At Bench Accounting, we cater to the unique bookkeeping needs of reflexologists. We will regularly provide you with bookkeeping updates specific to your profession. And if you have urgent inquiries that just can't wait? Rest assured, we will respond back in one business day or less.
Our platform empowers you to streamline data inputs from the leading sources to sidestep typical errors. We liaise with suppliers such as Gusto, Stripe, Shopify, and Square—ensuring your financial data as a reflexologist, remains precise and up-to-date.
Say farewell to mountains of paperwork and the hassle of manual record-keeping—Bench Accounting streamlines everything for Reflexologists by automating inputs straight from linked accounts. With a central dashboard providing insights, grasp the financial state of your reflexology business with ease and confidently make strategic decisions.
DR. BUKKY KOLAWOLE
As a reflexologist, there are several specific expenses you can write off to save on your taxes. These typically include:
- Medical equipment: The tools and equipment you use in your practice, such as reflexology chairs, mats, or foot charts, can be written off.
- Educational expenses: You can also deduct the cost of any ongoing professional training, or continuing education credits if these apply to your profession.
- Business Insurance: If you carry liability insurance for your practice, this cost is typically deductible.
- Marketing and Advertising: Costs associated with promoting your business, from developing a website to printing brochures, can be deductible.
- Rent or Home Office Expenses: If you rent a space for your practices, that cost can be deducted. Alternatively, if you use a portion of your home for your work, you may be eligible to write off a portion of your home expenses.
- Travel expenses: Should you travel for work, whether it’s to attend a conference or visit a client, you can typically write off these expenses.
Always check with a tax professional to ensure you’re claiming all allowable deductions for your profession and location, and keeping proper records of your operating expenses.
Bookkeeping services can assist self-employed reflexologists in several ways. To begin with, these services allow you to keep track of all your income and expenses, which is vital when it comes to filing your taxes. They can also help you manage your cash flow, forecast future income and expenses, and understand the financial health of your business. Furthermore, efficient bookkeeping services ensure that all your financial records are organized and up-to-date. This helps to avoid legal complications and can also provide valuable financial insights that can help you grow your reflexology business.
Yes, there are certain financial reports and tax forms that reflexologists should submit which are not considerably different from those required from other professions or small businesses. They include profit and loss statements, balance sheets, income declarations, and more. Additionally, they must file specific annual tax forms based on whether they are self-employed/sole proprietors, partnerships, or incorporated businesses. It's highly recommended for reflexologists to consult with professional bookkeepers or accountants to ensure they're meeting their financial reporting obligations.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.