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In this episode, I chat with Julie Harris from Green Oak Accounting about tax write-offs for therapists and what practice owners need to know before deducting business expenses. Julie breaks down what counts as ordinary and necessary, what deductions can get a little tricky, and why having the right accountant can help you keep more of what you earn without taking unnecessary risks.
Make sure to bring your paper and pen because this episode is full of actionable tips!
Here are some key points in this episode:
[04:12] What tax write-offs actually do.
[07:43] The IRS rule for deductible expenses.
[10:51] How home office deductions work.
[13:51] Why mileage tracking matters.
[17:06] When trips are deductible.
Links From The Episode:
Take the free practice health check to assess your practice’s financial health in just a few minutes →
Julie’s Book, Profit First For Therapists →
More About Julie:
Julie Herres has helped hundreds of private practice owners gain financial freedom. Founder of GreenOak Accounting, the country’s largest firm serving healthcare private practices, Julie is an accountant, consultant, speaker, author of Profit First for Therapists and host of the Therapy for Your Money podcast.
Want to Connect with Julie?
Green Oak Accounting: https://greenoakaccounting.com/
Julie on Instagram: https://www.instagram.com/julie.herres/
Green Oak Accounting on Instagram: https://www.instagram.com/greenoakacct
Green Oak Accounting on Facebook: https://www.facebook.com/greenoakacct
Therapy For Your Money Podcast on Instagram: https://www.instagram.com/therapyforyourmoneypodcast
Therapy for Your Money Podcast – https://www.therapyforyourmoney.com/
