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Accountants for Therapists - Best Psychologist Accountants

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Tim O

GoForma accountant

Accountants for Therapists

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Are you a therapist looking for specialized accounting services in the UK? Look no further! GoForma is here with expert accountants for therapists who understand the unique needs of therapists and psychologists. With our comprehensive range of accounting services tailored specifically for psychologists, psychotherapists, and counsellors, we ensure your financial peace of mind, allowing you to dedicate your time and energy to what you do best - helping reduce psychological distress and promote psychological well-being. Discover how GoForma can save you time and money by managing your therapy practice finances in one convenient place.

What Expenses Can Therapists Claim?

Tax allowable expenses lower your taxable income while supporting your business goals, below are the allowable expenses therapists can claim:

  • Rent for your private practice office
  • Office supplies and equipment
  • Professional liability insurance
  • Continuing education and training expenses
  • Marketing and advertising costs
  • Membership fees for professional organizations
  • Utilities and maintenance expenses

Partnering with an experienced accountant ensures a seamless process for claiming deductions on your tax return. Say goodbye to financial headaches and give yourself the gift of enough time to focus on your clients.

How Psychotherapists Can Benefit from Having an Accountant:

Having a dedicated psychologist accountant for your therapy practice offers numerous benefits, including:

  • Time and Focus: By entrusting your accounting needs to professionals, you can devote more time and energy to your clients and the growth of your practice.
  • Accurate Financial Records: A qualified therapist accountant ensures precise record-keeping, reducing the risk of errors and providing a solid foundation for financial decision-making.
  • Tax Compliance: Stay compliant with ever-changing tax regulations and avoid penalties by relying on accountants who specialize in therapist accounting.
  • Optimized Tax Savings: Expert accountants identify tax deductions and allowances specific to therapists, ensuring you take advantage of all eligible tax benefits.
  • Financial Planning: Accountants provide valuable insights into your practice's financial health, helping you make informed decisions, set goals, and plan for the future.

Why Choose GoForma to Hire Accountants for Therapists:

  1. Expertise in Therapist Accounting: GoForma specializes in providing accounting services exclusively for therapists, ensuring we understand the unique financial needs and challenges you face in your practice.
  2. Peace of Mind: Our team of experienced accountants for therapists ensures accurate financial records, compliance with tax regulations, and timely filing.
  3. Personalized Approach: We know that every therapist's practice is different, which is why we offer personalized accounting solutions tailored to your specific requirements, helping you optimize your financial performance.
  4. Industry Knowledge: With in-depth knowledge of the therapy industry, we stay up-to-date with the latest tax regulations, deductions, and allowances relevant to therapists, ensuring you maximize your tax savings.
  5. Technology-Driven Solutions: GoForma leverages best accounting software specifically designed for therapists, enabling streamlined financial management and efficient bookkeeping processes.

What Do Our Accountants for Psychologists Help with?

  1. Bookkeeping: We handle your financial records, ensuring accurate and up-to-date bookkeeping, including income, expenses, invoicing, and reconciliation.
  2. Tax Preparation and Planning: Our expert accountants prepare your tax returns, optimize your tax deductions, and provide proactive tax planning strategies to minimize your tax liability.
  3. Financial Reporting: We generate detailed financial reports, offering valuable insights into your practice's financial performance, helping you make informed decisions and drive growth.
  4. Payroll Services: If you have employees or contractors, we handle your payroll management, including calculating wages, tax withholding, and generating pay cheques.
  5. Business Advisory: Our team provides personalized financial advice, assisting you in business planning, budgeting, cash flow management, and practice expansion strategies.

How Much does Accounting for Therapists Cost in UK?

The cost of psychologist accountants in the UK can vary depending on several factors, including the size of your practice, the complexity of your financial needs, and the specific services you require.

  • Hourly Rate: Some accountant firms charge an hourly rate, typically ranging from £75 to £200 per hour. This rate may vary based on the experience and expertise of the accountant, as well as the location of the firm.
  • Monthly Retainer: Many accountant firms offer monthly pricing packages for ongoing accounting services. The cost can range from £75 to £1,000 per month, depending on the complexity of your practice and the level of services included.
  • Fixed Fee: For specific accounting services, such as tax return preparation or financial statement audits, accountants may provide a fixed fee quote.

Accounting for Private Practice Therapists

For private practice therapists, effective bookkeeping is crucial. It ensures that your therapy practice's financial records are accurate and well-organized, helping you make informed decisions about your business goals. Properly tracking income and expenses allows you to evaluate the financial health of your practice and identify areas for improvement. Managing client payments and invoicing is also essential. Maintaining a streamlined cash flow and staying on top of bookkeeping can greatly reduce the stress associated with financial management. With a specialized accountant for therapists, you can have peace of mind knowing that your bookkeeping is in good hands.

Best Accounting Software for Therapists                              

At GoForma, we use a specialized accounting software, designed specifically for therapists. While the specific software we use may vary over time, we ensure that it is tailored to meet the unique accounting needs of therapists, psychologists, psychotherapists, and counsellors.

Our aim is to leverage software solutions that offer efficiency, accuracy, and seamless integration with your practice operations.

When you partner with GoForma, we offer FreeAgent access as part of all our competitively fixed-fee accounting packages. Freeagent is an efficient accounting software which ensures your financial affairs are managed with expertise and precision.

Accountants for Psychotherapists - Psychologist Accountants in UK

With GoForma as your trusted accountant, you can say goodbye to the headaches of bookkeeping, tax returns, and paperwork, and instead, dedicate enough time to your therapy practice. Let GoForma handle your financial burdens, including bookkeeping, VAT registration, payroll, and income tax, while you focus on providing quality care to your clients. Partnering with GoForma is like having a dedicated CPA by your side, providing you with the financial peace of mind you deserve.

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  • Specialist accountants for Accountants for Therapists
  • Preparation of financial statements
  • Preparation & submission of quarterly VAT returns
  • Preparation of self-assessment tax returns
  • 24/7 access to FreeAgent
  • Tax planning advice to help maximise tax efficiency
  • Assistance with HMRC records checks
  • Quarterly review of your bookkeeping
  • Reminder services for all deadlines and payments
  • Unique partner benefits
  • Specialist accountants
  • Preparation of financial statements
  • Preparation & submission of quarterly VAT returns
  • Preparation of self-assessment tax returns
  • 24/7 access to FreeAgent
  • Tax planning advice to help maximise tax efficiency
  • Assistance with HMRC records checks
  • Quarterly review of your bookkeeping
  • Reminder services for all deadlines and payments
  • Unique partner benefits

Everything you need to operate your business

Easily set up or switch your company accounting

If you like to know more about our services, our professional accountants for Accountants for Therapists are here to help.

If you like to know more about our services, our professional Accountants for Therapists accountants are here to help.

  • 1-on-1 dedicated accountant
  • Industry specialists
  • Free company incorporation
  • Book time online easily
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  • Company mail handling

Premium FreeAgent accounting software included

Mobile accounting software on the go

  • Simple & unlimited invoicing
  • Mobile accounting app
  • Tax timeline
  • Automatic bank feeds
  • Enhanced expense analysis
  • Automated reconciliations

Choosing the right accountant

How to make the right choice of an accountant

If you like to know more about our services, our professional accountants for Accountants for Therapists are here to help.

Trusted by hundreds of Accountants for Therapists

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GoForma

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Aggie N
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3
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Extremely helpful, patient, attentive

Extremely helpful, patient, attentive and cares about the needs of their clients. Very glad I switched accountants to them.
Feb 2, 2024
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Noir Space
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1
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Fantastic accounting firm

Fantastic accounting firm for both SMEs. Thank you for the continued support and excellent service.
Nov 16, 2023
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HK
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Thank you

Spoke with Jordan, we needed some guidance on a new venture. Very helpful, patient and knowledgeable on all matters relevant to accounts and new businesses.
Oct 17, 2023
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Keith
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Good price

Good price, a good conversation with an accountant before joining kept me informed through the process.
Sep 22, 2023
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Fujuan Hu
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Easy to Access

The sign-up process is straightforward, and all of the staff members are extremely friendly. The welcome meeting with the accountant was delightful.
Sep 9, 2023
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Damian
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2
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Reliable and professional

Jawad has been very helpful dealing with VAT and other tax issues relating to my business; reliable, well-informed and professional, many thanks.
Aug 23, 2023
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Antonio M
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Exceptional Customer Service

Great customer service and support for a nascent business!
Aug 4, 2023
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Ivana
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1
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Overall excellent experience

After being unsatisfied with my previous accounting firm for many years, I decided to switch to GoForma based on a friend's glowing recommendation. This was the best business decision I could have made!
Aug 1, 2023
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Agnes
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3
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Excellent experience with Goforma

Excellent experience with Goforma. Jordan has been very professional and very patient with me. He has great knowledge and always ready to help. It can be quite stressful at the beginning when starting a new company, but they definitely helped me to make it easy. I’m very glad that I found them, it is great to work with them. I cannot recommend them enough. They are the best!
Jul 23, 2023
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Dominika Wrobel
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My experience with GoForma has been fab!

My experience with GoForma has been really great. I did a lot of research before committing to an accountant and wanted someone that specialises in IT contracting that offers mailing & address services. Prompt replies on any questions I have and timely filing of VAT etc. Highly recommend!
Jul 19, 2023
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Fernbrook Consulting
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Fernbrook Consulting Engineers

The team at GoForma are very responsive and nothing ever seems like too much trouble for the team. Jawad and Jordan are very knowledgeable, and the filings are always accurate and prepared well in advance of submission deadlines. Highly recommended.
Jul 19, 2023
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Sonam Singh
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2
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It was a nice and easy onboarding…

It was a nice and easy onboarding process. Also the accountants were helpful if you had any questions.
Jul 19, 2023
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Aggie N
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3
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Extremely helpful, patient, attentive

Extremely helpful, patient, attentive and cares about the needs of their clients. Very glad I switched accountants to them.
Feb 2, 2024
Ruxandra Gheordunescu
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Absolute pros! Very approachable, knowledgable

Absolute pros! Very approachable, knowledgable and kind people, I highly recommend them!
Mar 28, 2023
Ryan Glaser
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26
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Highest level of service with results that meet and go beyond my expectation

I highly recommend GoForma because of they have produced the highest level of service with results that meet and go beyond my expectations. I wanted a simple way to acquire and consolidate the admin and different services my business needed. Jordan Macey - Head of Accounting ensured I was 100% satisfied through every step of the process, coming on board at exactly the right time to oversee my specific business architecture with super efficiently in the most helpful and professional way. Jordan's adaptability and insight added value immediately to my overall business strategy while reducing overall costs. More benefits are still to come and I look forward to working with GoForma. I feel confident I have gained a trusted highly qualified accredited partner. I am now a full customer using the mid-tier package.
Mar 8, 2023
Antonio Mercurio
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1
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Onboarding process very quick and efficient!

Excellent and Swift service! Onboarding process very quick and efficient! If you have problems the team is there to solve them as quickly as possible! A great experience and service!
Feb 9, 2023
Kate Scodellaro
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5
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I switched from a larger provided to Go Forma and am so glad I did

I switched from a larger provided to Go Forma and am so glad I did. Responsive, thorough and always willing to help.
Jan 18, 2023
Giancarlo Erra
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11
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My only regret is that I didn't move before!

I founded my company and did first year of accounting with a larger provider, that was cheaper and using their own accountancy software and not FreeAgent, and it's been a disaster. Not real interaction or customer care, and their software was a nightmare. I found about GoForma, their more 1-1 customer oriented approach, and FreeAgent that I found immediately much easier to use, and my only regret is that I didn't move before! Very welcoming, patient explaining everything, it just feels like they care. FreeAgent is amazing. Very happy to be with GoForma now that my company is starting gearing up.
Dec 4, 2022
Mariam Aarab
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1
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I recommend it to all UK companies

Really good service and Jawad is a great accountant The freeAgent software is fantastic I recommend it to all UK companies
Jun 1, 2022
Nick Clarke
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1
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I will definitely be choosing goforma going forward!

I had a consultation with Jawad from goforma for a self assessment and registration! He was super helpful and knew exactly what he needed to do! I will definitely be choosing goforma going forward! Thank you!
Apr 28, 2022
Matthew Byers
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Readily available advice and support has been exactly what I needed

I am coming to the end of my first year running a limited company and this kind of hassle-free accountancy experience and readily available advice and support has been exactly what I needed.
Mar 16, 2022

How we help IT Contractors

During onboarding we'll setup your new limited company at a registered London business address.

Start or switch your business over

During onboarding we'll setup your new limited company at a registered London business address. If you already have an accountant then we'll request your details from your previous accountant. We do all the heavy lifting.

Accountant introduction and registrations

You can book in 1-on-1 time with your accountant and we'll get authorisations or register you for HMRC services like accounts filing and self assessments.

Accounting software setup

We'll get you setup on FreeAgent accounting software where you can add your business bank account transactions automatically, send invoices, track taxes due and use the mobile app.

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Start your IT Consulting business easily

Prices start from £75/mo

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  • Free company incorporation
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We take care of all the accounting and filing requirements IT consultants have

Prices start from £75/mo

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  • Financial statements
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