Gross pay vs net pay: What’s the difference?

Using automated payroll software can help you streamline your payroll process. The IRS considers HRAs pre-tax benefits, also known as tax-advantaged benefits. With most pre-tax benefits, employers deduct the benefit from an employee’s paycheck before withholding federal taxes, reducing their taxable income liability. The FICA calculation is crucial since each employee’s pretax deductions can reduce […]

The Best Accounting Blogs and Podcasts to Stay in the Know

Bank reconciliations might be boring, but they’ll save your sanity at tax time. Here’s a full breakdown of the differences between Bench and DIY software. If your small business receipts are piling up, an expense tracker will help you stay organized and on top of your expenses. You became a therapist because you enjoy working […]

Bookkeeping and Taxes for Therapists

NYU’s Stern School of Business has one of the most reputable accounting programs in the nation. The program is known for its focus on financial bookkeeping for therapists and forensic accounting and research leadership. Marist College offers an accounting bachelor’s program that includes real-world experience. In 2021, The Department of Health and Human Services Office […]