The Private Practice Academy Podcast
Are you a psychologist looking to create a sustainable and profitable private practice, but you’re intimidated by how much you need to learn and worried about sacrificing your freedom in the process? Join Kerstin Anderson-Ridge, a clinical and counselling psychologist and business mentor, as she shares her journey and interviews other therapists to share theirs too. If you want to create, build and sustain a profitable private practice, this show is for you.
The Private Practice Academy Podcast
8. Contractors or Employees: Which is Best For Your Practice?
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When you have more referrals than you can cope with, you might decide that it’s time to expand your practice. But how do you decide whether to take on an employee or a contractor?
Throughout my time as a practice owner, I have had both, so in this episode I’m sharing with you the difference between them so that you can work out which one is best for your practice.
In this episode, I’ll chat about:
- The fear I had about not being able to pay an employee
- Whether having a contractor is easier than an employee
- Which is more cost effective (one has a 20% higher return!)
- What to do about supervision
- How to handle superannuation for contractors
- Paying wages and taxes for employees
View the difference between employees and contractors according to the Australian Tax Office here.
This episode is sponsored by Moonraker AI.
Find out how to work with me: https://www.privatepracticeacademy.com.au/services
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