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 […]
Read More… from Tax Outlook after the 2024 Presidential Election
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. […]
Read More… from When Was the Last Time You Reviewed Your Health and Safety Programs?
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 […]
Read More… from Supporting Pregnant Employees: Tips for Veterinarian Employers
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 […]
Read More… from Veterinary Retirement Planning: Secured Future for You and Your Family
The advice “raise your prices and see more clients” is no longer sufficient for running a healthy veterinary practice. The latest VetWatch® Weekly Insight Report shows a year-to-date revenue increase of 3.5 percent compared to the same period last year at veterinary practices across the country. However, unique clients were down 1.3 percent, total invoices […]
Read More… from It’s Time to Revisit the Basics & Focus On Client Reminders
We’ve all heard the saying “don’t discuss money, politics or religion in polite company” but I think there’s something to gain by sharing some of your practice’s financial insight with your team. I’m not saying you need to have an open-book policy, but there can be several benefits to divulging a few key numbers. Communicating […]
Read More… from Sharing Financial Information With Your Team
In the ever-changing competitive and demanding environment of veterinary medicine, a solid operational foundation is fundamental. From a business development standpoint, a solid operational foundation makes it easier to scale your practice as it grows. With clear processes and documentation, new branches or additional services can easily be added without disrupting the existing operations. Clear […]