Is 26% Too High For Staff Expenses?
By Erin Hern | in
|
12/8/2011 - 9:54 am
Dear Jerry,
I enjoyed your recent lecture on cost control and practice overhead.
Here is my situation. I have a one man practice that will gross $1.2 Million this year.
I watch my overhead carefully. But, my total staff expenses, which includes all payroll taxes and related benefits, have risen to 26% of collected gross revenues. I know that is higher than you recommend.
My cost of goods, on the other hand, is only 24% of collected revenues. I think that is lower than the suggested range in the Hayes 7 Key Expenses.
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