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

How to Develop a Healthcare Inventory Management System

Dear Dangerously in Love with Your Finances, I am the owner of a Seattle alternative medicine practice. I employ myself (a naturopathic doctor), one medical assistant, and one patient coordinator. Not only do we provide medical services, we also sell supplements. The inventory of supplements has been an issue; usually, patients leave with 3-4 bottles … Read more

12 Expenses to Know for Your Behavioral Health Business Plan

Dear Dangerously in Love with Your Finances, I am a marriage and family behavioral health therapist in Seattle Washington. After working at a behavioral health group practice for ten years, I decided to take a leap of faith, work for myself, and open my own practice. As a new business owner, I am eager and … 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

Should I Outsource My Healthcare Accounting & Bookkeeping?

Dear Dangerously in Love with Your Finances, I am a Licensed Professional Counselor and Certified Group Psychotherapist in Lakewood, Texas, specializing in group therapy. I am having difficulty getting my bookkeeping and accounting in order. It is so much easier just looking the other way – out of sight, out of mind. I have never … 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

Are Employee Benefits Tax Deductible at my Florida Spa?

Dear Dangerously in Love with Your Finances, We are a luxury spa in Fort Myers FL specializing in massage therapy and esthetics. It’s important that our licensed estheticians and massage therapists always look and feel their best, as their appearance represents the spa. I would like to offer the same spa services to our employees … 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

Can I afford to expand my pet grooming business?

Pet Grooming Business

Dear Dangerously in Love with Your Finances, We are a pet grooming business located in Colorado. I started this business 4 years ago by myself, and now we have four staff employees. Next year, I would like to expand our business model with additional services such as dog walking, dog daycare, and dog training. I … 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