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...
Apr 26, 2019 | Business matters, Ethics
A question that comes up frequently in our consultations with mental health professionals: "I'm thinking of bringing another clinician into my practice. I can't afford to pay a full-time salary. Some of my colleagues who run group practices get a percentage of each...
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...
