Accountant for Psychologists Blog Posts

Get Ready for EOFY NOW with the right questions for your accountant

Don’t wait til the End of Financial Year to talk to your accountant. By then, many of the tax-saving opportunities are gone. Here are the key questions we recommend asking your accountant now to help you plan ahead and keep more of what you earn.

YOU NEED A CONTINGENCY PLAN

If you run your own psychology practice, it’s important to think ahead about what would happen to your business and your clients if you were suddenly unable to work due to illness, incapacity, or death.

Paid Parental Leave Superannuation Update

Superannuation Will Be Paid on Government PPL From July 2026 , super contributions will be made on government-funded parental leave...

Spring Clean your Business Finances for Psychologists

Spring is the perfect time to reset and refresh. If you're a psychologist in private practice, a tidy-up now can set you up for a smoother, more profitable end to the year.

HIRING YOUR FIRST EMPLOYEE - WITH CHECKLIST

HIRING YOUR FIRST TEAM MEMBER? Here's what to consider Taking the leap from solo practice to bringing on your first employee is a big...

TAX DEDUCTIONS FOR SELF EDUCATION FOR PSYCHOLOGISTS

Investing in Yourself - Tax Deductions for Self Education for Psychologists As a psychologist, staying up to date with the latest...

HOW TO BE ABSOLUTELY PREPARED FOR YOUR TAXES

1. Create a Separate Bank Account for Tax Money Setting up a dedicated bank account for your tax savings can help you keep track of how...

KEEP BUSINESS & PERSONAL EXPENSES SEPARATE

Here are three really good reasons to make sure your business and personal money is kept separate. Tax Compliance Separating business and...

How to set Goals for your Psychology Business

Setting goals for your psychology business is key to ensuring growth, stability, and long-term success. Here’s a step-by-step guide to...

Making a Website for your Psychology Business

The first thing a potential client will do is to google you, and if you have a website and a LinkedIn profile you’ll be in total control...

5 Tips to Simplify Bookkeeping

Bookkeeping is an essential part of running a successful business. It’s more than just keeping the score, it’s about having access to...

A Waiting List for a Psychology Business - 8 things to consider

Providing timely and effective mental health services is crucial for the well-being of clients. However, due to the high demand for...

What exactly is a BAS statement?

A Business Activity Statement (BAS) is a form that businesses in Australia are required to submit to the Australian Taxation Office (ATO)...

Professional Indemnity Insurance for Psychologists

Professional Indemnity Insurance (PII) protects you and your business against claims for alleged negligence or breach of duty arising...

How to change your accountant in 4 simple steps

Making the decision to change accountants can be a significant step for a business. But rest assured, it's a common practice and a...

6 ways Psychologists can Manage Risk

When running a service-based business like a psychology practice, managing risk is crucial to protect yourself and your clients. Here are...

Key Considerations for Psychologists Choosing Accounting Software

As a business owner, you already have a lot on your plate, juggling different roles within your company. One important role that cannot...

What to do if a psychology client doesn't pay their fees?

The most satisfactory way to deal with this is by putting preventative measures in place to prevent it from happening! Prevention From...

5 Rules for Tax Record Keeping

A record explains the tax and super-related transactions conducted by your business. There are five record-keeping rules based on law and...

6 Essential Tips for Psychologists Choosing Record-Keeping Software

1. Ease of use: Choose software that is user-friendly and easy to operate. Look for software that has an intuitive user interface,...

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