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W2 vs 1099 in PT Clinics: The Costly Mistake Owners Keep Making

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Manage episode 513075491 series 3573999
Content provided by Joey Allbritton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joey Allbritton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Every PT owner hits this question: ๐˜ž๐Ÿค ๐˜ฐ๐˜ณ ๐Ÿฃ๐Ÿข๐Ÿซ๐Ÿซ?

And almost every time, they get it wrong.

Hereโ€™s the truth โ†’ in 99% of cases, PTs should be W2.

In this video, Dr. Joey Allbritton breaks down the ๐˜๐—ต๐—ฟ๐—ฒ๐—ฒ ๐—–โ€™๐˜€ ๐—ผ๐—ณ ๐—ฐ๐—น๐—ฎ๐˜€๐˜€๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ปโ€”Control, Cash, Connectionsโ€” and why most PT owners hurt themselves (and their teams) chasing the 1099 ๐˜ด๐˜ฉ๐˜ฐ๐˜ณ๐˜ต๐˜ค๐˜ถ๐˜ต.

๐—ช๐—ต๐—ฎ๐˜ ๐˜†๐—ผ๐˜‚โ€™๐—น๐—น ๐—ฑ๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ:

โš ๏ธ Why โ€œalmost nothingโ€ in PT is truly a 1099

โš ๏ธ The fines and risks of misclassification

โš ๏ธ Why unicorn 1099 hires arenโ€™t a growth model

โš ๏ธ How to build profitability with W2 and benefits

โš ๏ธ What to fix if you โ€œcanโ€™t affordโ€ W2

Timestamps:

00:00 โ€“ The 1099 vs. W2 debate in PT clinics

00:22 โ€“ Why Skool group questions come first

00:49 โ€“ Peteโ€™s question: advantages & drawbacks

01:17 โ€“ Why almost nothing classifies as 1099

01:42 โ€“ The three Cโ€™s: Control, Cash, Connections

02:35 โ€“ Why mobile PT is still a gray area

03:03 โ€“ How salons vs. PT differ in classification

03:28 โ€“ The 3 real problems PT owners face

03:59 โ€“ Why Rehab CEOs flipped to a 28-day free trial

04:49 โ€“ State differences in enforcement

06:36 โ€“ Why W2 = culture + buy-in

07:27 โ€“ The risk owners push onto providers

08:22 โ€“ Overpaying evals to โ€œmake upโ€ for no benefits

09:19 โ€“ Why your revenue-per-visit math doesnโ€™t work

09:47 โ€“ Why unicorn hires arenโ€™t a business model

10:45 โ€“ Fix systems before worrying about hiring status

  continue reading

56 episodes

Artwork
iconShare
 
Manage episode 513075491 series 3573999
Content provided by Joey Allbritton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Joey Allbritton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Every PT owner hits this question: ๐˜ž๐Ÿค ๐˜ฐ๐˜ณ ๐Ÿฃ๐Ÿข๐Ÿซ๐Ÿซ?

And almost every time, they get it wrong.

Hereโ€™s the truth โ†’ in 99% of cases, PTs should be W2.

In this video, Dr. Joey Allbritton breaks down the ๐˜๐—ต๐—ฟ๐—ฒ๐—ฒ ๐—–โ€™๐˜€ ๐—ผ๐—ณ ๐—ฐ๐—น๐—ฎ๐˜€๐˜€๐—ถ๐—ณ๐—ถ๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ปโ€”Control, Cash, Connectionsโ€” and why most PT owners hurt themselves (and their teams) chasing the 1099 ๐˜ด๐˜ฉ๐˜ฐ๐˜ณ๐˜ต๐˜ค๐˜ถ๐˜ต.

๐—ช๐—ต๐—ฎ๐˜ ๐˜†๐—ผ๐˜‚โ€™๐—น๐—น ๐—ฑ๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ:

โš ๏ธ Why โ€œalmost nothingโ€ in PT is truly a 1099

โš ๏ธ The fines and risks of misclassification

โš ๏ธ Why unicorn 1099 hires arenโ€™t a growth model

โš ๏ธ How to build profitability with W2 and benefits

โš ๏ธ What to fix if you โ€œcanโ€™t affordโ€ W2

Timestamps:

00:00 โ€“ The 1099 vs. W2 debate in PT clinics

00:22 โ€“ Why Skool group questions come first

00:49 โ€“ Peteโ€™s question: advantages & drawbacks

01:17 โ€“ Why almost nothing classifies as 1099

01:42 โ€“ The three Cโ€™s: Control, Cash, Connections

02:35 โ€“ Why mobile PT is still a gray area

03:03 โ€“ How salons vs. PT differ in classification

03:28 โ€“ The 3 real problems PT owners face

03:59 โ€“ Why Rehab CEOs flipped to a 28-day free trial

04:49 โ€“ State differences in enforcement

06:36 โ€“ Why W2 = culture + buy-in

07:27 โ€“ The risk owners push onto providers

08:22 โ€“ Overpaying evals to โ€œmake upโ€ for no benefits

09:19 โ€“ Why your revenue-per-visit math doesnโ€™t work

09:47 โ€“ Why unicorn hires arenโ€™t a business model

10:45 โ€“ Fix systems before worrying about hiring status

  continue reading

56 episodes

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