Owning a veterinary practice is not just about caring for animals — it’s also about managing a business with complex financial and tax considerations. Whether you are buying, selling, or merging a veterinary practice, understanding the tax implications can help you make informed decisions and avoid costly surprises. Buying a Veterinary Practice One of the […]
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We all understand the importance of protecting dogs against Leptospirosis, but now more than ever, it’s important that our clients do, too. For those of us whose visits slow down at the beginning of the year, this is a perfect time to reach out to your clients with a call to action. You should be […]
As we enter 2025, it’s the perfect time to set your veterinary practice on a path toward success. The new year brings fresh opportunities for growth, efficiency, and improved client care. By taking a proactive approach to your financial planning, investing in technology, enhancing client relationships, and focusing on staff development, you can ensure that […]
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With the end of the year fast approaching, it’s a good idea to look ahead and think about when your tax returns will be due the following year. With the holiday season and the start of the new year, it can be very easy to lose track of time and have the tax deadlines come […]
As practice owners and managers, you face a million demands, making goal setting for 2025 both essential and challenging. Having grown a small practice from one DVM to a 12-DVM team, I learned that setting and achieving significant goals requires a careful balance of ambition and practicality. Here are a few tips to help you […]
On November 5, 2024, the United States elected Donald Trump to lead our country for the next four years. With the Republican party regaining control of the White House, they will look to extend the expiring tax reforms they implemented under the 2017 Tax Cuts and Jobs Act (TCJA). Here is an overview of some […]
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As the year winds down, it’s a good time for veterinary practices to review and reinforce their Health and Safety Programs. These programs are essential for protecting employees and clients and ensuring compliance with OSHA standards. Following OSHA protocols, especially maintaining Forms 300 and 301, is mandatory for small businesses with ten or more employees. […]
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When one of our team members comes to us and says they’re pregnant, I bet the majority of us groan internally and say ‘congratulations’ with a strained smile. It’s not that we’re not happy for the new, growing family, but selfishly, that means we’re down an employee while they’re on maternity leave, and we have […]
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A Doctor of Veterinary Medicine can take multiple career paths, all of which will likely fulfill their passion for taking care of animals. These paths may include specialization, relief work, working as an Associate, etc. However, the path toward ownership is ultimately worth consideration as well. Becoming a business owner is not only a significant […]
As a veterinarian, your main priority is to care for other people’s loved ones and enhance their future quality of life. It’s rewarding to know your work helps others in their time of need, but It’s also essential to take a step back and invest into your own future and quality of life. Retirement planning […]
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