Tax Tips for Massage Therapists Massage Therapy Journal


For massage therapy businesses, one of the biggest challenges in expense management is tracking and categorizing expenses. Without a clear system for organizing expenses into relevant categories, it can be difficult to identify areas where expenses can be reduced. To address this challenge, it’s important to have a clear system for tracking expenses and categorizing them.

A small business usually employs 5 to 20 employees while a midsize business may have between 20 to 50 employees. These businesses require a solution that helps them with staff management, client management, appointment scheduling and payment processing. They may also need software with features that help to capture customer data and send customized promotion offers via SMS or email. Fortunately there are many apps and software solutions available to help professional massage therapists keep their practice organized and streamlined. These online tools can save you a ton of time on administrative tasks so that you can spend less time running your business and more time providing services that generate income and help your clients.


For example, if you trade massage therapy sessions for painting your office, you must include the cost of the massage as income and take the painting expense as a deduction. But if you trade for painting your house, you would declare the price of the massage you provide as income, but you cannot deduct the painting as it is for personal use, not a business expense. Statement of income and expense—A summary of income and expenses for a specific period of time. Most cash-basis taxpayers keep books and file income taxes on a calendar year. The profit or loss is determined by subtracting deductible expenses from taxable income.

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In conclusion, effective expense management is crucial for massage therapy businesses to thrive. By addressing the pain points of tracking and categorizing expenses, and time-consuming bookkeeping. If you own a massage therapy business, effective expense management is essential for your success.

Acuity Scheduling

Take your knowledge, skills and career to the next level with our advanced education, Continuing Education approved courses. MassageBook’s software services range from at $19.99/month to $47.88/month. However, they do offer a free 1-year trial of their basic plan.

  • I’ve heard some people are diligent about recording transactions and filing receipts weekly, but that seems like an urban myth to me.
  • Do you need to raise your prices, or see a few more clients a month?
  • This software integrates seamlessly with Turbo Tax to make calculating your business taxes and filing your annual tax return easy.
  • To overcome this challenge, it’s important to prioritize your spending and invest in the tools and resources that will provide the most value.
  • It also provides multiple ways to receive and track payments, has powerful client scheduling tools, massage marketing tools, client management and reporting functions, and more.
  • Yocale can help you spend more time working at your massage table and less time working at your front desk.

These features include income and expense tracking, automated payments and reminders, accept payments using Stripe, and inventory tracking. Xero integrates with Square for point of sale payment processing. The monthly cost to get started with Xero is a flat rate of $12/month. Bookedin is a simple online scheduling system designed for independent service providers and freelancers such as massage therapists.

This tool is a game changer and can reduce your accounting bills significantly!

They allows you to manage time off and payroll of employees, as well as add additional allowances for working overtime or on holidays. You can also track individual performance and collect regular client feedback to improve service levels and productivity in the workplace. This Buyer’s Guide provides an overview of the common features, benefits and key considerations that you must look out for when purchasing massage therapy software. Whether you are and independent contractor, self-employed or running a small business, this simple monthly Logbook can be used to optimize your deductions against your tax payments. “My Year” Bookkeeping journal shows you how to track your income, prepare your budget, and provide all the information needed to file your taxes at the end of the year. They offer plenty of training to help new users get started quickly and easily.

How many clients should a massage therapist have a day?

How many clients should a massage therapist have? “I think for a good work-life balance, most full-time massage therapists should be seeing around five to six clients a day, five days a week.”

Whether you are using a computer-bookkeeping for massage therapists system, cloud-based system, or file folder system, keep it organized. Poor record keeping inevitably leads to lost time, and as a small business owner, time has financial value. Massage therapy software helps massage centers improve their customer experience through online appointment scheduling systems, SMS reminders and gift coupons to loyal customers. Some platforms also capture customer pictures, notes and purchasing habits that help massage business owners provide personalized services. The feedback collection mechanism feature offers customers a platform to share their compliments or grievances directly with the centers.

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