Last updated on April 28th, 2026Veterinary practices in 2026 are unsurprisingly facing increased price sensitivity among pet owners. The American Veterinary Medical Association (AVMA) has highlighted a downward trend in the number of veterinary visits as households tighten their budgets in response to broader economic pressures. Facing an extended period

Providing high-quality care for patients is the top priority for any veterinary practice. However, veterinary practices must also navigate the many financial, legal, and operational complexities that come with running a business. Surrounding yourself with professionals who understand the unique challenges and needs of veterinary practices can have a profound

Last updated on March 10th, 2026The rise of AI is revolutionizing almost every industry, from finance to manufacturing to healthcare. Veterinary practices are already experiencing the impact of artificial intelligence, a force poised to transform the industry entirely. This article explores the diverse applications of AI within veterinary practices, from

Internal controls are systems and procedures put into place within an organization to safeguard assets, prevent fraud, ensure accuracy and compliance, and support operational efficiency. A strong system of internal controls is essential for your practice to thrive and remain financially healthy. This article highlights important internal control strategies and

As we approach the end of 2025, veterinary practices should consider what needs to be accomplished before December 31 for planning purposes. December is a critical time to tie up any loose ends, double-check your financial reporting, and take steps to reduce your tax liability for the current year. Below

Believe it or not, we’re once again nearing the end of the tax year. With December fast approaching, we want to emphasize the need for timely year-end tax planning and cash management. These two components of financial management work together to support your business and personal goals. Let’s go over

Many small businesses, including veterinary practices, utilize cash basis accounting for their financial records. Cash accounting provides the benefits of simplicity, a real-time view of the business’s cash flow, and greater control over recorded income for tax purposes. However, accrual basis accounting offers a more accurate representation of a practice’s

According to the American Veterinary Medical Association (AVMA), “thirty-nine percent of graduating veterinarians reported having debt between $200,000 and $400,000 in 2024, with just under 16.6% having no debt at all. However, the same percentage (16.6%) of last year’s veterinary graduates had educational debt of $300,000 or higher.” Between tuition,