For Rhode Island-Based Private Practices
A Note Before You Dive In
For many independent therapists, tax season can feel like an entirely different language—one filled with forms, fees, and deadlines that rarely come up in graduate training. Yet, understanding how taxes work when you're running your own practice is an essential part of building a sustainable, values-aligned business.
This guide was created to offer a clear and accessible overview of what Rhode Island-based clinicians need to know when it comes to federal and state tax obligations. Whether you're a sole proprietor, LLC, or S-Corp, the aim is to help you feel more prepared, reduce surprises, and support smarter financial planning throughout the year.
Taxes don’t have to be overwhelming. With a bit of structure, the right tools, and an understanding of how income, expenses, and estimated payments fit together, you can stay ahead of the curve—and stay focused on what really matters: your work with clients.
Use this guide as a starting point. Bookmark it, revisit it each quarter, and consider sharing it with peers or consulting a tax professional for your specific situation. Let it support not just your paperwork—but your peace of mind.
Business Structure Basics
Your business structure significantly affects your tax filing obligations. Here are the most basic structures to consider:
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