And some of the takeaways were, take a look and evaluate your actions, was the advice kind of discussed here. And decide if it’s in their words virtue signaling or if it’s truly making substantial difference or if it’s really substantive action. Yes, there are tax advantages and deductions for making big purchases like equipment, notably through depreciation. If you spend more than $2,500 on an item, you have the option to depreciate it, meaning you can spread out the deduction over several years or take it all in one year. However, be aware of certain restrictions, particularly with depreciating vehicles and their maintenance and repairs. These are all mandated and are different from what you choose to pay and the benefits you offer.
Massage manEdger
If I have bought Jojoba, it says massage product or massage supplies, pardon me. And when I bought my massage table, it went into massage equipment. If I buy paper clips, it is general office supplies.
Want An Easy Way To Manage Your Client Files?
That is what I have to say about Jane. So I am still excited for our new sponsor that we’re going to talk about here in just a second, Jane, a new practice management tool that we’re going to talk about. So this particular article is called, Is It Meaningful Action or is it Virtue Signaling?
How to Start a Massage Business: A Step-by-Step Guide
- The communities of the Bay Area recognize the effort we put in for them, and it shows.
- Besides our comprehensive practice management tools, Massage manEdger includes a professional clinic website.
- There are also the ABMP Massage and Body Work Magazine, which is an award-winning magazine included imprint for ABMP members.
- Welcome to the Massage Business Blueprint podcast, where we help you attract more clients, make more money, and improve your quality of life.
For invoices and bills and stuff that came, or receipts that came via email. And same thing like when receipts come in. If I’m not at the computer, I don’t have the minute to save it onto my desktop, I’ll flag it red. But any bill receipt invoice that comes in into my email box when I pay the bills when I’m doing my bookkeeping, I save it as a PDF to a desktop, to a folder on my computer desktop. In the way back times I would hand my professional tax preparer a literally written on a piece of paper kind of synopsis, here’s how much I took in doing massage.
Online Booking
The team of Jane cares a lot about the problems you face as a practitioner. One of those problems is a prevalence of no-shows and late cancellations. Within minutes I had a professional, beautifully designed website for my business. My clients seem really impressed that they can book their own appointments online and everyone appreciates the automatic email appointment reminders! I feel that this technology truly lends to the professionalism of the massage therapy profession.
Failing to reconcile books with your bank statements
Most massage businesses are structured as a sole-proprietorship or an LLC. With these business structures, earnings from your business are reported on your personal taxes. According to TK Barlow, if your business is profiting more than $60k annually, it’s time to talk to a professional about the benefits of becoming an S-Corp. Have questions about our online booking software?
Are you broadly comfortable with QuickBooks, but have one or two questions? You might be running into some sort of technical challenge or find a single function confusing. In this case, you don’t need training so much as you need post-adoption support. Give Better Bookkeepers a call, and we’ll answer all of your QuickBooks questions. Depending on your plans for using QuickBooks, Better Bookkeepers will train you accordingly.
So I’m never short on for office expenses. But we do like these kinds of screen shares and walking people through this in our premium community, which is something you may or may not want to check out, massagebusinessblueprint.com/mastermind. And I had a premium member message me yesterday with a couple questions about bookkeeping. And I was like, “Hey, you know what? We’re covering this tomorrow.” So we love this stuff. Heck, at MassageBook, bookkeeping just happens. We keep track of all your sales activity with detailed reports, and you can start accepting online payments in minutes with our seamless credit card processing integration.
And trust me, this is saying a lot, considering that I was a sales executive and consultant for 20 years, working with top 100 Canadian companies. The Better Bookkeepers aren’t just good at what we do, but we enjoy it. In the name of our reputation as first-rate Antioch bookkeepers, we strive to complete every job to the best of our ability. This means that your records won’t only be correct, but they’ll be simple and easy to understand. Providing our neighbors with a job well-done is why we get up in the morning.
So they’ve made it easy with a few simple tools built right into Jane to fix that. That includes the ability to implement an online booking payment policy, send out unlimited text and email reminders. And this is golden, enabling weightless management features to fill those last minute gaps that were not preventable. Because you know, that’s happening. These options not only enhance retirement savings but also offer tax advantages, aligning with effective financial planning. TK recommends scheduling a tax planning meeting for your business in June or July.
And I just want to bring it up so I can give you the exact title properly. How Solo MTs Can Pay Themselves a Wiving wage. It’s one of our better columns, I think. So if you’re like, “My, she sits down every week and pays herself, that’s insane.” We also have a podcast episode, episode 347 about why you should pay yourself.
So in the past 24 hours, one of our members, thanks, Leslie, invited us to take a look at the recent e-book that Allissa launched, the Communicating with Healthcare Provider’s book. And for some reason, something went wrong on it. I think we’re still trying to figure it out. This is exactly what I was hoping for. I’m glad you’re able to kind of step through all of the details and the steps of bookkeeping and hopefully make it less intimidating for those who maybe want to tackle it themselves. So I have two copies of that receipt, which is overzealous, but that’s how I am.
