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Hugh Duffy

New Veterinary Colleges Moving Forward

January 23, 2020 by Hugh Duffy

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.

 

Filed Under: Pet Hospital CPA - Veterinarian Near Me

Veterinarian Jobs are Top Notch – US News & World Reports Ranking

January 14, 2020 by Hugh Duffy

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.

Filed Under: Animal Health Best Practices Tagged With: Veterinary Jobs

Veterinary Specialists in Short Supply

October 2, 2019 by Hugh Duffy

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.

 

Filed Under: Pet Hospital CPA - Veterinarian Near Me Tagged With: Pet Ownership Growth, Veterinary CPA Accountants Growth, Veterinary Practice Growth

New Interim CEO for NAVC

October 2, 2019 by Hugh Duffy

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.

Filed Under: Animal Health Best Practices, Pet Hospital CPA - Veterinarian Near Me Tagged With: Veterinary Medicine News

VET CPA’s Participate in Best Selling Book

August 8, 2019 by Hugh Duffy

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.

Filed Under: Uncategorized Tagged With: Best selling authors on taxes, Pet Hospital CPA Accounting, Veterinary Practice CPAs write best seller

VET CPA Summit

June 10, 2019 by Hugh Duffy

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.

  • pet care ownership over the last 30 years has gone from 56% to 68%
  • millennial and gen Z are embracing pet ownership to a higher degree than baby boomers
  • pet food owners are requesting better ingredients (Blue Buffalo growing double digits, premium food growth)
  • online private label brands are being created (Amazon and Chewy.com)
  • direct-to-consumer trend growth for pet owners
  • expensive medical procedures are more common as pets become part of the family

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.

 

Filed Under: Animal Health Best Practices, Pet Hospital CPA - Veterinarian Near Me Tagged With: CPA Accounting for Animal Hospitals

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