Owning your own practice is exciting and offers you a great deal of flexibility. Knowing the number of massages you'll need to provide to make a profit, what the demand is for massage therapy in your area, and the financial records you'll need to keep are all integral to your success. Use these resources to take financial control!
- Your Taxes as a Massage Therapist
As a business professional, it is your responsibility to understand how to calculate how much you owe in taxes, what expenses are allowable as deductions and when your taxes are due. AMTA's Online Course "Take Care of Your Taxes" can help you navigate the process
- Keeping Financial Records
- Devising a system or a routine will help you maintain accurate records on a daily, weekly and monthly basis, saving you hours, maybe days, of work quarterly (when you pay estimated taxes) and…
- Types of Financial Records
- Whether you do your own accounting and bookkeeping or hire a professional to do it for you, you need a reliable method for keeping track of how much money comes into and goes out of your business.…
- Estimating Monthly Expenses
- One of the basic requirements of establishing a massage therapy business is estimating your expenses so you can create a budget. You should estimate expensese when you first start your practice, as well as when you annually review your budget.
- Creating and Managing a Budget
- Creating and managing a budget are fundamental to running a business. A budget allows you to forecast how much revenue you expect to have at your disposal during a given time period, as well as how you might use this revenue to maintain or grow your practice.
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