How to Set Fees in Private Practice

How to Set Fees in Private Practice

One of the most important decisions you’ll make in your therapy practice is how to set your fee structure. Setting a fee structure is all about balance. You must balance the needs of your business with your clients’ resources and willingness to pay. Charging too much will likely limit you to mostly high-income individuals. Charging too low can make your practice very inclusive, but keep this in mind: If you close your practice because it’s not financially sustainable, you are no longer benefiting your clients with the therapeutic help they need. In this article, we will cover two classic pricing…
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Solo Retirement Plans: The SEP-IRA vs. the Solo-401(k)

Solo Retirement Plans: The SEP-IRA vs. the Solo-401(k)

As a solo entrepreneur (or “solopreneur” as they say nowadays), do you feel like you’re out in the cold watching your employee friends partying inside, celebrating their juicy tax-advantaged retirement accounts? Okay, that’s a weird metaphor and it’s kind of creepy to stand out in the cold and watch people, but you get the picture. How can you, on your own, enjoy similar tax benefits as people who work for large firms and have a whole department to handle their 401(k) plans? Though you have several different retirement options, we’re going to compare two of your best options. First we’ll…
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QuickBooks Online Tips for Your Business

QuickBooks Online Tips for Your Business

As a small business owner, you’re well aware that you are the one who ends up filling in for any task that isn’t outsourced or assigned to an employee (if you have employees). As far as these tasks go, if you don’t do them they don’t get done! On the subject of things not getting done, have you been leaving your company’s digital books tucked away in a dark digital corner, gathering pixelated dust? Well, they won’t reconcile themselves, and not wanting to do the books doesn’t make them go away. We recommend rolling your sleeves up and getting into…
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