Welcome to the Piano World Piano Forums
Over 2 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

the Forums & Piano World

This custom search works much better than the built in one and allows searching older posts.
(ad) Yamaha CP4 Rebate
Yamaha CP4 Rebate
(ad) Pianoteq
(ad) Pearl River
Pearl River Pianos
(ad) P B Guide
Acoustic & Digital Piano Guide
(ad) Lindeblad Piano
Lindeblad Piano Restoration
Who's Online
136 registered (AndreaS85, anamnesis, Amosdoll, 36251, Abby Pianoman, Almaviva, 37 invisible), 1444 Guests and 10 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

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*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
*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
ezpiano.org Offline
1000 Post Club Member

Registered: 05/10/11
Posts: 1036
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...

Piano books
Communication (cell phone)
Office supplies
Health Insurance
Quarterly Tax

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
Watch the introduction video on YouTube
@ http://bit.ly/Ready123

(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: ezpiano.org]
musicpassion Offline
1000 Post Club Member

Registered: 12/30/12
Posts: 1262
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

#2007261 - 12/31/12 10:32 PM Re: IMT (Independent Music Teacher) expenses at healthy ratio [Re: ezpiano.org]
Morodiene Offline
Yikes! 10000 Post Club Member

Registered: 04/06/07
Posts: 12562
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

#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: 1646
Loc: northern California
Are you taking all the deductions you can, for tax purposes?
Piano Teacher

#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: 1262
Loc: California, USA
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

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

Registered: 03/18/06
Posts: 7507
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


Moderator:  Ken Knapp 
Shop our Store for Music Lovers!
PianoSupplies.com is Piano World's Online Store
Please visit our store today.
circle of 5ths coaster
(ad 125) Sweetwater - Digital Keyboards & Other Gear
Digital Pianos at Sweetwater
(ad) Hal Leonard Teacher VIP
Hal Leonard Teacher VIP Your Source for Piano Music
Ad (Seiler/Knabe)
Knabe Pianos
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
New Topics - Multiple Forums
Piano Recitals by UNKNOWN pianists.
by GeePee
46 minutes 8 seconds ago
Where do you live and how's business?
by pavanne1
Today at 09:33 PM
Having a hard time transitioning to a heavier key action
by symphonicfinale
Today at 07:06 PM
Teaching a Four Year Old
by DameMyra
Today at 06:39 PM
DP + Backing Track
by doremi
Today at 05:58 PM
What's Hot!!
Trade Regrets: Gary Trafton - Piano Rep
Historic Piano Documents
Posting Pictures on the Forums
Forums Rules & Help
on Piano World

The world's most popular piano web site.
Forum Stats
78,715 Registered Members
43 Forums
162,856 Topics
2,390,484 Posts

Most users ever online: 15,252 @ 03/21/10 11:39 PM
Sheet Music Plus (125)
Sheet Music Plus Featured Sale

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 - 2015 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission