Tired of tax season eating into your hard-earned revenue? If you run a psychology practice, you already know it’s not just about filling out forms—it’s insurance reimbursements that never arrive when you need them, self-employment taxes that pile up faster than expected, and sometimes even multi-state headaches if you’re offering teletherapy. 


At Straight Talk CPAs, we step in, so you don’t have to figure it all out alone. We help psychologists cut down their tax burden, keep more of what they earn, and plan ahead with strategies built for the way practices actually work.

Tax Planning for Psychologists

Why Tax Planning Works Differently for Psychologists

Running a practice is unpredictable. Some months are full, others drop off. Add in last-minute cancellations, shifting schedules, and the odd teletherapy client in another state—it’s a different game than running a “standard” small business. That’s why we don’t hand you a generic checklist.

We build a plan around the way your model works:

Maximizing Deductions

Therapy chairs, continuing education, clinical software, professional dues—every piece counts. We look for deductions that go beyond the obvious, the kind of details you might not have time to dig up yourself.

Choosing the Right Structure

A sole prop, LLC, or S-Corp can all work… but one of them probably works better for your situation. The wrong choice could quietly cost thousands. We help you pick (or adjust) the setup that makes financial sense.

Keeping Cash Flow Predictable

Nobody likes a tax bill that shows up bigger than expected. With quarterly planning and smart forecasting, you’ll know what’s coming long before it hits.

Straight Talk CPAs Advisory Services That Match Your Practice

Taxes aren’t a once-a-year scramble—they’re something you manage throughout the year. We keep that front and center.


  • Year-Round Tax Planning: Proactive support ensures you’re always ahead of deadlines.

  • Self-Employment & Payroll Taxes: Whether you’re solo or managing a group, we make it less of a grind.

  • Multi-State & Teletherapy Compliance: Virtual sessions don’t have to turn into legal nightmares.

  • Credits & Incentives: Relief programs, small-business credits, industry-specific deductions—we help you claim what’s yours.

  • Depreciation & Write-Offs: Office furniture, laptops, new therapy tools—if it helps your practice, it may help your taxes.

Tech-Driven, Stress-Free Tax Planning

Strategic Tax Planning shouldn’t feel like pulling teeth. We use tech to make it simple, so you can stay focused on your clients.

A magnifying glass with a clock and a graph on it.

Real-Time Projections: See your numbers early instead of holding your breath until April.

A black and white icon of a clock and a dollar sign.

Automated Expense Tracking: No more digging through a pile of faded receipts.

A black and white icon of an envelope with a padlock on it.

Secure Digital Filing: Upload and sign through an encrypted portal—fast and safe.

Why Psychologists Trust Straight Talk CPAs

  • We Speak Your Language: We understand insurance reimbursements and teletherapy quirks.

  • No One-Size-Fits-All: Your practice gets a custom plan, not a recycled template.

  • Proactive Guidance: We solve problems before they hit your desk, not after.


What Our Clients Say

"Before I worked with Straight Talk CPAs, I dreaded April. I was sure I was missing deductions, and the cash flow swings were brutal. They built a system that not only saved me thousands but also provided me with peace of mind. Now tax season is just another task, not a crisis."

— Dr. Samuel Greene, Licensed Psychologist


Ready to Get Ahead of Taxes?

Stop leaving money on the table. A tailored plan can help your practice save, stay compliant, and stress less. Get in touch today, and let’s map out a tax strategy that works year-round—not just once a year.

FAQs

  • What makes tax planning for psychologists unique?

    Coaches often deal with fluctuating income, multiple revenue streams, and business expenses that overlap with personal spending. Specialized accounting ensures your finances are organized, compliant, and optimized for growth.

  • Does tax planning matter if I’m a solo practitioner?

    A virtual CFO gives you big-picture financial strategies—cash flow planning, forecasting, and growth guidance—without the cost of hiring a full-time CFO. It’s like having a financial partner who helps you make confident business decisions.


  • How do you find deductions and credits?

     Depending on your situation, you may be able to deduct expenses like office space, professional development, marketing, travel, and even part of your home office. We help identify every eligible deduction to minimize your tax bill.


  • Do I really need to worry about taxes if I see clients in multiple states?

     Yes. Multi-state rules can apply even if you only see a handful of patients virtually. We make sure you stay compliant without overpaying.


  • How is year-round planning better than filing at the end of the year?

    Filing is reactive; planning is proactive. By tracking income and expenses as they happen, we reduce stress and often lower your total bill.