Mark Schwarz, Author at Wellness Fi

a blog post cover image about a comparison of collective vs wellness fi - both accounting services for therapists

Collective Alternative for Therapists: Wellness Fi vs. Collective (2026)

Collective Alternative for Therapists: Wellness Fi vs. Collective (2026) If you’re looking for a Collective alternative for therapists, you’re likely comparing Collective, an all-in-one platform for self-employed people, to a specialized accounting firm like Wellness Fi. In this article, we break down the practical differences between Collective and Wellness Fi, so you can decide which

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Therapist reviewing EMDR course materials for a CEU tax deduction.

Are CEUs and Therapy Certifications Tax Deductible?

Taxes, Uncategorized / By Mark Schwarz

Updated October 2026 · By Mark Schwarz · Reviewed by WellnessFi’s tax team Continuing education is part of the job when you’re a therapist, and so is the bill for it. If you own your practice, a CEU tax deduction can cover far more than the course fee: certifications like EMDR and Gottman, books, consultation

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LLC vs. S-Corp for Therapists: Which Entity Saves You More Money?

Uncategorized / By Mark Schwarz

You’re a therapist in private practice and you’ve been hearing other practice owners talk about becoming an S-Corp. What does it mean, and might it be for you? It’s a real strategy, it saves real money, and for many therapists, it’s one of the biggest financial decisions they’ll make for their practice. But it’s also

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Tax Deductions for Therapists: The Complete Checklist

Taxes / By Mark Schwarz

Updated October 2026 · By Mark Schwarz · Reviewed by Wellness Fi’s tax team If you’re a therapist in private practice, every legitimate deduction you miss means paying tax on money you spent running your practice. This guide covers the tax deductions for therapists we see most often, from license fees and supervision to EHR

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How Much Do Private Practice Therapists Make? Pay & Splits

Therapists / By Mark Schwarz

What to Pay Clinicians and Protect Your Owner Take-Home If you run a group practice, one question shapes almost every decision you make: how much do private practice therapists make, and how much should you pay them? The honest answer is that it depends. Pay changes with license level, caseload, and the revenue split you

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Owner’s Draw vs Salary For Therapists

Therapists / By Mark Schwarz

Owner’s Draw vs Salary: How Therapy Practice Owners Pay Themselves Most therapy practice owners pay everyone else first and themselves last. The fix starts with one decision: owners draw vs salary. How you take money out of your practice shapes your taxes, your take-home, and whether you ever feel paid for your work. This guide

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Strategies to Reduce Therapist Burnout in Your Group Practice

Therapists / By Mark Schwarz

How to Prevent Therapist Burnout in a Group Practice Therapist burnout is one of the biggest threats to a group practice. When a clinician burns out, clients feel it, the team feels it, and eventually the owner feels it in turnover and lost revenue. The good news: much of what causes burnout is inside your

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How to Hire a Therapist for Your Private Practice: Do’s and Don’ts

Private Practice / By Mark Schwarz

Hiring is the hardest part of being a private practice owner, because it takes thought, planning, and practice to get right. The truth is, unless you’re lucky, you’ll run in to challenges with your hiring and employees throughout your time as the boss. These issues can typically be traced back to the hiring process, so

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GreenOak Accounting Alternative: Wellness Fi vs. GreenOak

Therapists / By Mark Schwarz

GreenOak Accounting Alternative: Accounting For Therapists in 2026 In this article, “GreenOak Accounting Alternative” we break down the differences between Wellness Fi and GreenOak Accounting for Therapists in 2026. We’ll review the fundamental differences in our firms, the similarities, a side-by-side comparison, and which firm may be the better fit for each individual practice, depending

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Heard Alternative for Therapists: Wellness Fi vs. Heard (2026)

Therapists / By Mark Schwarz

Heard Alternative for Therapists: Wellness Fi vs. Heard (2026) If you’re looking for a Heard alternative for therapists, you’re likely comparing Heard, a software platform, to a specialized accounting firm like Wellness Fi. In this article, we break down the operational & practical differences between Heard for therapists and Wellness Fi, so you can make

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