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. […]
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 […]
How long does it usually take to build a full-time caseload? In my experience, when one is starting from scratch in a new community and one takes the typical approaches […]
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. […]
Ugh. Overcoming crises is no fun. There are stretches when the business seems to be rolling along, growing, thriving, and then a crisis hits–for example, in a relatively short period […]