The right accountant is vital the success of your business. Beyond managing finances, a skilled accountant offers strategic advice and helps detect fraud – which means the right person can be worth their weight in gold…

Poor profitability is one of the biggest threats facing any veterinary practice – especially start-ups. But Alan Robinson a balanced scorecard approach can provide the kind of comprehensive framework needed for tracking key performance metrics to ensure your new practice thrives…

Increasing the sustainability and lessening the negative environmental impacts of veterinary practice has become one of the key challenges facing the sector. Fiona Farmer explains how overcoming that issue takes time, but making smarter choices certainly accelerates the process…

Business rates have been around for centuries and they have been disliked by those who have to pay them for just as long. But, with the correct advice, Adam Bernstein says there are ways to reduce this burden on your business or even remove it all together…

It is often said that money makes the world go round – just not in most veterinary practices. A lot of vets don’t like talking about it and clients don’t always like handing it over, but there are ways of using tech that can ease this friction, as Oli Viner explains…

With the corporate “buying bubble” now burst and a Competition and Markets Authority investigation underway, it might not seem the ideal time to be selling a vet practice. But Vicky Robinson says it’s not all doom and gloom for those looking to sell, and good deals can still be done if you know where to look…

Budget is king when it comes to any building project – no more so than when the project in question happens to be a new veterinary practice. The physical and regulatory complication of these buildings means informed decisions must be made at every stage if the money isn’t to run out before the doors open…

Kitting out a clinic can be fraught with difficulties. Too much choice is one problem, while financing is another. However, common sense can be drawn on in acquiring what is needed at the lowest possible cost, being tax efficient and considering used equipment…

Pet owners traditionally sought veterinary services on a pay-per-visit basis, often delaying essential care due to financial concerns. However, the subscription model has the potential to revolutionise pet health care by offering a more accessible, comprehensive, and cost-effective approach…

Tax changes that came into force earlier this year could have a big impact on many businesses, including veterinary practices. And those impacts will be even greater for those who have not noted the warnings from HMRC…

Should employers consider giving staff cost of living bonuses? If so, should they be a one-off or a pay rise? And what about offering hardship loans? Beyond these three options are questions over risks of discrimination and poor optics if employees feel embarrassed through genuine efforts to help staff, as Toyah Marshall, principal employment law advisor and solicitor at WorkNest, discusses…

Many people are searching for places to make savings as the cost of living crisis bites deeper. For pet owners, one monthly expense under scrutiny could well be their pet insurance premiums…

New equipment, additional consulting rooms and general refitting are all hallmarks of a practice looking to progress. But such advancements come at a cost, which leads to a natural question: what is the best way of financing these investments?

Finding a buying group is an important decision for anyone setting up on their own practice or thinking about doing so. In this article, Ross Kelly shares his views and explains how collective purchasing power can benefit your business…

The reputation of the insurance industry is one of odds stacked against the insured through contract terms. It’s hardly surprising, then, that some might be tempted to cut corners when seeking cover…

The veterinary sector continues to face numerous challenges, including vet shortages, price inflation and falling practitioner well-being, to name but a few. Against this backdrop, Ernie Ward asks how vets can continue to work effectively, and balance the necessary demands of making a profit and serving a purpose…

With minimum wage rates not long increased, Adam Bernstein reminds employers they have an obligation to pay their staff the right amount – or risk damaging and costly repercussions.

Finance and regulation is the fourth part in our series exploring six core dynamics shaping the veterinary profession today and in the future.

Capital equipment, by its very nature, is expensive and few have the spare cash to pay for it upfront. Even if cash were on hand, it may not make sense to use it to pay for large pieces of equipment when working capital is central to survival…

We know the process of getting credit as individuals, but not everyone appreciates that the same applies to the business world, too. If a practice wants the best terms, it needs to keep on the right side of the agencies and maintain a good credit score…