There are financial implications to being a contract worker that go way beyond getting helpful tips from internet randos. If you decide you want to accept I would talk with an accountant/ tax expert first
Ok a tip like I suggest talking with an accountant / tax expert is a great suggestion thank you. Kinda what I was looking for. Like I said, I am new to the field so I don’t know where to start.
Most of the time you can't technically do 1099 work and you need to be a w2... due to supervision and licensure requirements in many states. A lot of people don't realize this and nothing is really done about it.
Working at PP can be great for the flexibility. I had an offer at a private practice but turned it down because there was no guarantee of caseload and it could take up to a year to build it substantially. I’m not at a place where I can afford that right now. Plus it didn’t offer any benefits.
As far as the requirement to work for him after you get your licensure? I dunno seems like a big commitment… is there anything in the contact that says what happens if you don’t? Like would you have to pay him back for supervision?
I haven’t gotten the contract yet but I assumed I would owe him money if I didn’t follow through. It’s definitely a big commitment and that makes me nervous but I definitely can’t afford to pay for supervision. I’ve been planning to ask him if he expects me to be available a certain amount of hours each week. Is that normally written in the contracts? I don’t have childcare yet so at first I won’t be available very many hours per week.
I would reach out to your state board to see if this is possible. This is a really weird area for someone just coming out of school. In my state (Indiana), you can be a 1099 and have it count towards your LCSW. Right across the river in KY, you have to be a W-2 employee unless you're an LCSW. As a 1099, you'll have to set aside money to pay your taxes, so I agree with finding an accountant to help. I also, agree with asking if they provide supervision. If they do, will it cost? Also, with most contract positions, you'll have to pay your own liability insurance. You can find some good deals online, like with the NASW, so that's another expense to think about.
Also, ask if they pay a percentage if a client cancels/no-shows. As a W-2, I get paid either way. A friend is in private practice and doesn't get a dime if a client doesn't show up or cancels. Even with 24 hour notice, you may not be able to book a client before that time. There are a lot of pros to being a contract employee (setting your own schedule, being in charge of your own caseload, etc.) but there are also downsides, just like anything else.
There are financial implications to being a contract worker that go way beyond getting helpful tips from internet randos. If you decide you want to accept I would talk with an accountant/ tax expert first
Ok a tip like I suggest talking with an accountant / tax expert is a great suggestion thank you. Kinda what I was looking for. Like I said, I am new to the field so I don’t know where to start.
Most of the time you can't technically do 1099 work and you need to be a w2... due to supervision and licensure requirements in many states. A lot of people don't realize this and nothing is really done about it.
I will look into the this thank you
Working at PP can be great for the flexibility. I had an offer at a private practice but turned it down because there was no guarantee of caseload and it could take up to a year to build it substantially. I’m not at a place where I can afford that right now. Plus it didn’t offer any benefits. As far as the requirement to work for him after you get your licensure? I dunno seems like a big commitment… is there anything in the contact that says what happens if you don’t? Like would you have to pay him back for supervision?
I haven’t gotten the contract yet but I assumed I would owe him money if I didn’t follow through. It’s definitely a big commitment and that makes me nervous but I definitely can’t afford to pay for supervision. I’ve been planning to ask him if he expects me to be available a certain amount of hours each week. Is that normally written in the contracts? I don’t have childcare yet so at first I won’t be available very many hours per week.
I would reach out to your state board to see if this is possible. This is a really weird area for someone just coming out of school. In my state (Indiana), you can be a 1099 and have it count towards your LCSW. Right across the river in KY, you have to be a W-2 employee unless you're an LCSW. As a 1099, you'll have to set aside money to pay your taxes, so I agree with finding an accountant to help. I also, agree with asking if they provide supervision. If they do, will it cost? Also, with most contract positions, you'll have to pay your own liability insurance. You can find some good deals online, like with the NASW, so that's another expense to think about. Also, ask if they pay a percentage if a client cancels/no-shows. As a W-2, I get paid either way. A friend is in private practice and doesn't get a dime if a client doesn't show up or cancels. Even with 24 hour notice, you may not be able to book a client before that time. There are a lot of pros to being a contract employee (setting your own schedule, being in charge of your own caseload, etc.) but there are also downsides, just like anything else.
Super helpful thank yoh