Best all-in-one accounting software for Therapists (2023) | mesha
All-in-one finance platform for accounting, bookkeeping, taxes and payroll for therapists
Why therapy practice owners love mesha
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780+
Hours saved on accounting, bookkeeping and financial admin tasks
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$15000/year
saved on bookkeeping and tax fees
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100%
accurate financial insights
Financial powerhouse for your therapy practice
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Accounting
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Bookkeeping
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Taxes
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Payroll
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Invoicing
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Legal
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Expenses
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Reporting
Intelligent accounting software for modern therapists
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Expenses
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Supercharge your therapy practice’s growth and close your books 3X faster
Expert bookkeeping customized for your therapy practice
Managing a therapy practice involves distinctive financial intricacies. Our proficient team of bookkeeping and financial experts is committed to delivering custom-tailored solutions designed to address the unique financial needs of your practice. Whether you're a solo therapist or part of a group practice, we possess an in-depth understanding of the financial aspects specific to therapy practices. We are well-prepared to efficiently manage your financial records and help you navigate the financial challenges of your therapy practice.
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Trusted tax management and filing for therapists
Tax Management Software
  • Automated tax calculation for sales, payroll and federal
  • Reminders on taxes and compliance filing
  • Tax ready reports with P&L, expenses and balance sheets
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Tax Prep and Filing
  • Instant access to top tax consultants for therapy practices
  • Proficient counsel on therapy practice specific tax frameworks and tax-efficient strategies
  • Minimizing tax liabilities and maximizing deductions
  • Stay up to date on dynamic tax laws and regulations impacting the healthcare industry

Tax related FAQs for therapists

Do I need to pay taxes as a self-employed therapist?

Yes, if you're a self-employed therapist, you are generally responsible for paying self-employment taxes, which include Social Security and Medicare taxes. You'll also need to file income tax returns.

You can often deduct business-related expenses, such as office rent, utilities, office supplies, and professional development. Additionally, expenses related to marketing, insurance, and client management software may be deductible.

To know more about tax deductions for a therapy practice, read here: 10 tax deductions for therapists

It's crucial to maintain organized records of your income and expenses. Using accounting software or a dedicated filing system can help you track your financial transactions effectively.

If you have a dedicated space in your home used exclusively for your therapy practice, you may be eligible for a home office deduction. However, there are specific IRS guidelines to follow.

Self-employed therapists are generally required to pay estimated quarterly taxes to cover income and self-employment tax liabilities. Failure to pay quarterly taxes may result in penalties.

While you may not receive income for pro bono services, you may still be able to claim deductions for certain expenses related to offering free or reduced-fee therapy, such as mileage or office supplies. Check with a tax professional for specific guidance.

Making payroll painless for therapists

Our comprehensive payroll features help make payroll management super simple.

Stay compliant with mesha
  • Off Cycle payroll and flexible payment schedules

  • Next day direct deposit

  • Payroll Deductions and Garnishments

  • Overtime and reimbursement calculations

  • Payroll and taxes across multiple states

  • Payroll for FTEs, contractors and freelancers

Payroll taxes and compliance

We take care of taxes and compliance to adhere to the local regulations and government declarations.

Stay compliant with mesha
  • Automated tax calculation

  • Tax filing and reporting

  • Tax codes and regulation updates

  • Multi jurisdiction compliance

  • Tax liability tracking

  • Work Classification Compliance

  • SUI Reporting

  • Wage Garnishments and Deductions

Want to start a private therapy practice, but don’t know how to go about it?
Build a foundation of financial success with mesha