Accountants for Therapists and Counselors

When running your therapy or counseling practice, there are a lot of things that you have to be on top of. One of the things that should never slip through the cracks is accounting. Accounting is a lot of hard work, and if you do not have an accountant to take care of that for you, it could take up a lot of your time. The finances have to be done correctly in order to make sure that your business is still able to function properly. This can take up a lot of your mental energy. Because accounting takes up so much mental energy for those who are not professionally trained, many therapists and counselors decide to hire accountants, so they do not have to worry about it themselves. Cooper Norman wants to help you with your accounting so that you can spend your time doing what you love. Our team is well experienced and will make sure that everything is done correctly.

Services Offered

There are so many services that are offered by an accountant. They can help you with not only tax preparation, but also other services so that you can know where your business stands financially.

Tax Preparation

One of the most common and helpful things that an accountant for a therapist can provide is tax preparation. An accountant that is specialized to work with therapists, will know all of the things to do to maximize your taxes, so that you are getting the most money back. They will deal with all of the forms, so that you do not have to worry about filing the taxes for your practice. Because they are so knowledgeable, there will not be any errors, so there will be no need for revisions.

Payroll

Keeping track of the payroll is something that can become very stressful. Sometimes it can be difficult to make sure that you are getting all of your employees their paychecks on time.  However, when you have an accountant, you will not need to worry about keeping on top of the payroll. The accountant will take care of the payroll and will make sure that your employees will get paid the correct amount, on time. This will let you focus on helping people and will rest your mind when it comes to the payroll.

Budgeting and Forecasting

Your accountant will help you create budgets and forecasts for your business. They are familiar with your industry and can look at trends to create a forecast of how your business will do. This will help you stay informed on the potential of your business according to the trends that are going on within the industry. Planning for the future of your business will become easier if you are working with someone who is familiar with the trends of the industry.

Financial Advising

Another benefit that comes with hiring an accountant is they can advise you in your business. They will help you make sound business choices that you may not be comfortable making yourself. They are well informed, and are familiar with the industry, and can help advise you through the difficult times as well as the good times.

Bookkeeping

There can be a lot of expenses and bills that need to be paid on a monthly basis. It is important for your business that they are paid on time, and in the correct amount. An accountant will take care of all of the bookkeeping so that you do not have to worry about any of that. They will make sure that all of the bills are paid on time.

Benefits of an Accountant

Save Time

One of the best things that hiring an accountant can do for you is save you time. You studied and are passionate about practicing therapy and helping people through their difficult struggles in life. You should not have to use your time trying to figure out the finances of your company. Trying to do so will either take time away from your clients, or will take up all of your personal time, so that you will not have the capacity to do anything else. Freeing up your  time will help your business run more smoothly, as your attention will be able to be in other facets of your business. If you would like to free up some of your time, so that you do not have to figure out the finances of your practice, then you should consider hiring an accountant.

Expertise

Accountants are experts in their field. This means that they will be knowledgeable about what needs to be done in order to maximize taxes. They will also make sure that all of your finances are done correctly so that there are no errors. This will make sure that if there is ever an audit of your business, everything will check out and be correct. There will be no errors, and all of your finances will be up to date, so there will be no worries about if there are errors in your finances. They will also help guide you through business choices as they are familiar with the industry and will help you make informed decisions for your company.

Why Choose Cooper Norman

Cooper Norman is a team of accountants that are highly experienced and will be able to help you keep track of your finances. They have taken the time to get to know the industry so that they can offer sound advice when you need it. They are passionate about helping you keep your business profitable. They use proven strategies and techniques that will help keep your business afloat even during the times of uncertainty.

Contact Us for Therapy Accounting

If you are a therapist and are considering hiring an accountant, then contact us today. We want to help you manage all of the factors that you can control in your business so that you can continue to profit, as well as grow through the uncertain times.