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Starting a group practice workshop (Feb 2023 cohort)
Welcome!
Welcome video (4:28)
Week 1: Decide how to pay your new team member
1.1 Introduction + 5 decisions for compensation (4:46)
1.2 - Contractors vs employees (19:51)
1.3 - How much should you pay clinical team members? (16:26)
1.4 - Templates for various compensation structures (9:18)
1.5 - Part-time vs full-time hires (9:30)
1.6 - Bookkeeping basics (19:51)
Put it into practice!
Live Q&A (54:51)
Week 2: Getting ready to pay your new team
2.1 - Payroll software and setup (43:12)
2.2 - HR considerations (19:26)
2.3 - Benefit options and when to add them (20:06)
2.4 - Time off & benefits set up (11:08)
2.5 - Managing cash flow and hiring (5:48)
Put it into practice!
Live Q&A (52:37)
Week 3: Managing your financial records
3.1 - Gusto sync (5:56)
3.2 - Running payroll (13:01)
3.3 - Bookkeeping basics & best practices (21:22)
3.4 - Expense ratios for group practice (12:54)
3.5 Review your financial reports (19:47)
Put it into practice!
Live Q&A (37:14)
Week 4: Money Mindset for group practice owners
4.1 Your practice deserves to be profitable (9:18)
4.2 Calculate how much money you can expect to make in your practice (9:36)
4.3 Taking care of yourself & owner's pay (16:10)
4.4 Benefits and retirement options for you as the owner (23:33)
BONUS with Katie Vernoy - what kind of leader do you want to be? (46:58)
Live Q&A (42:34)
Week 5: Tax
5.1 Payroll tax (11:36)
5.2 Federal tax, state tax and self-employment tax (11:14)
5.3 Quarterly estimated tax (12:10)
5.4 Tax deductions (16:22)
5.5 Getting ready for year-end (6:40)
Live Q&A (37:45)
Week 6: Wrapping things up
6.1 KPIs & Tracking clinician (financial) performance (13:37)
6.2 Bonuses (15:04)
6.3 Raises (4:01)
6.4 Profit First introduction (21:14)
How GreenOak Accounting can help your group practice (5:14)
Live Q&A (41:55)
2.4 - Time off & benefits set up
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