Episode Details

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Is it just me or is money coming up really strong for others over the last few months? It seems like money and our relationship to it has been a clear theme in a lot of my individual and group consulting meetings. I firmly believe that part of healing our relationship with money is demystifying it in the first place. As a bookkeeper and accountant, Eddie Valls is well-positioned to do just that. In today’s episode, we talk through the ins and outs of practice finance. Here are just a few topics that we cover:

• What is “proactive” tax planning?
• The difference between a tax entity and a legal entity
• Common ways that mental health folks lose money on taxes
• How to develop a strong tax foundation in your practice

Cool Things Mentioned

• Quickbooks
• Wave accounting software
• Wellness Fi
• Your Money or Your Life (affiliate link)
• I Will Teach You to Be Rich (affiliate link)
• Total Money Makeover (affiliate link)

Featured Resource

I am honored to partner with PAR for the next few months to bring you featured items from their catalog! Listen to each episode for specific product recommendations and links. Learn more at www.parinc.com.  

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About Eddie Vals

A financial and accounting professional with a passion for working with small businesses in helping them to maximize their wealth. Being married to a therapist, it was a matter of time before he would channel his enthusiasm toward helping his wife’s peers in the wellness community.

Background includes ~ Tax professional at the third-largest accounting firm in world ~ Financial auditor at fifth largest accounting firm ~ Small business and startup bookkeeper in Silicon Valley ~ Market analyst at a tiny firm in East Austin ~ Bachelors in Finance ~ Masters in Accountancy

Currently resides in Austin where he splits his time betwe