Collective handles S-Corp formation, payroll, bookkeeping, and tax filing for self-employed professionals. Used by therapists who incorporate to save on self-employment tax. Higher monthly cost but includes S-Corp filing, payroll, and tax.
Collective
S-Corp formation, payroll, and tax for self-employed professionals.
About Collective
What Collective does
The features that actually matter for therapy practice.
S-Corp formation
Payroll
Bookkeeping
Tax filing (business + personal)
Reasonable salary calculation
Honest assessment
What works and what does not, based on hands-on testing.
What works well
- Full-service S-Corp setup
- Includes payroll
- Saves self-employment tax for higher earners
Where it falls short
- Not therapy-specific
- Higher monthly than Heard
- Only worth it for higher-earning practices
FAQ
Common questions about Collective
How much does Collective cost?
Collective starts at $199/month. Pricing tiers and any free trial are noted in the review above.What is Collective best for?
S-Corp formation, payroll, and tax for self-employed professionals.
Alternatives
Other tools in Accounting & Tax
Heard
Bookkeeping and taxes built specifically for therapists.
From $149/moUnverified
Lili
Freelancer banking with smart bookkeeping and automatic tax savings.
FreemiumUnverified
TL;DR Accounting
Bookkeeping and tax services specifically for therapists
From $199/moUnverified
Wave
Free accounting and invoicing for solo therapists and very small practices.
From $19/moUnverified
Side-by-side
Compare Collective with another option
Collective vs Heard
Bookkeeping and taxes built specifically for therapists.
Read comparisonCollective vs Lili
Freelancer banking with smart bookkeeping and automatic tax savings.
Read comparisonCollective vs TL;DR Accounting
Bookkeeping and tax services specifically for therapists
Read comparisonCollective vs Wave
Free accounting and invoicing for solo therapists and very small practices.
Read comparison