Hiring a tax preparer is very important if you are a new business owner. Here you will find a list of things to consider and important documents to gather as you prepare to do your taxes this year.

The first time you consider tax write offs and deductions, it can be overwhelming. Here you will find a comprehensive list of all possible deductions as a private practice therapist.

When you work for yourself as a private practice therapist you have to wear all the hats; you are now the billing department. This is your guide for navigating the confusing world of deductibles, copays and coinsurance.

As a self employed individual, you will need to arrange for disability insurance on your own. Here is all you need to know about disability insurance and how to protect yourself.

I am not talking about social media networking — I’m talking about gaining a general knowledge of the people in your community and building a rapport.

Making arrangements for an unlikely event is about respecting your clients and the therapeutic relationship you have built.

Understanding health insurance is extremely important if you plan to run your own private practice. It’s two fold: you will be working with health insurance companies to get paid; and you need to be sure that you personally are covered with health insurance.

One cannot live off of copays alone. To get paid by insurance companies, you will need to apply for a credentialing contact.

Getting credentialed within an insurance company is necessary if you plan to see patients who plan to pay with their health insurance. It is important to be aware that not all credentialing is the same, and how you get credentialed will matter in the long run. 

Once you have completed the necessary first steps of starting your business, the next step is creating your CAQH profile.

You have made it this far! This is fun right? Yes, it is a lot of work and logistically complicated. But I promise you can do it. This is the third of a three part series on the initial steps to set up your own private therapy practice: malpractice insurance and your W9.

Everything will begin to feel real when you set up your contact information and find an office space that reflects you as a clinician.

First off, it is all about the numbers. This is the first step and must be completed as soon as possible.