Oct 1, 2006
By:
Cynthia Wutchiett, CPA
My partner and I are opening a hospital and we're concerned about our accounting structure. Is a local accountant with a good reputation adequate, or should we find someone who specializes in veterinary medicine? What kind of costs can we expect?
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It ripped this practice apart and the push and pull cost thousands of dollars, the result of poor decision-making, turnover, and lower productivity. Ultimately, they closed their doors. Don't suffer the same fate.
Apr 1, 2006
By:
Cynthia Wutchiett, CPA
Conflict closed this practice's doors for good. Don't suffer the same fate.
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Mar 14, 2006
By:
Cynthia Wutchiett, CPA
Here are the factors owners say they weigh most heavily when deciding about an associate's ownership potential.
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Mar 1, 2006
By:
Cynthia Wutchiett, CPA
The numbers prove it: Selling a part interest to your associate boosts practice value and increases your net worth?plus, this step gives you a clear succession plan. Associates: You win with a buy-in, too.
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Mar 1, 2006
By:
Cynthia Wutchiett, CPA
Of course, greater earning power and financial gain rank as important reasons for ownership. Yet there are more reasons to take this step. Here are some other benefits to owning a practice.
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Jan 1, 2006
By:
Cynthia Wutchiett, CPA
My practice has a steady client base, but we'd like to increase our new clients. What's the most effective way to grow?
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Nov 1, 2005
By:
Cynthia Wutchiett, CPA
A veterinarian I don't know that well offered me an opportunity to work for a clinic she's purchasing, promising that if we're compatible, she'll allow me to buy in. How do I formalize our agreement?
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Practice valuations keep you from inflating or underestimating the value of your practice—a key investment in your portfolio
Mar 1, 2005
By:
Cynthia Wutchiett, CPA
A potential buyer will want to know what it would cost to provide the same services you offer.
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