Tax season can be overwhelming for therapists juggling busy schedules and complex finances. Consider this your Guide to Annual Taxes with Heard. This comprehensive guide outlines the important tasks you’ll need to complete to ensure an on-time and accurate filing with Heard. From onboarding to filing, our dedicated team is here to support you every step of the way.
Important Filing Timeline
Give yourself plenty of time to complete the tasks below by their due date. If any of these tasks are not completed by their date, you’ll need to file an extension to allow for additional time.
By January 9th, 2025
Complete the Tax Season Kickoff Survey to let us know if you’d like to file your taxes with Heard.
February 13th, 2025
Gather and submit your bookkeeping documents (estimated time is 30-60 minutes).
- Connect your bank account designated for your business to Heard.
- Please upload bank statements for all business bank accounts from Jan 1, 2024, to Dec 31, 2024, or for all months the account was open.
- Upload your year-end documents
- Review any outstanding transactions flagged by Heard, add in any missing business or expense transactions, and check your final numbers for tax accuracy and to maximize deductions.
- During this step, you can recategorize transactions in “Other” categories or leave notes for your bookkeeper to categorize them for you.
By March 15th, 2025
Close out your 2024 bookkeeping (estimated time is 30 minutes).
- Review end of year updates made by your bookkeeper and respond to any requests for additional information or documents from your bookkeeper.
By March 27th, 2025
Complete your Personal Tax Checklist; you and Heard close your 2024 bookkeeping (estimated time is 1-2 hours).
- Confirm your business, financial, and personal information, fill us in on any big changes in 2024, and answer a few questions about your personal expenses.
- Upload relevant tax forms. Based on your answers, you will be asked to upload relevant to you tax documents.
- Complete your final review of all of your bookkeeping and sign off on your 2024 bookkeeping.
April 1st, 2025
File your Personal Tax Checklist (estimated time is 7-14 days).
- Connect with your Tax Preparer to review your draft return
- Reserve a live consultation with your Tax Preparer
- Approve and file your tax return