SVA Certified Public Accountants professional Andy Slinger, CPA has authored an article for the Wisconsin Veterinary Medical Association’s (WVMA) Voice newsletter titled “8 Planning Recommendations To Get 2021 Off To a Great Start”.
As 2021 begins, it’s a good time to reassess one’s practice and consider changes that should be implemented in the new year. One item to consider is the development of a plan to achieve three goals or metrics in 2021. Also changing the entity selection could save on payroll and income taxes along with potentially reducing the risk of an IRS audit. Further recommendations are ensuring fees are up to market value, creating a competitive compensation package, benchmarking against key industry metrics to determine where expenses might be high, and refinancing debt while interest rates are low.
Andy is a Principal with SVA Certified Public Accountants, S.C. He advises veterinarians on running a successful practice and achieving their individual financial goals. He helps them set short- and long-term goals in terms of budgeting, cash flow management, overhead management, and tax strategies. In working with practices, Andy also advises veterinarians on their individual tax and financial matters. He focuses on minimizing their taxes and maximizing their financial well-being.
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