128 | The Hidden Cash Leaks in Your Acupuncture Practice with Emily Bowie

If you've ever looked at your profit and loss statement and thought, "My practice is making money, so why doesn't it feel like it?" this episode is for you.

In this episode, I'm joined by Emily Bowie, partner at Thorne Advisors, an accounting and tax strategy firm that helps business owners improve cash flow, reduce taxes, and build long-term wealth.

Emily does an excellent job of breaking down financial concepts in a way that's practical and easy to understand, even if accounting feels completely outside your comfort zone.

In this episode, you'll learn:

• The difference between a profit and loss statement and a balance sheet, and why both matter
• Why revenue and profit don't always translate into cash in the bank
• Common cash leaks that may be quietly draining money from your practice
• How to calculate the true profitability of a service after accounting for overhead
• When an S-corp election may make sense for acupuncturists
• Why tax planning should happen throughout the year instead of only at tax time
• How to use your financial reports to make better business decisions

Whether you're a solo practitioner or managing a growing team, this conversation will help you better understand your numbers and make more confident decisions about the future of your practice.

Mentioned in This Episode:

• Website: ThorneAdvisors.com
• Instagram: @thorneadvisors
• Free Download: 5 Cash Leaks and 5 Missed Tax Deductions that Are Draining Your Business 

💙 This episode is sponsored by Jane, a clinic management software that’s here to make practice life a little easier.

Ready to get started? Use the code ACUSCHOOL1MO for 1 free month at jane.app.

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