The Practice of Therapy Podcast

Yonasan Sanford | Avoiding Tax Pitfalls in Private Practice | TPOT 339


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With over ten years of experience in small business accounting, advising as well as tax planning and preparation, Yonasan is passionate about helping small business owners in the mental health profession to grow their businesses and save money.

In the fall of 2022, he fulfilled a long-time dream and moved with his family to Israel. That being said, he’s still fiercely loyal to his native Seattle sports teams and has strong roots in the Pittsburgh area after living there for over 12 years and starting and growing his business with local Pittsburgh clients. Today, he works remotely from Israel, serving clients all across the United States. When he’s not working, you’ll find Yonasan exercising, exploring the amazing country of Israel, and spending time with his wife and five kids.

Join us on this episode of the Practice of Therapy Podcast as Yonasan dives into crucial tax strategies for mental health practitioners. He covers common pitfalls, such as the importance of forming an LLC from the start and the complexities of transitioning to an S corporation. Yonasan also demystifies S corps, explaining how they can significantly reduce self-employment taxes while highlighting the necessary administrative considerations. With valuable insights into tax-saving techniques and real-world examples, this episode is packed with practical advice to help practitioners optimize their financial strategies and avoid costly mistakes. Don't miss out on these essential tips to enhance your practice's financial health!

Resources Mentioned In This Episode:

  • Read the full show notes here
  • Yonasan's Website
  • Yonasan on LinkedIn
  • Free Call with Yonasan
  • Use the promo code "GORDON" to get 2 months of Therapy Notes free
  • Start Consulting with Gordon
  • Send me the FREE Podcasting Roadmap PDF
  • The PsychCraft Network
  • The Practice of Therapy Community
  • Instagram Mental Health Templates
  • Mental Health Wear

 

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