Tax Advice for Therapist

In my previous life as an accountant, this time of year was a busy time of year for accountants. I trained as an accountant in an accountancy practice. Many an accountant would work all hours to get returns done. It was a stressful time. Honestly, I could not wait until it was all over.

In 2009, when I lost my job as an accountant, these tax returns kept me going. I did a few tax returns for family and friends. I realised that to some, numbers and the tax system were alien to them. They were glad of the assistance.

When I knew I was getting redundancy for a second time. I attended a workshop for setting up a therapy practice. The workshop was fantastic, but when it came to the finance section, the elephant in the room was awaken. The anxiety and confusion of the preliminary system was visible. Therapists are great listeners, but no so good accountants.

So, having gone through the process of setting up my practice. I now have reached my fist preliminary tax year for Inner Voice.
Fortunately, I will be not be paying Preliminary Tax this year. Unfortunately, I will be paying for two tax years next year. Then it will be one tax payment on for future preliminary tax payments.

Confused by this statement?

If you are a Counsellor & Psychotherapist and have recently set up your practice and need guidance on how to a tax return, please call me at 086 082 0561 or email me dermot@innervoice.ie. As a member of the A.C.C.A. (Association of Chartered Certified Accountants), I’m more than happy to help you with your returns.

Of course, if you are not a Counsellor & Psychotherapist and still need tax advice, feel free to contact me at the above details.