How to Fit in Time for Self-Care as a Wellness Professional

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 health specialists to provide holistic … Read more

3 Tips for How to Survive Inflation

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 many small businesses, our enrollment … Read more

How a Healthcare Accountant Can Make Tax Season Stress-Free

Dear Dangerously in Love with Your Finances, I am the owner of a luxury spa in Kansas City MO. We provide a variety of restorative wellness therapies that nurture, heal, and restore the bodies and minds of our clients. This is the fourth year that we have been in practice. Since I had previous experience … Read more

Uncollectible Revenue

uncollectible revenue

Dear Dangerously in Love With Your Finances, We are a 3 year-old, insurance-based naturopathic family medicine practice located in Oregon. Our staff includes an office manager, a medical assistant, and me. We also have an outside medical billing service taking care of our billing. We have quite a large dollar amount of billing – in my … Read more

Having Money Ready for Quarterly Tax Payment

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 enough to pay my quarterly … Read more

Answers to the 5 Top Money Questions of Small Business Owners

I’ve answered hundreds of small business accounting questions this year from clients, consults, and through this blog. Instead of responding to a finance query from an entrepreneur this week, I wanted to address some of the biggest issues I’m asked.

Being a business owner is one of the most rewarding jobs in the world, but it’s not for the faint of heart. There is no instruction manual to run your company. It requires research, stamina, support, and confidence.

4 Easy Steps to Manage Your Recurring Expenses Like A Pro

4 Easy Steps to Manage Your Recurring Expenses Like A Pro

Part of the beauty of creating a budget is that it requires you to take a look at all of the financial aspects of your company. Those expenses that you say surprised you? Be sure to track the item, amount, and vendor. Having this data will arm you for the future.

5 Steps to Holiday Health for Your Wellness Business

5 Steps to Holiday Health for Your Wellness Business

Stephanie leaped at the opportunity to become a spa owner. In her excitement, in getting up and running, she never opened a business checking account and used her personal checking account to operate her massage spa.

It wasn’t intentional, she was going to do it, but one day lend into weeks, which lend into months, which lend into the end of the year.

When tax time approached, Stephanie needed to get financial statements and financial documents to her tax accountant, she couldn’t remember who the purchases belonged to. Were these purchases and deposits personal or were they for the spa?

10 Ways To Get A Holiday Break For Your Business

10 Ways To Get A Holiday Break For Your Business

There is so much going on at all times in our lives, and that intensifies at the holidays. We never have enough time for family. There’s rarely the opportunity to take care of ourselves. If you don’t make the time, it will never appear.

Sure, as business owners we rarely truly get time 100% off. There are always small things to attend to, or ideas that come to mind. But if your business slows down over the holidays, then so should you.

In order to make this possible, but start making your plan now and expect to have several longer days than usual to ensure that you’ve attended to the necessary details.