How to Pay Yourself in Private Practice (2021)
04
Aug
By Toni Cameron
Small Business, Therapists

How to Pay Yourself in Private Practice (2021)

Before you got into Private Practice, you might have smiled to yourself and thought, “Now that I’m my own boss, I can determine my own pay!” But if you’ve been running a business for a while, you’ve probably realized that it’s not that simple. Sure, there’s nobody to veto your choice of dollar amount, but you have to keep the needs of your business in mind. As with any other investment, it’s all about balancing your current needs against the return your business can provide from the money that you put into it. It can be difficult to determine that…
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Therapy Practices: What to Think About the Pandemic “Ending”
02
Jun
By Toni Cameron
Private Practice, Therapists

Therapy Practices: What to Think About the Pandemic “Ending”

The pandemic may be winding down in the United States, which is definitely not the same thing as it “ending.” We’re aware that there are places where COVID is heating up, including India, and our hearts go out to all of the people struggling there. Even after COVID “ends,” things may never go back to normal for many reasons, even in the United States. There are jobs that have gone remote and will never go back to in-person. There are people who have self-isolated for so long that it has harmed their mental health, and some of these people will…
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When Should a Psychologist Incorporate?
05
May
By Toni Cameron
LLC, PLLC, Private Practice, Therapists

When Should a Psychologist Incorporate?

As a psychologist, you are an expert in the realm of the mind, and you understand better than we do how the build-up of stress can affect other areas of a person’s life. We can make an educated guess that you might be stressing about taxes and liability protection, because pretty much every business owner stresses about these things. Incorporating can protect you from liabilities, and potentially reduce your tax burden but it involves a lot of administrative work. The best time for a psychologist to incorporate is at one of three major junctures of the life cycle of your…
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