Can therapists write-off unpaid invoices?
One of the more frustrating challenges is dealing with unpaid invoices. For therapists, independent contractors, and other small business owners, unpaid invoices can significantly impact cash flow and business sustainability. But what you might not know is that some unpaid invoices can be written off as tax deductions. This post aims to clarify whether therapists can write off unpaid invoices and how to do so.
Accountants For Therapists – Therapist Biz Pro by vbCPA
Welcome to Therapist Biz Pro by vbCPA, your dedicated partner in the financial well-being of therapists. We specialize in comprehensive accounting and tax services tailored specifically for physical, occupational, speech, and mental health therapists. Our offerings include year-end tax filing, proactive tax planning, monthly accounting, and fractional controller services to ensure your practice remains compliant and financially optimized.