To support the growth within the veterinary industry and address veterinary shortages, the American Veterinary Medical Association (AVMA) has approved two new veterinary schools. One will be on east coast and the other in west.
Long Island University and University of Arizona will both open in the fall of 2020.
U.S. News & World Report just completed their rankings of the best jobs across 17 categories and the veterinarians did well. Below are the highlights:
100 Best Jobs –Veterinarians were ranked #10 in the U.S. News and World Report analysis. They ranked 100 of the best jobs and the veterinary industry performed well.
Visit the U.S. News & World Report analysis for more detail.
According to the American Veterinary Medical Association, veterinary specialists are in short supply and resulting from a lack of residency training programs.
The sheer growth of pet ownership has outstripped the supply. By all means, veterinary specialists are growing at a faster rate than veterinarians overall, but specialists remain a small portion of the veterinary profession. Data from the American Pet Products Association illustrate that pet ownership is on the rise everywhere, with 68% of US households owning a pet in 2018, vs just 50% in 1988.
As those pets are “treated” like a member of the family, the willingness to spend more on pet care and expensive medical procedures are increasing and extending the lives of pets.
Below are a few articles which illustrate the shortage:
Veterinary Specialists in Short Supply – JAVMA
DVM Needed – Veterinary News
Veterinarian Shortage Is Bad for Animals and Humans – Fortune
In the baby boomer days, a pet was added to the family after getting married and having kids. Today, millennials are getting a pet before getting married. And some are getting pets while in college.
Eugene (Gene) O’Neill, NAVC’s deputy CEO and CFO has been appointed by the organization’s board as 
interim CEO. Thomas Bohn is resigning from NAVC and the end of 2019.
Bohn, who joined NAVC in January 2013, helped diversify the nonprofit, tripling its customer base and expanding its portfolio, according to the release. The release credits Bohn for growing the NAVC from hosting a single event—now named the Veterinary Meeting & Expo (VMX) in Orlando, Florida—to a diverse portfolio with magazines, an online news station, a Human-Animal Bond certification program, a service group supporting smaller veterinary associations and an online recruiting tool for veterinarians.
Writeoffs to the Rescue is a book written by top CPA’s and tax professionals about proactive strategies to legally lower your tax obligations. The book is available on Amazon and was released right after tax season in April 2019.
Below is more information on three VET CPA members who contributed to writing this book.
Peter Freuler – Florida CPA – Peter is a licensed CPA in Florida and holds a Bachelor’s degree from Columbia University and Master’s degree from University of Central Florida. He is also a founding member of the VET CPA Association. Click to learn more about his CPA practice focused on veterinary practices and animal hospitals.
Luke Gheen – Colorado CPA – Luke is a licensed CPA in Colorado and holds a Bachelor’s degree from University of Colorado. He also has an MBA from University of Colorado. He is also a founding member of the VET CPA Association. Click to learn more about his CPA practice focused on veterinary practices and animal hospitals.
Mike Manoloff – Texas CPA – Mike is a licensed CPA in Texas and holds a Bachelor’s degree from Indiana University. He is also a founding member of the VET CPA Association. Click to learn more about his CPA practice focused on veterinary practices and animal hospitals.
The VET CPA Association met recently in Chicago to hold our annual summit. Each year, our group meets for a couple days to hash out emerging trends, collaborative initiatives, and identify issues that we need to address to better serve veterinarians, animal hospitals and the broader pet care industry.
Clearly, the pet care industry continues to grow faster than nearly all segments of our economy. This sentiment was echoed in the discussions along with the impact that tax code changes had upon more successful businesses. The growth is undeniable.
Given the success that many animal hospitals and veterinary clinics are having, particularly in large metro areas, our VET CPA Association doubled down on the path needed to become the best in class providers for tax reduction, and educational needs well beyond the current CPA requirements so a higher level of tax reduction coaching can be provided. To accomplish this, a series of technologies were identified to reduce the amount of time that bookkeeping tasks were consuming so time could be reallocated towards tax and profit coaching, which is what most successful businesses want.
