- Aged Care
- Enterprise Services
Before choosing an appropriate entity for operating your veterinary business, you need to carefully analyse all the commercial and taxation Robe de soirée longue implications. You need to consider, not only the immediate issues, but more importantly, prospective commercial and family issues that may arise.
There are a number of entity structures (or combinations of) that may be considered and each of these business entities have different legal, tax and commercial characteristics.
The choice of entity structure is complex and specialist advice should be taken prior to making a decision.
Financing your Veterinary Practice
Whilst confidence within the industry is always high, dealing with banks now takes more patience and needs a good understanding of the financial system.
Financing your veterinary practice can become messy and complicated if you don’t communicate the right message to your banker.
Guild Accountants can work with you to ensure that -
- You understand the impact of your debt on your financial situation by setting out your expected profits and cash flows
- You are communicating the right story to your bank manager about how your veterinary practice is performing or what your forecasts mean
- You have the right operating structure to take advantage of different income tax rates to reduce the effect of tax on your debt repayments.
We will make sure that your veterinary practice is presented in the best light because we understand how the banks will assess your veterinary practice’s value. We will ensure that:
- The bank takes security over assets where necessary to ensure you have the right security position and that you don’t expose other family assets unnecessarily
- You get the most appropriate finance. We work with Guild Commercial Finance who are experts in dealing with banks and are up to date with what’s on offer
- You get the right legal outcome through the help of Guild Lawyers
Valuing a veterinary practice
At Guild Accountants we have completed numerous valuations and examined many and varied veterinary businesses.
We have also acted as expert valuer for financing purposes as well as partnership disputes.
We can work with you to ensure that -
- We have asked the right questions to obtain all necessary information about your veterinary practice
- The valuation report is prepared in accordance with the instructions pertaining to your circumstances
- The final result is a fair value of the target veterinary practice so that you can use the valuation for its intended use without delay or question
- The valuation is prepared in a timely manner so that it can quickly serve its purpose.
We can provide quotes for veterinary practice valuations required for a wide range of circumstances.
If you would like to further information about the business structures, finance and valuations, please call the Guild Accountants veterinary team on 1800 101 296 or email us at firstname.lastname@example.org.
Alternatively, if you are a member of the Australian Veterinary Association, please visit www.ava.com.au and login in as a member to explore the Guild Accountants guides for Vets.