January 31, 2019

Are you a legally self employed veterinary surgeon?

According to HMRC, you are considered self-employed (and therefore responsible for filing a Self Assessment tax return) if: * you have the final say in how the business is run * you are responsible for meeting losses as well as profits * you can hire someone on your own terms to work for you * […]
December 31, 2018
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Can your area support another practice?

Often when looking at areas you will see a much high concentration of practices in the better off areas than the poorer ones. This seems obvious, but often the poorer areas offer an opportunity to develop a profitable unit as long as you adapt your practice to match the expectations and financial ability of the […]
November 5, 2018
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The % of SA Practices still operating independently

Latest figures indicate that the corporate sector now own 65% of all Small Animal practices. Their rate of purchase is now slowing due to 1. The numbers remaining 2. The shortage of vets. The result is they are far more selective in their purchases, tending to avoid the smaller units and going for the remaining […]
November 3, 2018
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Problems with the transfer of lease

When you are selling a veterinary practice and a property is owned by a third party, it is essential to get their agreement early on in the process to ensure that the sale  process is not held up. It is worth considering that you pay any costs that the landlord has  to prevent delays, these […]