Therapy For Your Money

Episode 143: My Experience, Insights, and Best Practices for Navigating a Department of Labor Audit


Listen Later

In this episode of 'Therapy for Your Money,' hosted by Julie Herres, the focus is on understanding Department of Labor (DOL) audits through the lens of a therapy practice owner. Julie shares her personal experience with a DOL audit in 2023, emphasizing the rarity of such audits for small businesses and outlining what triggers them. She provides a detailed account of the audit process, what the DOL investigates, and the kind of information they request, ranging from employee data to time and payroll records. Highlighting the challenges and emotions involved, Julie offers practical advice for handling audits, including the importance of EPLI insurance, rights during the audit, and the potential outcomes. The episode aims to prepare listeners for the unlikely event of a DOL audit, ensuring they're informed and protected.

Show Highlights

  • 00:00 Welcome to Therapy for Your Money
  • 00:49 Navigating a Department of Labor Audit: A Personal Journey
  • 03:52 Understanding the Scope of DOL Audits
  • 05:55 Preparing for and Responding to a DOL Audit
  • 10:20 Rights and Tips for Handling a DOL Audit
  • 12:33 The Importance of EPLI Insurance and Final Thoughts


Links and Resources

  • Episode 133: Contractor vs Employee: Understanding the new DOL rules
  • GreenOak Accounting - www.GreenOakAccounting.com
  • Therapy For Your Money Podcast - www.TherapyForYourMoney.com
  • Profit First for Therapists - www.ProfitFirstForTherapists.com
  • Profit First Academy - www.ProfitFirstForTherapists.com/Academy
  • Podcast Production and Show Notes by Course Creation Studio
...more
View all episodesView all episodes
Download on the App Store

Therapy For Your MoneyBy Julie Herres

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

49 ratings


More shows like Therapy For Your Money

View all
The Practice of the Practice Podcast | Where Modern Psychology Meets the Business of Therapy by Joe Sanok | Private Practice Consultant, TEDx Speaker & Author of Thursday is the New Friday

The Practice of the Practice Podcast | Where Modern Psychology Meets the Business of Therapy

335 Listeners

The StoryBrand Podcast by StoryBrand.com

The StoryBrand Podcast

1,934 Listeners

The Rachel Hollis Podcast by Three Percent Chance

The Rachel Hollis Podcast

16,697 Listeners

The Group Practice Exchange by The Group Practice Exchange

The Group Practice Exchange

91 Listeners

The Modern Therapist's Survival Guide with Curt Widhalm and Katie Vernoy by Curt Widhalm, LMFT and Katie Vernoy, LMFT

The Modern Therapist's Survival Guide with Curt Widhalm and Katie Vernoy

240 Listeners

Light Up The Couch by Clearly Clinical

Light Up The Couch

335 Listeners

Productive Therapist Podcast by Uriah Guilford, MFT

Productive Therapist Podcast

30 Listeners

Practice of the Practice: Grow a Group Practice Podcast by Practice of the Practice Network

Practice of the Practice: Grow a Group Practice Podcast

39 Listeners

Financial Feminist by Her First $100K

Financial Feminist

6,321 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,392 Listeners

Money Skills For Therapists by Linzy Bonham

Money Skills For Therapists

82 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,192 Listeners

The Business Savvy Therapist: Marketing, Hiring & Systems to Grow and Scale Your Therapy Practice by Nicole McCance

The Business Savvy Therapist: Marketing, Hiring & Systems to Grow and Scale Your Therapy Practice

73 Listeners

Dare to Lead with Brené Brown by Vox Media Podcast Network

Dare to Lead with Brené Brown

319 Listeners

Wise Practice Podcast by Whitney Owens

Wise Practice Podcast

64 Listeners