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What is the unique approach of our veterinary financial advisors team
 

 

Burzenski & Company is unique in that we solely have dedicated ourselves to the veterinary profession and that means that we just don't provide general veterinary accounting services. And even when we do, I think we also do that a little differently. If practices hire a general accountant, basically that general accountant is going to know how to assist with maintenance the books and records and proper preparation of the tax return.

 

General accountants will do fine in terms of tax advice, and we do that as well. So even though we have this expertise in veterinary medicine, we understand and know that we have to fulfill the obligations of a general accountant, and we're going to do that quite well and in a veterinary way. So, we're applying or correlating tax law to the veterinary profession per se, and what's important to a veterinarian from a tax perspective.

 

We will work with a client in understanding what their financial results are in practice throughout the year. At the end of a nine-month period of time, we typically will go through and project out where we expect a client's financial result to be and how that relates to the amount of taxes that they might owe. We want to tell our clients well before the end of the year in terms of what those tax obligations might be. so we might have some opportunity to plan and reduce them. And we don't want to create surprises to our clients by letting them know what their tax balances are 30 days before or even 15 days before or even the day before those taxes are due.

 

So we spend a lot of effort and make sure we go out of our way to really communicate well, to get our clients to understand what their tax obligations will be, what kind of cash they'll need to prepare for on April 15th, and also to talk during the year, not after the end of the year, when you can't do anything, but during the year as to how to minimize those taxes with some things that might pop up or present themselves even through the discussions that we have with our clients throughout the year. So, we think we do a pretty good job from a general accounting perspective. We offer bookkeeping services if our clients need them, so we can take books and records from the very start to let them know that we have that capacity where our bookkeepers are told to approach our clients as if they were an extension of their team, financial team, or their employee team to make sure that there was good communication as to how to complete a set of books and records.

 

And also, you know, in today's fast paced world, people want information, and they want it quickly. We prepare stat reports that come directly from veterinary software, correlate that or integrate that with our accounting results so that practice owners are seeing full financial pictures either on a monthly basis, quarterly basis, twice a year basis. We try to put together programs to suit our clients needs based upon their requirements, not our requirements. How often do you want to be in touch with your financial results? You want to do that monthly? Do you want a lot of coaching that will keep your head above water and on top of your financial results? Do you want to do that quarterly or just twice a year?

 

We can handle it any way you want, based upon what your needs are and based upon what your budget is. So, we're here to serve our clients, not our own need, and to make sure that, again, that we are passionate about making sure that the practices we do work for are financially successful.


By Test User November 13, 2024
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