Heard Tax Expert Breaks Down all Things S Corp for Your Practice

Heard Tax Expert Breaks Down all Things S Corp for Your Practice

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This is the third video of this series featuring Andrew Riesen, co-founder and CEO of Heard Bookkeeping and Tax. Heard specializes in all things accounting and tax, and works specifically with mental health professionals.

In this video, Andrew addresses all things S Corps when it comes to private practice.

Disclaimer: The opinions and information shared in this video are not to be used in place of the advice of a professional. Andrew is not actively licensed as a CPA (he's opted to focus on building awesome accounting startups). The Heard team has many amazing actively licensed CPAs on their team :)

Watch our full interview covering all your burning accounting-related questions:
   • Ask the Expert: Prepare Your Practice...  

S Corp Calculator:
https://docs.google.com/spreadsheets/...

How do I switch from a sole proprietor to an S Corp: https://www.joinheard.com/blog/how-do...

What are some tax basics I should know as an S Corp: https://www.joinheard.com/blog/what-a...

What are some tax basics I should know as a Sole Prop: https://www.joinheard.com/blog/what-a...

00:00 Intro
01:46 What is a Sole Proprietor?
04:49 LLC, PLLC, and Professional Corporations
05:42 Why Form a Business Entity?
06:51 Benefits of S Corp
08:01 When to Become an S Corp
11:19 Steps to Become and S Corp
14:31 Differences Between S Corp and LLC
16:15 Closing Thoughts

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This video is geared for therapists of all kinds, including psychologists, MFTs, LPCCs, social workers, and others in the clinical counseling field.

Welcome to Private Practice Skills! I’m Dr. Marie Fang, psychologist in private practice. I post videos offering tools I learned the hard way about starting and growing private practice so that you don’t have to.

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This video is not intended as professional or legal advice. Be sure to seek the services of a professional if you are in need of them.