operating Budget for Your Private Practice
Learn how to create an operating budget for your private practice, including tips on managing revenue, expenses, and cash flow.