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The Owner's Chair

Straight from Abby's desk at Golden Ratio Bookkeeping

Practical, 3-minute financial insights to help you understand your numbers, make confident decisions, and build a more profitable therapy group practice. Delivered every other Thursday.

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Featured Post

where's my 1099?

Hi Reader, I’m still reeling from what happened this weekend at Stryker, the Wichita soccer complex where my kids play, and I’m holding the families directly affected in my heart. ❤️🩹 This week is part 3 of the 1099 series. Whether an LLC gets a 1099 depends on how it’s taxed, and the business name won’t tell you that. This past April, 3 clinicians at a practice I work with asked the same question: where’s my 1099? The practice hadn’t sent one to any of them. Each clinician’s W-9 had a...

9 days ago • 1 min read

Hi Reader, My husband and I built 5 pieces of furniture, and my daughter has officially moved into her room. We still need to add her things and shop for decor, but she’s so excited to have her own space. Back to work I can do sitting down. A W-9 on file only protects you if it still matches your books. Picture Hannah Abbott, a contract clinician. She filled out her W-9 in 2023, in her own name. In 2025, she formed Godric’s Hollow Counseling LLC and asked to be paid through the business....

23 days ago • 1 min read

Hi Reader, I spent the weekend painting my daughter’s room. Round 2 of 3. This weekend should be the last of the painting, and the new furniture is supposed to arrive Tuesday. I’m putting a lot of faith in “supposed to.” Speaking of things that only work in the right order. Hire a clinician who lives in another state and you usually pick up a second state’s payroll, which has to be set up before her first payday. A client of mine hired a clinician in California. She started May 18. The...

about 1 month ago • 1 min read