Private practice and Finances Flashcards
(uncorrected) marketing methods used to bring in clients
Advertising
(uncorrected )an orderly strategy that accounts for management, finances, mssion of the buisness, location, financial plan
Business plan
a safety net that is recommended to have prior to start of buisness just in case of emergencies and to be maintained throughout every year of buisness
Cash reserve
a legally binding agreement between two or more people, or entities
Contract
done four times a year for Independent contractors, sole proprietors, and other business owners that are considered self employed
Estimated tax
pricing that does not change
fixed costs
is a variety of methods used to reach broad or narrow demographic of prospective clients
Marketing
a business run by a massage therapist , also called self empoyed
Private practice
a marketing strategy to attract clients where discounts can be given based on certain requirements
Promotions
is a withdrawal take from the business account for personal use.
Salary draw
is and income payment to the IRS for persons who work for themselves
Self-employment (SE) tax
the first year of expenses for a buisnesss , that incude, contracts, equipment, licenses , taxes.
Startup costs
expenses that are unplanned but occur during the running of a buisness
Variable costs
