Welcome to the Piano World Piano Forums
Over 2.5 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

Gifts and supplies for the musician

SEARCH
the Forums & Piano World

Trying Something New with Search
(ad)
Pearl River
Pearl River Pianos
(ad) Pianoteq
(ad) Lindeblad Piano
Lindeblad Piano Restoration
(ad)
Piano Buyer Guide
Acoustic & Digital Piano Buyers Guide
Who's Online
133 registered (36251, Almaviva, anamnesis, ajames, Albunea, 31 invisible), 2030 Guests and 13 Spiders online.
Key: Admin, Global Mod, Mod
(ad) Estonia Piano
Estonia Pianos
Quick Links to Useful Piano & Music Resources
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers
*Organs

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*Live Piano Venues
*Music School Listings
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Piano Books
*Piano Art, Pictures, & Posters
*Directory/Site Map
*Contest
*Links
*Virtual Piano
*Music Word Search
*Piano Screen Saver
*Piano Videos
*Virtual Piano Chords
Topic Options
#2007215 - 12/31/12 08:45 PM IMT (Independent Music Teacher) expenses at healthy ratio
bzpiano Offline
1000 Post Club Member

Registered: 05/10/11
Posts: 1090
Loc: Irvine, CA
Last day of 2012, this year, I am doing a ratio here:
For every $100 that I receive from parents, I only pocket $65 because $35 goes to tax and business expenses such as...

Dues
Piano books
Rent
Communication (cell phone)
Education
Office supplies
Postage
Health Insurance
Advertisement
Printing
Quarterly Tax
etc.....

I like to know if this is a healthy ratio? How about other piano teachers? What is your ratio?


Edited by ezpiano.org (12/31/12 08:46 PM)
_________________________
Piano lessons in Irvine, CA
Follow my 4YO student here: http://bit.ly/FollowMeiY

Top
(ad)
Piano & Music Accessories
piano accessories music gifts tuning and moving equipment
#2007233 - 12/31/12 09:05 PM Re: IMT (Independent Music Teacher) expenses at healthy ratio [Re: bzpiano]
musicpassion Offline
1000 Post Club Member

Registered: 12/30/12
Posts: 1619
Loc: California, USA
I don't know if it's a healthy ratio or not.

My ratio would be higher than that, however. There are many things you listed that I don't pay for out of tuition (the money from parents/students): piano books, cell phone, education, postage, advertisement, printing.

That leaves my main expenses as rent and health insurance. My health insurance is fairly inexpensive thanks to my age, health, and the fact it's not really a very good plan.
_________________________
Pianist and Piano Teacher

Top
#2007261 - 12/31/12 10:32 PM Re: IMT (Independent Music Teacher) expenses at healthy ratio [Re: bzpiano]
Morodiene Online   content
Yikes! 10000 Post Club Member

Registered: 04/06/07
Posts: 14162
Loc: Boynton Beach, FL
That seems about right. It's definitely hard to make a living with that, however. But I'm not really sure what you can do about it. Actually, the more students you have, the better the ratio, of course, because most of those expenses don't increase with an increased number of students (you'll pay the same rent, so more students means more money you get to "keep").

musicpassion: Where are you getting the money to pay for your cell phone, education, postage, advertising and printing if not from tuition?
_________________________
private piano/voice teacher FT



Top
#2007270 - 12/31/12 11:14 PM Re: IMT (Independent Music Teacher) expenses at healthy ratio [Re: musicpassion]
Barb860 Offline
1000 Post Club Member

Registered: 04/11/09
Posts: 1649
Loc: northern California
Are you taking all the deductions you can, for tax purposes?
_________________________
Piano Teacher

Top
#2007271 - 12/31/12 11:18 PM Re: IMT (Independent Music Teacher) expenses at healthy ratio [Re: Morodiene]
musicpassion Offline
1000 Post Club Member

Registered: 12/30/12
Posts: 1619
Loc: California, USA
Quote:
musicpassion: Where are you getting the money to pay for your cell phone, education, postage, advertising and printing if not from tuition


Postage: I hardly mail anything. I mail a few things on behalf on our association, but those expenses are reimbursed. Correspondance to my students/families I hand out in lessons.

Advertising and Printing: these expenses are paid by recital fees/donations. Some of our recitals have a set fee, some are a donation basis. These funds pay for program printing, etc.

Cell phone: that's a personal expense. My tax expert told me I can't claim my cell phone as a business expense as I also use it for personal use. Maybe she's wrong, but I'm sticking with her advice.

Education - I assume you mean continuing education for us the teachers? I've finished my university degree some years ago and am not currently working on another. So I don't have those major expenses right now. I am certainly active in continuing my learning, but that doesn't have to cost much. Our association has free workshops, masterclasses and events designed for continuing education. And occasionaly I've taken lessons with an expert in a particular area. So I guess whatever it costs does come out of my tuition fees.
_________________________
Pianist and Piano Teacher

Top
#2007402 - 01/01/13 09:59 AM Re: IMT (Independent Music Teacher) expenses at healthy ratio [Re: bzpiano]
John v.d.Brook Offline
7000 Post Club Member

Registered: 03/18/06
Posts: 7639
Loc: Olympia, Washington, USA
I don't think you're too far off the mark. Many of these expenses are fixed, so they do not vary with the number of students you have. An example might be rent, or heating, so increasing your teaching load has the effect of cutting the ratio, where as if you lose students, the ratio will increase.
_________________________
"Those who dare to teach must never cease to learn." -- Richard Henry Dann
Full-time Private Piano Teacher offering Piano Lessons in Olympia, WA. www.mypianoteacher.com
Certified by the American College of Musicians; member NGPT, MTNA, WSMTA, OMTA

Top

Moderator:  Ken Knapp 
What's Hot!!
Piano Summit 2017 - Join Us!
along with Chick Corea, Jonathan Cain,Set Rudetsky, Ray Chew, Onree Gill ...
-------------------
Posting Pictures on the Forums
-------------------
Forums Rules & Help
-------------------
ADVERTISE
on Piano World

-------------------
Piano Classified Ads
(125ad)
Piano Life Saver - Dampp Chaser
Dampp Chaser Piano Life Saver
Ad
Let Your Piano Sing
Let Your Piano Sing
Piano Acc. & Gift Items in
Piano World's Online Store
In PianoSupplies.com ,(a division of Piano World) our online store for piano and music gifts and accessories, party goods, tuning equipment, piano moving equipment, benches, lamps Caster Cups and more.


Free Shipping on Jansen Artist Piano Benches
New Topics - Multiple Forums
Brodmann PE-187 vs Seiler ED-186 vs Cunningham Parlour
by Pneuma
09/28/16 03:43 PM
Sheet music for 20th Century Songs
by DiarmuidD
09/28/16 01:35 PM
What song is this?
by Pneuma
09/28/16 12:58 PM
Yamaha NU-1 questions
by CyberGene
09/28/16 09:54 AM
Digital Metronome Recommendations
by cluelesspianist
09/28/16 08:47 AM
Forum Stats
85,090 Registered Members
44 Forums
175,392 Topics
2,558,831 Posts

Most users ever online: 15,252 @ 03/21/10 11:39 PM

Visit our online store for gifts for music lovers

 
Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
 
Our Piano Related Classified Ads
|
Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World | Donate | Link to Us | Classifieds |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter | Press Room |


copyright 1997 - 2016 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission