The Body of Accounting Blog

Financial Advice

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.

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Spa

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

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uncollectible revenue
Alternative Medicine

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

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Pet Grooming Business
Pet Grooming Business

Can I afford to expand my 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

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Financial Advice

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

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Yoga

Combining Cash Flow and Discount in my Yoga Studio

Dear Dangerously in Love with Your Finances,  Our yoga studio, based in Jersey City, believes in holistic health -connecting, repairing, and reenergizing the entire body. For five months during COVID-19, we offered a 15% discount on our Yoga 101 classes. Our intent was to help the community with rejuvenating their

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mental health practice
Mental Health Practice

Are you losing money in your mental health practice?

Dear Dangerously in Love with Your Finances, We are a mental health practice located in Dallas, Texas, with in-house counselors, psychologists, and psychiatrists on staff. I am one of three partners who acquired the mental health and counseling center two years ago. I recently started digging deep into the business

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Financial Advice

Why Is My Net Income Different from My Bank Balance?

Dear Dangerously in Love with Your Finances, We are a private mental health practice located in Oklahoma City; we specialize in addiction to alcohol and drugs. Every month, as the owner, I review the profit and loss statement — it always shows a large profit. However, when I look at our business bank balance, the numbers

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Massage Therapist

Should I Use Accounting Software?

Welcome to Financial Chit Chat with Lozelle: A massage therapist from Oregon ask – should I use an accounting software for my new massage therapy business?

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