Financial Management for Your Own Practice

Categories: PD · Non-CE
Wishlist Share

About Course

Tax practitioners spend their careers managing other people’s financial lives with real discipline and expertise, yet many run their own practice’s finances far more informally — personal and business funds blended together, no real sense of actual practice profitability beyond what’s left in the bank account, and no deliberate plan for the practice’s own seasonal cash flow. This course is not about pricing services to clients or valuing the practice for an eventual sale, both covered elsewhere in this series — it’s specifically about managing the practice’s own money: separating business from personal finances properly, understanding real profitability, managing seasonal cash flow, and meeting the practice’s own tax and reserve obligations.

PROFESSIONAL DEVELOPMENT · NON-CE. This course does not provide IRS continuing education credit.

Show More

Related Courses

What Will You Learn?

  • A clear framework for properly separating business and personal finances
  • A working understanding of your practice's actual profitability, not just its bank balance
  • A cash flow management approach built specifically for a seasonal practice
  • A framework for building reserves, paying yourself deliberately, and meeting the practice's own tax obligations
  • A Practice Financial Management Toolkit — ten working tools built around this course's exact framework

Course Content

Module 1 – Separating Business and Personal Finances Properly

  • Separating Business and Personal Finances Properly

Module 2 – Understanding Your Practice’s Own Profitability

Module 3 – Cash Flow Management for a Seasonal Business

Module 4 – Reserves, Paying Yourself, and the Practice’s Own Tax Obligations

Practice Financial Management Toolkit

Self-Check – Financial Management for Your Own Practice

Scroll to Top