Bookkeeping and Accounting for Sports Psychologists

In need of a bookkeeper and accountant for your sports psychology practice? We handle your books, giving you more time to focus on maximizing athletic performance. Try us for free.

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How Bench works with sports psychologists

Unlock your financial potential with bookkeeping, income tax prep and filing done by experts—powered by one robust platform. Bench partners seamlessly with sports psychologists.

We get you set up

Our team invests time in getting to know your practice as sports psychologists, responds to your queries, assists you in connecting your accounts, and guides you through how Bench operates.

We do your bookkeeping

Every month, your dedicated Bench bookkeeper will meticulously sort through your transactions and compile detailed financial reports for your sports psychology practice. Should they need any additional information, they won't hesitate to reach out.

We deliver tax-ready financials

Our squad of experts is well-versed with the tax regulations specific to the sports psychology sector and will tailor their approach according to your practice's distinct requirements.

Here’s why sports psychologists like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

Experience seamless bookkeeping designed for sports psychologists. With Bench, you'll get consistent financial updates appropriate for your field. And if there's a pressing question on your mind? Our dedicated team promises to respond to your queries within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform enables streamlining of data inputs from most major providers to minimize standard errors. We team up with industry leaders like Gusto, Stripe, Shopify, and Square to ensure precision in your finances, making us the chosen choice for Sports Psychologists.

See where you’re spending. Make smart decisions

Bid farewell to stacks of papers and the hassle of tracking manually — we automate inputs directly from linked accounts for sports psychologists like you. Receive insights from one central dashboard so you can easily understand the financial health of your practice and make strategic decisions.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for sports psychologists

In the niche field of sports psychology, Bench Accounting is more than up to the task of managing your unique bookkeeping needs. Let us handle the stress of navigating through the intricate tax laws and regulations specific to your industry, so you can fully concentrate on helping athletes improve their mental and physical performances. Whether it's writing off sport-specific resources, training tools, or certification expenses, our experienced bookkeepers are well-versed in the nuances of your profession to maximize your tax savings.

What sets Bench apart is our distinctive blend of advanced software and dedicated human touch. Our bookkeepers are not just proficient in handling industry-specific issues like variable income based on seasonal work or accurately recording various income source types but also understand the unpredictable financial rhythms of a sports psychologist's profession. While our intuitive software diligently records all your transactions, our real-life bookkeepers ensure everything is correctly categorized and up-to-date. At Bench, we take care of your bookkeeping plus tax work, making running your small sports psychology practice easier than ever before.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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What specific tax considerations should be taken into account for my sports psychology practice?

The tax considerations for a sports psychology practice can be quite specific and depend on various factors such as the size of your practice, location, and whether you offer any allied health services. Here are a few general considerations:

  • Business structure: Your tax obligations can vary significantly depending on whether you are a sole proprietor, partnership or a corporation.
  • Income tax: You must factor in both federal and state income taxes for your sports psychology practice.
  • Sales tax: Although psychological services are generally exempt from sales tax, any merchandise or products you sell may be subject to it.
  • Deductible expenses: Be aware of the business expenses you can deduct against your income, which could include professional fees, travel expenses, office rent, equipment costs, etc.
  • Employment taxes: If you have employees, you need to account for both employer taxes and withholding their portion of taxes as well.

Given the complexities, we highly recommend working with a professional bookkeeper or accountant who understands the nuances of tax obligations for a sports psychology practice. They can help you maximize deductions, minimize your tax bill, and ensure you remain compliant with all tax laws.

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How is bookkeeping for sports psychologists different from general medical practitioners?

The primary difference in bookkeeping for sports psychologists compared to general medical practitioners lies in the specific costs, income sources, and write-offs associated with each profession.

Sports psychologists may need to account for travel expenses and equipment related to sports training. They may also need to factor in the cost of continuing education in the realm of sports psychology, which may be different from the continuing education required in general practice medicine.

On the other hand, general medical practitioners often have costs associated with running a medical office, purchasing medical supplies, or paying out to other medical staff. They also typically deal with a variety of insurance companies and healthcare providers, which can complicate their bookkeeping process.

Despite these differences, both professions require well-organized and accurate bookkeeping. This is crucial for managing financial health, tracking profit and loss, and staying compliant with tax laws.

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What are the most common accounting errors a sports psychologist should avoid?

The most common accounting errors a sports psychologist should avoid include:

  • Incorrect expense classification: This involves recording an expense in the wrong category, which can lead to misleading financial statements and potential tax issues.
  • Not separating personal and business expenses: Using the same account for personal and business transactions can cause financial complications. It's crucial to maintain separate accounts to simplify bookkeeping and tax prep.
  • Not tracking reimburseable expenses: Sports psychologists often incur expenses that are reimbursed by their clients. Not tracking these expenses diligently can lead to financial losses.
  • Data entry errors: Simple data entry errors can compromise the accuracy of your bookkeeping and cause serious issues down the line. It's always a good idea to double-check your entries or hire a professional bookkeeper.
  • Not recording transactions in real time: Failing to record transactions as they occur can lead to an oversight and skew the financial picture of your business.
  • Neglecting sales tax: It's important to accurately track, record, and pay your sales tax liabilities to avoid penalties and legal issues.
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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

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.

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How much time each month will I have to spend managing my Bench account?

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.

Bookkeeping Services for Sports psychologists

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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