Nov 19 2024 61 mins
In this new episode, Rick sits down with Cassandra Tyagi to talk about all things related to accounting and finance for your clinic. They talk about red flags in CRA audits, available funding for startups, and what profession makes the most (chiro, PTs, ND, etc).
Cassandra is the CEO of Tyagi Group Accounting, a firm that works with healthcare practitioners on accounting, finance, and bookkeeping. Tyagi Group has grown to a team of 9, including 5 CPAs, bookkeepers and administrative staff.
In this conversation, Rick and Cassandra discuss topics such as:
- What is a solopreneur? How much do solopreneurs make?
- Which profession makes the most? (i.e Chiro, PT, ND, counsellor)
- How to let go on underperforming staff (including clinicians and front desk)
- Craziest financial disaster Cassandra has seen from bad bookkeeping
- What is a bank reconciliation? Why is it important?
- Profit & Loss Statement vs. Balance Sheet
- What is a tax deductible?
- Red Flags in CRA Audits
- Simplifying Payroll for Contractors or Employees w/ fee splits
- Funding Available for Startup or Buying a Practice
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