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 matterWhy revenue and profit don't always translate into cash in the bankCommon cash leaks that may be quietly draining money from your practiceHow to calculate the true profitability of a service after accounting for overheadWhen an S-corp election may make sense for acupuncturistsWhy tax planning should happen throughout the year instead of only at tax timeHow to use your financial reports to make better business decisionsWhether 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.comInstagram: @thorneadvisorsFree 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.Subscribe to the Acupuncture Marketing School podcast on Apple Podcasts or Spotify 💖 Love the podcast? Help other acupuncturists find the podcast by leaving a review here.Support the showCurious about Acupuncture Marketing School, the online course for marketing beginners? Join me inside! Click here to learn more.




