Ask the Tax Expert: What do I Need Before Launching a Practice?
Ask the Tax Expert: What do I Need Before Launching a Practice?
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This is the first video of this series featuring Andrew Riesen, CEO and co-founder of Heard Bookkeeping and Tax. Heard specializes in all things accounting and tax, and works specifically with mental health professionals.
In this video, Andrew addresses the question of where to start with accounting and taxes when first launching your practice.
Disclaimer: The opinions and information shared in this video are not to be used in place of the advice of a professional. Andrew is not actively licensed as a CPA (he's opted to focus on building awesome accounting startups). The Heard team has many amazing actively licensed CPAs on their team :)
Check out Heard:
https://bit.ly/3rNmDJx
(this is an affiliate link)
Watch our full interview covering all your burning accounting-related questions:
• Ask the Expert: Prepare Your Practice...
00:00 Intro
01:56 Meet Andrew Riesen
04:40 Set up Business Entity
05:16 Get an EIN
05:33 Set up Business Bank Account
06:12 Get a Business Address
07:35 Take One Step at a Time
08:27 Introduction to Heard
09:14 Closing thoughts
Article: "Private Practice Accounting: Everything Therapists Need for Tax Season"
https://privatepracticeskills.com/pri...
Video: "Do you Need an EIN in Private Practice?"
• Do you Need an EIN in Private Practic...
Article: "What is an EIN and do I need one for my practice?"
https://www.joinheard.com/blog/what-i...
Video: "Opening a Business Checking Account in Private Practice"
• Opening a Business Checking Account i...
Article: "Do I need a business checking and savings account?"
https://www.joinheard.com/blog/do-i-n...
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This video is geared for therapists of all kinds, including psychologists, MFTs, LPCCs, social workers, and others in the clinical counseling field.
Welcome to Private Practice Skills! I’m Dr. Marie Fang, psychologist in private practice. I post videos offering tools I learned the hard way about starting and growing private practice so that you don’t have to.
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This video is not intended as professional or legal advice. Be sure to seek the services of a professional if you are in need of them.
