According to the Internal Revenue Service, there are only two employment types: independent contractors (1099-employees) and regular employees (W-2 employees). Who pays which taxes is determined by this legal distinction. […]
Calculating psychotherapist pay means considering many factors. Unfortunately, the complexity leaves lots of room for some wild estimates regarding how much a therapist makes in private practice. But here I […]
Private practice therapist pay is rarely based on a salary. Instead, there is a series of steps for determining psychotherapist pay. Firstly, every private practice sells a service, usually psychotherapy […]
Mental health is a small margin business. But there are some jobs that pay better than others. Where are they and why do they pay better?
When a practice owner plans on selling a practice, there may be a bit a shock. Practice owners are often surprised at how accountants and potential purchasers determine a monetary value […]
One of the early concerns when starting to build a practice is how to have enough referrals for a full caseload. I suggest that 1000 sessions per year is a good […]
When I began my private practice, it was not difficult to keep track of the financial picture. Tracking numbers was kind of a game. The business had one checking account. […]