Navigating Taxes and Retirement: Tips for Mental Health Professionals- Part 3
Though the Federal Tax Day only comes once per year, there are multiple records to be kept and payments to be made throughout the year to make sure therapists are compliant with state and federal tax law.
In this third installment of the series, we again join Certified Public Accountant Austin Murray of Millennial Accounting as he explores logging deductions and tax record retention. In this video, Austin will discuss:
-Common deductions self-employed therapists may be able to write off on their taxes, including home offices and personal therapy
-Tips for logging mileage traveled for work
-Record retention regulations for federal tax documents
Before watching the video above to hear more about these topics, be sure to check out our first two videos here. Then, click here to learn more about Austin’s firm, Millennial Accounting and stay tuned to the Oklahoma Counseling Institute for part 4 of this series.