Dear Dangerously in Love with Your Finances, I am a new MedSpa manager in Phoenix, Arizona. My primary responsibilities as a MedSpa manager include not only leading and inspiring my staff of estheticians, but assisting the company in meeting its financial goals and objectives. This means analyzing and evaluating processes,
The Body of Accounting Blog
Dear Dangerously in Love with Your Finances, I am a psychiatrist and psychotherapist with a private practice in Colorado. My practice is fully staffed with five licensed professional counselors, three clinical social workers, and two full time psychiatrists. Our finances are in great shape (I believe due to the overwhelming
Dear Dangerously in Love with Your Finances, My husband and I recently purchased a medical building to open a psychiatry and therapy services practice in Columbus, OH. My husband is a marriage and family therapist, and I am a child and adolescent psychiatrist. Together, we plan to hire other behavioral
Dear Dangerously in Love With Your Finances, We are a dance and wellness studio that has been in business in Columbus, Ohio, for the past five years. The studio is located in the building that we own. Over the past few months, we have begun to witness increased enrollment. Like
Dear Dangerously in Love with Your Finances, Oops, I did it again!! I am a mental health provider – Licensed Marriage and Family Therapist – located in Austin, Texas. As a solo clinician not on the practice payroll, I keep getting into trouble with my taxes: I am not saving
We can’t be afraid of numbers. They’re all around us and the key to staying and growing iyour organization. Data equals facts, and knowing the truth about our business’ performance is the only way to get ahead.
We are a goal-oriented society, but I want to spend time talking about the part that is often skipped over: the unglamorous details of how you actually hit your financial goals.
EMRs do so much and are used for so many critical tasks in patient and practice management for those in the healthcare industry that confusion over their limits is commonplace. It’s software that can do a lot for you, but not everything.
What can’t it do? Your accounting, for one.
Too many people don’t understand the sacrifices, responsibilities, and risks they’re making when they take on a side hustle. It could be a financial disaster very, very fast. Just because it’s a side gig doesn’t mean that you don’t still have to do a lot of the same structure as a real business.
Extra income very literally comes at a cost. That’s not to say that you’re doing anything wrong, but there are tax considerations that you should know about sooner rather than later.