Finance Archives

COGS Myopia

COGS is expressed as a percentage of total gross income.

Rather than sell his practice to the highest bidder, an Arizona veterinarian made his employees the owners.

If you want the best price for your practice, it must be profitable without you.

Are you prepared for the new IRS partnership audit regime?

About 60% of first-year DVM students carry no undergraduate debt

Determining how long you intend to use an asset is essential in deciding whether you choose Section 179.

Paying team members, increasing salaries, maintaining the clinic, purchasing new equipment and enhancing profits require you to increase your fees.

Notify your employees as soon as you know their paychecks will be reduced or delayed.

Like tracking COGS as a percentage of revenue, you must understand the cost of employing everyone who is not a veterinarian.

Team members tend to know each other’s pay, particularly within their job role.

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