Monthly Bookkeeping Routines That Keep Your Veterinary Practice Sale-Ready
Why Sale-Readiness Starts With Monthly Bookkeeping Monthly sale-ready routines include reconciling bank and credit card accounts, categorizing all revenue streams, tracking GST/HST, processing payroll remittances on time, reviewing accounts receivable, filing source documents, and comparing profit and loss to prior periods to catch issues early. The Canadian veterinary sector is growing quickly. According to the CVMA’s 2024 Economic […]
How Intangible Assets Increase Your Practice Valuation
Why Two Nearly Identical Veterinary Practices Can Have Wildly Different Valuations Imagine two veterinary practices in the same city. They have similar revenue, equipment, and staff numbers. On paper, they look almost identical. Yet, when it comes time for a valuation, one is worth significantly more than the other. Why? The answer lies beyond the balance sheet in the […]
The 5-Year Plan to Maximize Your Veterinary Practice Sale Price
Maximizing Your Veterinary Practice’s Value: A Strategic Guide for Canadian Owners As the owner of a growing veterinary practice, you’re juggling patient care with the demands of daily operations. However, the landscape of veterinary medicine in Canada is changing. With corporate entities now owning over 20% of Canadian veterinary hospitals, understanding your practice’s value and planning for […]
Understanding the Value of Your Veterinary Practice
What’s Your Canadian Veterinary Practice Worth? A Guide to Valuation As the owner of a growing veterinary practice, your focus is on caring for animals and the people who love them. You are busy managing day-to-day operations, from patient care to staffing and inventory. But have you ever paused to consider what your business is […]
Avoid a Six-Figure Tax Surprise When You Sell Your Veterinary Practice
Tax Planning Strategies for Selling Your Veterinary Practice in Canada Selling your veterinary practice is one of the biggest financial decisions you will make as an owner. With proper tax planning, you can save a significant amount on taxes and better secure your financial future. Here’s what Canadian veterinary practice owners need to know to […]
