Navigating Tax Considerations for Multi-State Telehealth Practitioners
In this episode of 'Therapy for Your Money,' host Julie Herres addresses a listener-submitted question about tax considerations for clinicians providing telehealth services across state lines. Julie highlights the complexities introduced by factors such as nexus, the location of clients, and state-specific tax laws. She offers valuable advice, emphasizing the importance of consulting with a tax preparer, maintaining clear client location records, and understanding state-specific regulations. Julie also discusses registration requirements for hiring across states and the impact of multi-state telehealth practice on business structures and tax filings.
Show Highlights
00:00 Introduction to Therapy for Your Money
00:45 Listener Question: Tax Considerations for Telehealth
02:35 Understanding Nexus in Taxation
03:53 State-Specific Tax Thresholds
07:40 Registering as a Foreign Entity
09:57 Recap and Final Advice
12:57 Disclaimer
Links and Resources
Money for Therapists Practice Startup - https://www.greenoakaccounting.com/startup
GreenOak Accounting - www.GreenOakAccounting.com
Therapy For Your Money Podcast - www.TherapyForYourMoney.com
Profit First for Therapists - www.ProfitFirstForTherapists.com
Profit First Academy - www.ProfitFirstForTherapists.com/Academy
Podcast Production and Show Notes by Course Creation Studio
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