Who We Serve
Accounting & Tax Support for Mental Health Practices
Running a private practice comes with more than serving clients. You also have to manage taxes, bookkeeping, payroll decisions, owner compensation, and the financial side of growth.
FirstChoice Tax Advisors helps therapists, counselors, and practice owners stay organized, plan ahead, and make better financial decisions throughout the year.
Schedule a ConsultationBuilt for the Financial Side of Private Practice
Whether you are working independently or growing a group practice, your financial needs often become more complex as revenue increases.
We help practice owners understand what they are earning, what they should be setting aside for taxes, and how business decisions may affect both the practice and their personal tax situation.
How We Help
Bookkeeping & Financial Reporting
Keep your books organized and current so you can understand how your practice is performing and make decisions using reliable information.
Quarterly Tax Planning
We review your financial activity, project your tax position, and help determine appropriate federal and state estimated tax payments.
S Corporation Planning
As your practice grows, we can help evaluate whether an S corporation election may make sense and provide guidance around reasonable compensation, payroll, and distributions.
Tax Preparation
We coordinate your business and individual tax filings so the tax return reflects the full financial picture.
Year-Round Advisory
Get guidance throughout the year on tax planning, owner compensation, retirement contributions, hiring, cash flow, and other financial decisions.
Who We Typically Work With
- Solo therapists and counselors
- Licensed mental health professionals
- Private practice owners
- Group practices
- S corporation practice owners
- Growing practices preparing to hire or expand
Common Questions We Help Answer
- How much should I set aside for taxes?
- Should I elect S corporation status?
- How should I pay myself?
- Can I deduct this expense?
- What should I review in my financial statements?
- Can I afford to hire another clinician?
- How much should I contribute toward retirement?
A More Proactive Approach
You should not have to wait until tax season to find out how your practice performed or what you owe.
Our approach connects bookkeeping, tax planning, and advisory so you can make decisions throughout the year with better information.
Ready to Get the Financial Side of Your Practice Organized?
Let's talk about where your practice is today and what kind of accounting and tax support would make the biggest difference.
Schedule a Consultation
