Heard Technologies provides a financial back office platform specifically designed for therapists, offering services such as bookkeeping, tax preparation, and payroll processing. By automating financial management tasks, the platform helps therapists save over 60 hours annually and reduce their tax liabilities by more than $5,000.
Funding
$26.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Therapists in private practice often struggle with the complexities of financial management, including bookkeeping, tax preparation, and payroll, diverting their attention from patient care. Managing these tasks manually or with generic accounting software can be time-consuming and lead to errors, missed deductions, and potential compliance issues.
Solution
Heard Technologies offers a financial back-office platform tailored specifically for therapists, providing a comprehensive solution for managing their practice finances. The platform automates bookkeeping tasks, generates personalized quarterly tax estimates, and handles annual tax filing, both business and personal. Additionally, it supports payroll processing with payroll tax filing, S corp election, and reasonable salary calculation. By integrating these services into a single platform, Heard streamlines financial management, allowing therapists to focus on their clients and grow their practices.
Target Audience
The primary target audience includes solo therapists, group practices, and 1099 contractor therapists who need assistance with bookkeeping, tax preparation, and payroll management.
Features
- Monthly bookkeeping and financial report generation
- Personalized quarterly tax estimates and reminders
- Business and personal federal and state income annual tax filing
- Payroll processing with payroll taxes filed
- S corp election and reasonable salary calculation assistance
- Email support and access to a 24/7 help center
- Tools for estimating S Corp tax savings and home office deductions
- Integration with LegalZoom for business entity formation