For Therapists & Wellness Practitioners

We understand private practice

Tax needs change as your practice grows. Whether you're just starting a side practice or running a growing group, TheraTax provides tax support tailored to the realities of private practice—without assumptions about your entity, licensing, or eligibility.

A male therapist sitting at his desk in a private practice office, holding a tele-session video call with a patient
Practice Stages

How tax focus shifts as you grow

General considerations for each stage—not assumptions about your specific situation, entity, or eligibility.

1Employed professional

Understanding W-2 income, side-income reporting, and when tax planning begins to matter.

2Side practice

Separating business income and expenses, estimated tax basics, and recordkeeping foundations.

3Solo private practice

Entity considerations, retirement plan options, deduction strategy, and proactive planning.

4Established private practice

Compensation planning, year-end projections, and aligning tax strategy with growth goals.

5Group practice

Multi-provider considerations, payroll, and structural tax questions as the practice scales.

6Practice owner with employees/contractors

Hiring vs. contractor decisions, payroll tax obligations, and multi-entity planning.

Private-Practice Challenges

Common tax questions we help with

Should I form an entity for my practice?

How do I handle estimated taxes?

What can I legitimately deduct?

How do I pay myself from my practice?

What retirement plan fits a solo practice?

How do taxes change when I hire help?

What if I have unfiled prior-year returns?

How do I respond to an IRS notice?

How do I coordinate bookkeeping and taxes?

Your practice stage shapes your tax strategy.

Let's talk about where you are—and where you're going.

General information on this website is not individualized tax, legal, or financial advice. Outcomes depend on your specific facts and eligibility.