What percentage to spend on overhead? It depends…

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...

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

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...