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Business Fundamentals For Wellness Professionals

$97.00

Running a therapy or wellness practice in New York comes with unique legal, tax, and administrative responsibilities—and most graduate programs never cover them.

This on-demand training is a comprehensive, plain-English walkthrough of the core business fundamentals every therapist and wellness professional in NY should understand. Whether you’re just starting out, growing a solo practice, expanding your group practice, or considering your next structural move, this course was designed for people just like you.

Designed specifically for licensed clinicians, private practice owners, and wellness professionals in NYC and throughout New York State, this video helps you make informed decisions, avoid costly mistakes, and build a practice that’s both compliant and financially sustainable.

Running a therapy or wellness practice in New York comes with unique legal, tax, and administrative responsibilities—and most graduate programs never cover them.

This on-demand training is a comprehensive, plain-English walkthrough of the core business fundamentals every therapist and wellness professional in NY should understand. Whether you’re just starting out, growing a solo practice, expanding your group practice, or considering your next structural move, this course was designed for people just like you.

Designed specifically for licensed clinicians, private practice owners, and wellness professionals in NYC and throughout New York State, this video helps you make informed decisions, avoid costly mistakes, and build a practice that’s both compliant and financially sustainable.

What You’ll Learn

In this training, we cover:

  • Getting started as a sole proprietor

    • Required registrations and when to obtain an EIN

    • What you’re actually required to file at tax time

  • Taxes for self-employed wellness professionals

    • Federal, state, and city taxes that apply (including self-employment tax and NYC Unincorporated Business Tax)

    • Common and often-missed business deductions

    • Advanced deductions such as the home office, self-employed health insurance, HSA contributions, and retirement plans

  • Choosing and forming a business entity in NY

    • When it makes sense to move beyond a sole proprietorship

    • PLLC vs. PC for licensed professionals in NY

    • Legal, tax, and administrative pros and cons of each

  • S-Corporation elections

    • When an S-Corp election may (or may not) be appropriate

    • Benefits, costs, and requirements of becoming an S-Corp

    • How the election works and what changes after you make it

    • Ongoing compliance, payroll, and filing responsibilities

  • Hiring employees vs. independent contractors

    • When a worker can legally be a 1099 contractor vs. must be W-2 employee

    • Costs, taxes, and compliance differences

    • Filing requirements, deadlines, and common NY-specific pitfalls

  • Bookkeeping essentials

    • Why bookkeeping matters beyond “tax time”

    • A practical monthly bookkeeping workflow for small practices

  • Paying yourself & issuing 1099s

    • How owners pay themselves based on entity type

    • When 1099s are required to be issued and which forms to file

  • Critical NY and federal deadlines

    • Business and individual tax return due dates

    • NY-specific filings such as the annual IT-204LL filing and PTET returns

    • Quarterly estimated tax deadlines for individuals and businesses

Who This Is For

  • Therapists, psychologists, social workers, and other wellness professionals in NYC and NYS

  • Solo practitioners and group practice owners

  • Clinicians who want clarity—not confusion—around taxes, compliance, and entity formation

This training is educational, practical, and action-oriented, giving you the foundational knowledge you need to run your practice like a business—without losing sight of your clinical work.