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.
Accounting & TaxVerified June 2026
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
Alternatives
Other tools in Accounting & Tax
Bench
Generic bookkeeping with human team used by some therapists.
From $299/moUnverified
GreenOak Accounting
Long-established CPA firm specializing in therapy practices.
PaidUnverified
Heard
Bookkeeping and taxes built specifically for therapists.
From $149/moUnverified
Traktion Accounting
Hands-on accountant team for established therapy practices.
PaidUnverified
Side-by-side
Compare Collective with another option
Collective vs Bench
Generic bookkeeping with human team used by some therapists.
Read comparisonCollective vs GreenOak Accounting
Long-established CPA firm specializing in therapy practices.
Read comparisonCollective vs Heard
Bookkeeping and taxes built specifically for therapists.
Read comparisonCollective vs Traktion Accounting
Hands-on accountant team for established therapy practices.
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