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Self-Employment Tips

You will pay taxes according individual tax rates on the following schedule:

January 1 through March 31 
 April 15
 
April 1 through May 31 
 June 15
 
June 1 through August 31 
 September 15
 
September 1 through December 31 
 January 15
 

Many therapists create separate savings accounts to save money for tax payments.

You may want to talk to your CPA about appropriate deductible business expenses with receipts including:

  • Mileage – keep odometer readings on a daily basis
  • Liability Insurance
  • Office Supplies
  • Therapy Equipment
  • Continuing Education
  • Additional Deductible Expenses
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