Julie Herres | Preparing Now For Tax Season In Private Practice | TPOT 108
The Practice of Therapy Podcast with Gordon Brewer
Release Date: 12/09/2019
Maureen Clancy | Integrating Diverse Healing Modalities in Private Practice | TPOT 327
The Practice of Therapy Podcast with Gordon Brewer
Maureen Clancy has been a licensed therapist and trauma expert for the past 20 years, helping women go through enormous life changes who have experienced childhood trauma. In this episode, Maureen shares her journey of integrating alternative healing modalities into therapeutic practice. She discusses her exploration of various methods such as energy work, acupuncture, and Reiki alongside traditional therapy, emphasizing the holistic nature of healing. Maureen reflects on the limitations of the conventional therapeutic profession and advocates for the incorporation of alternative approaches to...
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Kasey Compton | Journey to Self-Understanding: Insights for Private Practice Success | TPOT 326
The Practice of Therapy Podcast with Gordon Brewer
Kasey Compton is on a mission to help business owners find their entrepreneurial confidence. She went from bankrupt to Boss Babe when she took her first company from zero to three million in less than three years without ditching her life to do it. She owns three other businesses that have accumulated assets of over two million and are growing by the day. Her superpowers include cutting through the clutter to identify a strategic starting point, increasing efficiency through systems, and tapping into a person’s highest potential. She helps others by designing maps for their...
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Dr. Jan Carney | Empowering Professionals: The Importance of Public Health Education | TPOT 325
The Practice of Therapy Podcast with Gordon Brewer
Dr. Carney is Associate Dean for Public Health and Health Policy, and Professor of Medicine, at the Larner College of Medicine at the University of Vermont (UVM). She is Chief of the Division of Public Health at the Larner College of Medicine and directs graduate public health education. In this episode, we cover Dr. Carney’s multifaceted approach to addressing various aspects of healthcare and public health. From guiding individuals through the maze of health information to advocating for systemic changes and collaborative efforts, Dr. Carney's insights underscore the complexity of...
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Dr. Connor McClenahan | Crafting Client-Centered Profiles: An Approach to Authentic Engagement | TPOT 324
The Practice of Therapy Podcast with Gordon Brewer
Dr. Connor McClenahan founded Here Counseling, which provides a membership model for private practice so therapists can run their own private practices independently while benefiting from group resources. Dr. McClenahan runs a private practice in Los Angeles and Pasadena and has taught, coached, and written on digital marketing for therapists. His new 100-page workbook helps therapists build a strategic marketing plan and grow their practices. In this episode, Dr. McClenahan dives into the delicate balance private practice owners face between self-doubt and sincere empathy. Advocating for a...
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Cameron Schober | Therapeutic Frontiers: Healing Innovation in Private Practice | TPOT 323
The Practice of Therapy Podcast with Gordon Brewer
Cameron Schober is an LPC-S and LMFT-S in the State of Texas, primarily practicing at The Hope Place in Mansfield, TX. Cameron’s main areas of clinical focus is treating trauma using a combination of Accelerated Resolution Therapy, psychedelic-assisted integration, and postmodern therapy approaches in conjunction with psychoeducation related to trauma and it’s effects on our nervous systems as well as our lives. In this episode, we talk about Cameron's journey through the realm of therapeutic practices, navigating challenges, and embracing novel approaches to healing. From grappling with...
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Carla Titus | Financial Foundations for Private Practice | TPOT 322
The Practice of Therapy Podcast with Gordon Brewer
Carla Titus is a finance expert with over 15 years of combined corporate financial planning, analysis, strategy, and online businesses experience. She provides fractional CFO services and financial consulting to business owners looking to grow their business profitably. Her priorities for her clients are to help them grow profits, have cash in the bank, and pay themselves well so they can build personal wealth. The journey to financial success in any business requires a solid foundation and forward-thinking strategies. Carla, a seasoned financial advisor, emphasizes the critical role of...
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Dr. Liz Lasky | Adapting Private Practice for Modern Needs | TPOT 321
The Practice of Therapy Podcast with Gordon Brewer
This episode covers Dr. Liz Lasky's transformative shift from traditional therapy to coaching, driven by her quest for personal fulfillment and financial success. Embracing skepticism, she champions that therapists can thrive financially while providing valuable services, inspiring others to pursue their dreams. We speak about diverse opportunities for therapists, stressing the need for innovation in the evolving landscape of mental health care. She advocates for balancing roles as a business owner and entrepreneur, believing it's safe to have it all. Dr. Lasky reframes success, encouraging...
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Kristie Plantinga | A Guide to Effective Digital Marketing Tactics in Private Practice | TPOT 320
The Practice of Therapy Podcast with Gordon Brewer
Kristie Plantinga is a mental health nerd, writer, and marketer living in Colorado. She is the founder of TherapieSEO—a marketing agency serving therapists and coaches—and —a therapist directory that vets therapists so therapy-seekers can focus on fit, not quality. When she’s not writing about mental health and dreaming up creative content strategies, Kristie can be found snuggling her multiple terriers, sipping a homemade dirty chai, and half-helping her husband cook Lebanese food. This episode is all about navigating the evolving landscape of digital marketing. Kristie emphasizes the...
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Malka Shaw | Combating Anti-Semitism: Strategies for Therapists in Private Practice | TPOT 319
The Practice of Therapy Podcast with Gordon Brewer
Malka is a Licensed Clinical Social Worker in New Jersey, New York, and Florida. She has been in the mental health field for over 25 years and has successfully run her private practice for the last 15 years. In response to the events of October 7th and the ongoing situation, Malka Shaw, LCSW and Stacey Shapiro, LCSW, have co-founded the Kesher Shalom Project. This initiative, led by seasoned trauma specialists, has trained over 2000 therapists globally. Their training equips therapists with vital tools to aid Jewish clients during the conflict, covering trauma assessments, practical...
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Jason Frishman | Presence and Mindfulness: Balancing Work and Family | TPOT 318
The Practice of Therapy Podcast with Gordon Brewer
has been working for over 20 years to support individuals, groups, families, organizations, and businesses. Jason is excited to bring over two decades of work in offices, institutions, kitchens, farmers’ markets, woodlots, and boardrooms to wild new environments. Whether as a psychotherapist, the creator and founder of JourneyMen, public speaker, thought leader, or narrative consultant, Jason believes that our lives are adventurous, and we can and should be active, engaged authors of our own adventure stories! In this episode, Jason critiques the societal norms that suppress male...
info_outlineIn this episode, Gordon and Julie Herres from GreenOak Accounting talk about taxes. Being a private practice owner comes with a unique set of financial advantages and disadvantages. Self-employment is a whole lot different than being an employee – many private practice owners are not prepared for the change. Stay tuned to hear Julie discuss why you may want an accounting firm managing your money monthly and the importance of knowing your numbers. Don’t forget to reserve your spot for the upcoming FREE webinar: Private Practice Owners: Mistakes To Avoid For A Stress-Free Tax Season.
Meet Julie Herres
Julie Herres is the owner of GreenOak Accounting. The firm provides bookkeeping, accounting, CFO and tax services to mental health private practice owners throughout the United States. When Julie founded GreenOak Accounting she started working with a few therapists. Over time, more and more therapist referrals came in and she started noticing trends across the practices that were thriving. Based on those trends she developed success ratios as a way to quickly determine the health of a practice.
Today, GreenOak Accounting’s focus on mental health private practice is intentional and geared towards helping business owners understand the story that their numbers are telling. Julie understands what’s involved in managing and growing a practice and is uniquely positioned to be a trusted advisor to clients.
Self-Employed
Being a business owner is one of the most significant opportunities, income-wise and tax-wise. There’s a big difference between being an employee and being a business owner. When you’re an employee, you’ll get a W-2 or 1099, a lot of the tax work is already done for you. As a business owner, there are many items you can deduct and savings opportunities out there. You need to keep track of what is going on in your business to prepare for taxes or a potential audit.
DIY Taxes
You may want to do your taxes if you just started your business, and you have minimal income. Another reason you should do your own taxes is if you are very comfortable with your numbers and know your finances like the back of your hand. For most business owners, doing your taxes may not be worth it – there are risks involved in doing your taxes incorrectly. If you have a more complex business structure, typically, you will want to outsource your taxes.
Find an Accounting Professional
Now is the perfect time to find someone you want to work with. Accountants are going to start getting very busy. You should find someone that is the right fit for you. Dave Ramsey says to find someone who has the heart of a teacher. Most therapists do not have an accounting background; there is a lot of stress that comes around finances. Find an accountant who isn’t going to make you feel like you asked the wrong question and find someone who will be patient with you. Make sure they are trustworthy and are capable of making you feel comfortable.
Monthly Accounting
Some accountants will help you with your monthly accounting. Julie says it helps them advise the business owner year-round. When you see your accountant once a year, there are a lot of missed opportunities. Monthly accounting doesn’t work for everyone – many people are happy to do the yearly tax accounting.
Money Shame
People hold back because they are embarrassed by their financial situation. Business owners might be worried that they are being compared to other people who may have more financial means than they do. When someone works with Julie, there is no judgment. Julie and her team know what habits are successful for private practice owners – she can offer different perspectives and useful information based on their experiences.
Understanding Your Numbers
You shouldn’t be making less money as a group practice owner than as a solo practice owner. You need to know where the money is coming from and where it is going. At one point, Gordon paid his therapists out of his pocket, whereas his therapists should be making enough to cover their costs and then some. The end of the year is a great time to analyze your data and find places to decrease expenses and increase profitability. Should you get rid of the insurance panels that may not be producing for you? It’s essential to be knowledgeable about your numbers.
Being transparent… Some of the resources below use affiliate links which simply means we receive a commission if you purchase using the links, at no extra cost to you. Thanks for using the links!
Julie’s Resources
Call GreenOak Accounting: (571) 208-2065
Julie’s LinkedIn
Other Resources
Private Practice Owners: Mistakes To Avoid For A Stress-Free Tax Season
Private Practice Start-Up Guide
Money Matters in Private Practice
Cool Resources
Session Note Helper
G-Suite For Therapists
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Meet Gordon Brewer, MEd, LMFT
Gordon is the person behind The Practice of Therapy Podcast & Blog. He is also President and Founder of Kingsport Counseling Associates, PLLC. He is a therapist, consultant, business mentor, trainer, and writer. PLEASE Subscribe to The Practice of Therapy Podcast on iTunes, Stitcher and Google Play. Follow us on Twitter @therapistlearn and Pinterest “Like” us on Facebook