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What percentage to spend on overhead? It depends…

What percentage to spend on overhead? It depends…

by Pauline Wallin, Ph.D. | Jun 26, 2022 | Business matters

From the "questions we get asked" file... "What percentage of my income should I be spending on overhead?" This is sort of a trick question, because the answer depends on several factors, including: 1. How you define "overhead" Overhead is not a legal term, and the...
Subletting Your Office When You’re Not Using It

Subletting Your Office When You’re Not Using It

by Pauline Wallin, Ph.D. | Dec 23, 2018 | Business matters, Office procedures

If you lease office space, you've probably experienced the anxiety of coming up with the rent every month, regardless of whether you see 100 clients or 20. Some clinicians offset this major expense by subletting their space when they're not using it - e.g., an evening...

It’s The End of the Year: Practice Tax Planning

by Steven Walfish | Dec 2, 2012 | Business matters

One frequently asked question by those early in practice is “What expenses are deductible on my taxes?” In my book with Jeff Barnett, Financial Success in Mental Health Practice:  Essential Tools and Strategies for Practitioners we present a list of business expense...

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