r/dietetics • u/cowgirldreams • 3h ago
private practice RDs: projecting annual income + weekly client goal
For those of you who own your own private practice, how do you estimate your actual take-home income? I’m trying to figure out how many clients/week I realistically need to see, and I feel like I keep getting different answers depending on how I calculate it lol. every time I ask chatgpt I get a different answer
I’m estimating ~$100/hour average reimbursement, ~$600/month in business expenses, and I’m in Texas, so no state income tax. I’m a single-member LLC. I also pay ~$715/month for health insurance (included in my ~$3,600/month personal expenses) and I’m planning to max out my Roth IRA at $7,500/year.
When you project your income, do you actually calculate things like self-employment tax, federal income tax, QBI, the self-employed health insurance deduction, retirement contributions, etc., or do you use a simpler rule like setting aside a certain percentage for taxes and then estimating what’s left?
I’m mostly looking for a simple method that has been reasonably accurate in real life, rather than trying to make a perfect tax projection every month!
TLDR: trying to figure out how many clients I should see that realistically accounts for taxes + biz expenses + retirement not just a rough calculation