Psychologist Accountants

Accountants for Therapists, Psychologists and Counsellors

As a therapist, your main focus is helping your clients improve their mental and emotional well-being. However, managing your finances can be a challenging and time-consuming task that takes you away from your core mission. Specialized accounting services for therapists can make a significant difference in your practice.

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, counsellors, and psychologists.

  • Free accounting consultation
  • 50% off for 3 months
  • Prices from £35 per month
  • Simple switching process
Psychologist Accountants
Psychologist Accountants
Freelancer and sole trader accountant
Tim O

GoForma accountant

Accountants for Therapists

Already have an accountant? We make the process of switching super easy. Learn more

Why Therapists Need Specialized Accountants

  • Income Management: Specialized therapist accountants understand the fluctuating nature of therapists' income. They can help create budgets and financial plans that accommodate these variations, ensuring that you have a stable financial foundation.
  • Confidentiality Assurance: Accountants for therapists are trained to handle sensitive information with the utmost confidentiality. They implement secure processes to protect client data while maintaining accurate financial records.
  • Regulatory Expertise: Psychologist accountants stay up-to-date with healthcare regulations and tax laws, ensuring your practice remains compliant. This helps you avoid penalties and ensures that all financial activities are above board.
  • Accurate Expense Tracking: Specialized CPA for therapists help you track expenses carefully, categorizing them for easy reference and maximizing your tax deductions. This leads to better financial clarity and savings.
  • Time Efficiency: By taking over financial management tasks, accountant for psychotherapists free up your time, allowing you to focus more on your clients and less on paperwork. This improves your overall efficiency and reduces stress.

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.

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. Our team has in-depth knowledge of the therapy profession, ensuring that we provide the most relevant and effective accounting solutions for your practice.
  2. Tailored Financial Solutions: We don't believe in one-size-fits-all. Our Therapist accountants customize accounting services to meet the specific needs of your practice. Whether you need help with bookkeeping, tax preparation, or financial planning, we create solutions that work best for you.
  3. Experienced and Certified Accountants: Our team consists of experienced and certified accountants for counsellors. With years of experience and professional qualifications, we ensure that your finances are in capable hands.
  4. Transparent and Competitive Pricing: Our pricing is clear and competitive, so you know exactly what you are paying for. There are no hidden fees or surprises, just straightforward and affordable accounting services.
  5. Technology-Driven Solutions: GoForma leverages best accounting software specifically designed for therapists, enabling streamlined financial management and efficient bookkeeping processes.
  6. Excellent Client Support: Our excellent client support means you can rely on us for quick and helpful responses to your questions and concerns. We pride ourselves on building strong relationships with our clients and providing the best support possible.
  7. Partnership with FreeAgent Accounting Software: We have partnered with FreeAgent, a leading accounting software tailored for small businesses and freelancers. This partnership allows us to offer you a seamless, efficient, and user-friendly accounting experience. When you join GoForma accounting, you get access to FreeAgent accounting software at no extra cost.

What Do Our Accountants for Psychologists Help with?

Bookkeeping for Therapists:

We handle your financial records, ensuring accurate and up-to-date bookkeeping, including income, expenses, invoicing, and reconciliation.

Tax Preparation and Filing:

Our expert accountants prepare your self assessment tax returns, optimize your tax deductions, and provide proactive tax planning strategies to minimize your tax liability. Our tax accountants for therapists also handle all aspects of tax filing, ensuring that your taxes are filed accurately and on time.

VAT Registration and Filing

Our accountants for therapists ensure that your VAT registration is completed accurately and on time, and we submit your VAT returns to ensure compliance with HMRC regulations.

Financial Reporting:

We generate detailed financial reports, offering valuable insights into your practice's financial performance, helping you make informed decisions and drive growth.

Payroll Services:

Our accountancy services for therapists instructors includes managing your payroll with precision, ensuring that your employees are paid accurately and on time. This service includes calculating wages, withholding taxes, and handling other payroll-related tasks.

Business Advisory:

Our chartered accountants for psychotherapists help you develop long-term financial strategies that support the growth and stability of your practice. Our advice covers areas such as budgeting, cash flow management, and financial goal setting.

How to Get Started with Our Accounting Services for Therapists

1. Schedule a Consultation: Book a free consultation with our therapist accountant to discuss your practice’s specific needs and challenges. During this meeting, he’ll explain how our services can help you achieve your financial goals.

2. Sign the Agreement: Sign a service agreement having the scope of our services and our mutual responsibilities.

3. Onboarding and Setup: After the agreement is signed, we’ll begin the onboarding process. We’ll gather all necessary financial information and set up your accounts in our secure system. We’ll also schedule any initial meetings needed to ensure a smooth transition.

4. Ongoing Support: From this point on, we’ll handle your accounting needs, providing regular updates and reports. We’re always available to answer questions, offer advice, and make adjustments as your practice grows and changes.

Accountants for Therapists, Psychologist and Counsellors in the UK

Are you ready to simplify your practice's finances? Hire accountants for therapists from GoForma and experience the difference our specialized expertise can make. Don’t just take our word for it—check out our reviews on Google and Trustpilot to see how we’ve made a positive impact on other therapy practices. Our satisfied clients have praised our dedicated service and effective solutions. Let GoForma handle your accounting so you can focus on delivering exceptional care to your clients.

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FAQs on Accountants for Therapists

Can therapists be self-employed, sole traders or serve as a limited company?

What are the main financial challenges therapists face?

Why do therapists need specialized accountants?

All your accounting needs sorted with no hidden costs

  • 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
  • WhatsApp your accountant
  • 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
Free business accounting consultation for contractors, freelancers, self employed and limited companies

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Trusted by hundreds of Accountants for Therapists

Trusted by hundreds of freelancers, sole traders, contractors and small businesses

See our 141 reviews on Trustpilot and

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Great communication
Brilliant and clear communication, highly recommend.
Thomas Minas
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Excellent service, joined for a 20 minute consult on an issue I was having and left 1h later far more enlightened!
Excellent service, joined for a 20 minute consult on an issue I was having and left 1h later far more enlightened!
Chris HMJ
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Great service!
Great service!
Kevin Paterson
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Establishing a Business in the UK is amazingly easy - and cheap - when you use GoForma. Everything is thought of: Establishing help, accounting software, quartely VATreporting, annual accounts etc. GREAT value for money.
Establishing a Business in the UK is amazingly easy - and cheap - when you use GoForma. Everything is thought of: Establishing help, accounting software, quartely VATreporting, annual accounts etc. GREAT value for money.
Michael Jensen
Google my business accounting 5 star rating logo
I’d highly recommend Goforma! 5 STAR
I’d highly recommend Goforma. They filed my tax return swiftly with clear and direct communication. Price was amazing. Jordan and Jawad were exceptional. I couldn't be more pleased with the efficiency and professionalism they provided.
Chris Sofokleous
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I highly recommend GoForma
I highly recommend GoForma. Very efficient practise that turned around my tax return quickly. Dealt with Jordan and Jawad, comms was always clear and to the point. Great value for the service they provide
Stelios Savvides
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A great company
A great company with brilliant service, filling in an important niche in the market. Definitely the right place to go to when you are thinking of starting your own business.
Przemek M.
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I had a 20 minute phone consultation with Kabir at GoForma. He was professional, courteous, thorough and answered all of my questions.
I had a 20 minute phone consultation with Kabir at GoForma. He was professional, courteous, thorough and answered all of my questions.
Matthew
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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.
Aggie Nonsizi