Do you feel overwhelmed with the management side of your business? You shouldn’t have to spend your evenings trying to code bank transactions and worry if your MWI bill is paid. Automate those things! Read more here.
What if you can help your employees with their retirement and their student loans at the same time. All tax-deductible! It all seems to be in making… In the veterinary industry, 3.1% of gross revenue is spent on benefits packages. That number is based on the recently published Financial and Productivity Pulsepoints (10th Edition), and it is… Continue reading Student Loan Twist
Some people say, if it’s not broken, don’t touch it, if it’s working, why look for something better. If your practice is paper only, and you are just now looking into getting a practice management software, stay tuned for our next blog on how to turn a paper only clinic to paperless one in 2… Continue reading 4 Steps to Consider Before Changing Veterinary Software
After gathering up all my tax documents, my preparer calculated my tax returns and I am getting a small refund. A fancy dinner refund, but I am excited just the same! On my way to the dentist, I stopped at the office to pick up my documents and sign the paperwork authorizing electronic e-file.… Continue reading My Identity Has Been Stolen
Many veterinarians use a car or truck for business and/or personal use. Are you aware of what you need to keep and how to account for your expenses? That vehicle that sits at your clinic overnight and that you never take home or use it to run for a soda at the gas station might be 100% business use. These… Continue reading Auto Deduction for Veterinarians
Here are some examples to help you understand what is and what isn’t deductible. Cost of a package that includes a ticket to a charity gala event. – The charitable portion is still deductible, rest is considered entertainment and will not be deducted. Show ticket – Going to WVC in Las Vegas it’s always fun.… Continue reading Meals and Entertainment at the Veterinary Clinic – What Are The Changes Under New Tax Law?
We outlined some of the major provisions effecting a veterinary practice in our most recent blog post. Since then, our wise Washington leaders took it upon themselves to reinstate many of the tax credits and deductions that expired December 31, 2016, retroactive back to January 1, 2017. Yes, provisions that went by the wayside over… Continue reading How Will the Recently Passed Tax Laws Effect Your Veterinary Practice – Part 2
Although the Tax Policy Center estimates that the bottom 80% of individual taxpayers (those with income under $149,000) will only receive 35% of the benefit in 2018, this new law will definitely effect you and your practice. Here are some of the key areas of the new law that will surely effect you, your veterinary… Continue reading How Will the Recently Passed Tax Laws Effect Your Veterinary Practice – An Introduction…
Paying by: Let’s say there is only one check left that you have to issue because the vendor doesn’t accept anything besides cash and checks. It’s every month. Check Total of $3.426/month ($41.112) Cost of check – 80/250 ($80 for 250checks) = $0.32 Person ordering the checks and when they come unpacking and storing them… Continue reading How Much Does it Cost You When People Pay by Check?
Main reasons why people don’t do budgets because they find it boring, unnecessary, they don’t have time, find it difficult or lack the confidence in making money-related decisions. Budgeting in 4 steps! Step 1 – Track your expenses – There are two ways to do this. Hard way and easy way! I used to write… Continue reading Tell Your Money Where To Go