E15: Tiffany’s $16,000 tax mistake with private practice tax specialist, Mickey Kerr

Woah! I love this episode. We’re diving in with Mickey Kerr from WellnessFi a book-keeping and tax specialist advising organization that specializes in working with therapists.

We’re going to talk about my $16,000 tax mistake. Back in 2018, I paid over 20k towards my student loans and saved just about 20k for my maternity leave – only to find out, just two months before I went on leave, that I owed over 16k in taxes. Mother Mia! Ay yi yi!

In this episode, I’m going to lay out my finances so that Mickey can help me understand where – exactly – I went wrong and what I should’ve done differently in order to avoid this huge tax mistake that cost me almost my entire maternity leave financial safety cushion.

I made the mistake of not discovering Wellnessfi until it was too late. Don’t be like me! Go to Wellnessfi.com/heytiffany and sign up for your free consultation. If you end up working with them, they’ll do 6-months worth of bookkeeping catchup for free!

Listen to the episode:

In this episode, Jacque will share:

  • What I could’ve done differently in order so that I wouldn’t have been caught off guard with a 16k tax surprise;
  • How one small steps can save therapists thousands of dollars a year;
  • What happens when you have a team of financial professionals on your side;
  • The consequences that come when we don’t handle our finances;
  • The top 3 things therapists can do to get their finances right, starting today.
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More about Mickey

Mickey Kerr, CPA, Principal – Joined the Wellness Fi team after having served various Senior roles within boutique tax advisory firms in the Austin area. A Central Texas native, Mickey brings a diverse skillset and background that highly aligns with Wellness Fi’s vision and core values. A dedicated advocate for the small business owner, he has focused his practice on crafting custom solutions for start-ups and entrepreneurs centered around optimization, back-office automation, and tax minimization. As a former college athlete, he enjoys the competitive and proactive approach of working with business owners and takes a great deal of pride in watching clients succeed.

Outside of work, Mickey enjoys connecting with others through various non-profits and local charities in the Austin area.

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About the podcast

The Money Sessions podcast by Tiffany McLain, LMFT is full of deep, thoughtful, and sometimes raw conversations with real therapists who are in the midst of leaning into raising fees and making bank – all while working with the clients they are passionate about serving.

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