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Hear about the collaborative approach of our veterinary team
 


 

So Burzenski & Company has been around as an accounting firm since 1983. In 1986, I came to the firm and in 1988 became a partner. It was at that time, or even just a little bit before I got here, that my interest grew in the field of veterinary medicine and began to work with some industry consultants in the industry that allowed us to gain experience and work more with practices over a very long period of time, you know, up until today. We have always done a lot of financial work for veterinary practices but wanted to enlighten our staff and our clients to the fact that, you there was more than just financial activity associated with the practice of veterinary medicine that management consulting had a strong element of complementary activity that could be of significant help to our clients.

 

And so, with that in mind, we had an opportunity to bring in Monica Dixon Perry, who has many years of experience. She can give you a little bit about her background. Her services that she renders in the veterinary space complement what we do very nicely. So, we're strong in the numbers and Monica is very strong on the management operational aspects of practice.

 

We are now combined with the client that can bring them all aspects of the work that we can do for them and find it very complementary in the things that we offer by suggesting that we understand the numbers and we also understand what are the operational issues. Today we understand and know that veterinary practices are dealing significantly with employment issues, finding employees, paying employees properly, dealing with employee issues with regard to just happy workplace and everything that that may entail falls over to the financial space as well, where we can advise clients exactly what needs to take place on the monetary side to make sure that practices are not only addressing their employee issues, but also making sure that they can afford those employee issues and make their employees happy as well as their financial results happy. So that I think that's how we kind of work together. Monica, I don't know if you can add something to that in terms of what you think we do complementary. That might be nice to hear.

 

Yes. Well, the unique story behind Gary and I is that we actually started working together back in 1994 where he was my former practice’s CPA. He actually is still their CPA and I joined as a practice manager. So, my first introduction to financial management in the veterinary world was under Gary's direction. And the beauty of that is that I was learning about financial management, the numbers aspect of it, but also learning about managing a practice, and they definitely go hand in hand.

 

So, Gary could tell me that my payroll expenses needed to be X-Y-Z according to the benchmarks of the time, the number aspect I got, but the management, the understanding that how you make sure you're at the benchmark is how you're staffing your employees, how you're setting their compensation. All of that ties in. And yes, the numbers, that's something that we have to look at from the bottom-line perspective. But how do you get the numbers where they need to be? That's where the consultation part comes into play. So, if Gary sees something on paper that is a little bit out of whack, then that's where he can say, Monica, can you, work with this client to get those numbers where they need to be from a managerial standpoint.

 

So, I think that's where we are able to work hand in hand. And I love the fact that unbeknownst to us back in the nineties is where this relationship began and how we were collaborating way back when. And here we are, you know, in 2022, still collaborating and helping practices to be as successful as they can.

 



07 May, 2024
Click here to hear the podcast with Gary Glassman, CPA: https://www.buzzsprout.com/536560/15017840
21 Apr, 2024
Monica Dixon Perry, CVPM, will participate on a VMAE Panel at the VMAE Summer Conference, Saturday, June 22, 2024 10:30 AM-11:00 AM (UTC-05:00) Eastern Time (US & Canada). Austin, TX
15 Apr, 2024
“Through innovative hospital design, we're revolutionizing the veterinary experience by prioritizing technology, improving workflow efficiency, and providing exceptional patient care. These nominations are a testament to the advancement of our profession for the greater good of our patients, clients, and team members,” Adam Christman, DVM, MBA, chief veterinary officer at dvm360.
27 Mar, 2024
Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (CTA). The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from individuals who own or control a company. Under the CTA, BOI reports will not be filed with the IRS, but with the Financial Crimes Enforcement Network (FinCEN) https://www.fincen.gov/. This law affects many small businesses and legal entities, including veterinary practices and real estate entities that own veterinary practice facilities. The law requires the reporting of detailed information about individuals affiliated with these companies, who ultimately own and/or control them. Please understand: IGNORING the filing requirements will result in severe punishment, including fines of $591 for each day of noncompliance (as of 2024, and annually inflation adjusted), up to $10,000, and up to two years imprisonment.
16 Mar, 2024
The Strategic Growth Alliance, SGA Inc., will host Wendy Hauser, DVM, founder of Peak Veterinary Consulting at their May 18th meeting in Miami Beach, FL. Dr Hauser has practiced for 35-plus years as an associate, practice owner and relief veterinarian. She has worked in the animal health industry as a pet health insurance executive as well as a technical services veterinarian. She is a member of the AVMA Veterinary Economics Strategy Committee. Dr. Hauser consults with both industry partners (established and emerging) and individual veterinary hospitals. SGA, Inc. is a membership-based study group created in 2010 for veterinary practice owners.For info call Gary Glassman at gary@burzenski.com
13 Mar, 2024
To help taxpayers with filing, the Internal Revenue Service today debunked some common myths to help taxpayers understand what to do with Form 1099-K. Following feedback from partners and to help avoid taxpayer confusion, the IRS announced in Nov. 2023, that the reporting threshold for Form 1099-K, Payment Card and Third Party Network Transactions, would not change for 2023. The reporting threshold requirements remain over $20,000 in payments and over 200 transactions. The IRS continues to see misinformation circulating about why taxpayers may or may not have received a Form 1099-K. Here are some common scenarios involving these forms. More information is also available at IRS.gov for what to do with Form 1099-K and frequently asked questions.
13 Mar, 2024
Registration is closed for the virtual presentation that Monica Dixon Perry, CVPM, Director of Veterinary Consulting Services, Burzenski & Company, PC will give on May 5th, sponsored by AAHA, Veterinary Management Institute (VMI).
22 Feb, 2024
IR-2024-47, Feb. 21, 2024 WASHINGTON — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2024. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Here’s a complete list of the new rates: 8% for overpayments (payments made in excess of the amount owed), 7% for corporations. 5.5% for the portion of a corporate overpayment exceeding $10,000. 8% for underpayments (taxes owed but not fully paid). 10% for large corporate underpayments. Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus three percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus three percentage points and the overpayment rate is the federal short-term rate plus two percentage points. The rate for large corporat
04 Feb, 2024
The Child Tax Credit helps families with qualifying children get a tax break. You may be able to claim the credit even if you don't normally file a tax return.  Who Qualifies You can claim the Child Tax Credit for each qualifying child who has a Social Security number that is valid for employment in the United States. To be a qualifying child for the 2023 tax year, your dependent generally must: Be under age 17 at the end of the year Be your son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of one of these (for example, a grandchild, niece or nephew) Provide no more than half of their own financial support during the year Have lived with you for more than half the year Be properly claimed as your dependent on your tax return Not file a joint return with their spouse for the tax year or file it only to claim a refund of withheld income tax or estimated tax paid Have been a U.S. citizen, U.S. national or U.S. resident alien You qualify for the full amount of the 2023 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than $200,000 ($400,000 if filing a joint return). Parents and guardians with higher incomes may be eligible to claim a partial credit. Use our Interactive Tax Assistant to check if you qualify . How to Claim This Credit You can claim the Child Tax Credit by entering your children and other dependents on Form 1040, U.S. Individual Income Tax Return , and attaching a completed Schedule 8812, Credits for Qualifying Children and Other Dependents . Information if the IRS Audits or Denies Your Claim: What to do if we audit your claim What to do if we deny your claim How to claim the credit if we denied it in the past
03 Feb, 2024
Monica Dixon Perry, CVPM will speak at the Texas Veterinary Medical Association Conference & Expo in Irving, Texas on March 2 and 3, 2024. Her topics include: Saturday, March 2, 2024 1:30 p.m. to 5:40 p.m.
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