Determining the right pricing for your therapy services is one of the most critical decisions you will make when running a private practice. Setting your rates too low could mean struggling to make ends meet, while setting them too high may make it difficult to attract clients. Your rates need to balance profitability, sustainability, and…
Starting your own therapy practice is an exciting step in your professional journey, but it also comes with a host of financial challenges. The first year in private practice can be unpredictable, which is why creating a solid budget is crucial. A well-crafted budget will help you manage your finances, plan for both expected and…
Managing taxes as a therapist in private practice can be a daunting task. Between client appointments, managing administrative duties, and taking care of yourself, taxes can easily become an afterthought. However, improper tax management can lead to costly tax mistakes, penalties, and unnecessary stress. To help you stay compliant and stress-free, we’ve compiled a list…