Let’s face it, veterinary medicine is hard work! It requires years of school, significant financial investment, and sometimes, sleepless nights to build a business to serve your community, clients, and employees. Unfortunately, when an employee decides to steal from the business, it can feel like a personal betrayal and lead to a loss of trust […]
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For many veterinary practices, feline patients make up a smaller portion of their caseload than dogs. Yet, according to the American Veterinary Medical Association, there are more households in the United States with cats than dogs. One of the biggest barriers to seeing more cats is communication—both in how we engage with cat owners and […]
In the fast-paced world of veterinary medicine, efficient financial management is crucial for both the health of the practice and the well-being of the animals it serves. One powerful tool that can significantly enhance a veterinary clinic’s financial management is the American Animal Hospital Association (AAHA) Chart of Accounts (CoA). This framework provides a standardized […]
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Boosting online pharmacy revenue has never been more important in today’s shifting veterinary industry. Pet owners are prioritizing convenience and competitive pricing, so practices must adapt their services to meet these expectations. At the same time, fully utilizing an online pharmacy can help lower the Cost of Goods (COGs) eating up revenue and collecting dust […]
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Your veterinary staff is the backbone of your practice. From skilled veterinarians to compassionate technicians and dedicated administrative personnel, their contributions are invaluable. Offering competitive wages and benefits is not just a way to retain top talent—it’s also a smart financial strategy. Many of these expenses are tax-deductible, helping you support your team while keeping […]
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Conference season is here! As I reflect on my seemingly chaotic few days at VMX, I’m thinking about what I could have done better. No matter if it’s you or a team member, attending any conference is an investment in professional growth, but it comes at the expense of, well, expenses and time away from […]
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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 […]