Build your practice. See what it pays.
Put in your rate and caseload. This works out what a California practice actually leaves you — after running costs, federal, state and self-employment tax, and the structure you trade under. Every figure traces to the rule it came from.
Everything you bill, from every source. The three numbers in the hero drive it; associates, retreats and a second rate open here.
$0
Set a rate and caseload above to start.
What it costs to keep the doors open. Almost all of it is a Schedule C deduction, so it comes off before profit rather than out of it.
−$0
Nothing entered yet.
Credit card processing fees are a percentage of what you collect, so it moves with gross. Your own health premium is deducted on Schedule 1 rather than C — it lowers income tax but not self-employment tax (IRC §162(l)).
What the business makes before any tax is worked out. This is the number the next chapter argues about.
$0
Gross minus everything it costs to run.
A practice pays you whenever clients pay. This is what it would look like smoothed into 26 equal checks — useful for deciding what to actually move into a personal account each fortnight, and for spotting the two months a year that carry a third payday.
—Set a rate and caseload above.
What the practice pays you, and what you can keep.
Once a month: free tools and apps worth having, better ways to run the admin side of a practice, what other California therapists are actually doing, and anything new here that might save you an afternoon.