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For Veterinary Practices

Veterinary Accounting built for healthier margins.

Accounting, tax, and CFO guidance for veterinary practices. Inventory, equipment depreciation, and high-income tax strategy built for the way clinics actually run.

Schedule Your Consultationor call (618) 656-6010
Veterinarian examining a dog in a clinic

Healthier margins for your practice
Inventory, equipment, and QBI planning built in.
3,000+ clients served
Best Accountants, SBM Finalist
AICPA Member Firm
QuickBooks Certified ProAdvisor
Serving clients nationwide
What we solve

Where veterinary practice accounting gets complicated

The multi-stream revenue and SSTB rules most accountants miss.

1
QBI deduction phase-out
As an SSTB, once taxable income reaches the phase-out range your 20% QBI deduction can be reduced or eliminated entirely. Compensation, retirement, and entity-planning decisions are especially important for veterinary practice owners.
2
Heavy tax exposure
Successful veterinary practices often face substantial federal, state, and payroll tax burdens. Without proactive planning, taxes can become one of your largest expenses.
3
Inventory and COGS complexity
Pharmacy, food, and retail stock distort profit when mis-tracked. Real COGS requires proper inventory accounting, not just expensing everything as it is purchased.
4
Blended revenue streams
Medical, boarding, grooming, and retail each perform differently. Without service-line reporting you are managing by intuition, not numbers.
What we do

One firm for the whole financial back office.

Four services, one team, one monthly rhythm, all built around how your practice actually runs.

Accounting
Practice financials you can actually use.
Monthly close with doctor-level P&L
Production vs. collections reporting
CFO-level benchmarking and advisory

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Bookkeeping
Clean, reconciled books every month.
Inventory and pharmacy reconciliation
Up-to-date books by the 10th
Audit-ready records year-round

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Managed Payroll
Your team, paid right, on time.
Full-service payroll runs and filings
Associate DVM and staff pay handling
Owner retirement-plan contributions

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Tax
Planning all year, not just April.
Protect your QBI deduction as an SSTB
Section 179 and equipment depreciation timing
S-corp and entity strategy

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The difference

We do things differently than most accountants.

Most firms are built around volume. File the return, move on, repeat. Here’s what you get with us instead.

What you’re used to
A generalist who treats a vet clinic like a simple service business
Pharmacy and retail inventory buried in operating expenses
Equipment purchased without modeling the tax impact first
QBI deduction lost because comp was not planned in advance
Financials that blend medical, retail, and boarding into one line
With Thompson Flaherty
A CPA built for inventory, SSTB rules, and multi-stream revenue
Pharmacy, food, and retail tracked into true COGS
Section 179 and bonus depreciation timed to your purchases
Reasonable-comp and entity strategy that protects the QBI deduction
Service-line reporting so you see which parts of the practice pay
Getting started

How working together begins

The first call is completely free, with zero pressure and zero obligation. Just a straight, honest read on your practice.

01
Free intro call
Tell us about the practice and your goals. No pressure and no commitment, just a real conversation.
Step 1
02
We review your numbers
We dig into your books, payroll, and prior returns, then show you exactly where we can help.
Step 2
03
We take the wheel
We transition your accounts, clean things up, and put reliable systems in place. Fast.
Step 3
04
Year-round partnership
Proactive planning, fast answers, and ongoing advisory. We’re in your corner all year.
Ongoing
The team

Who you’ll work with

You’ll work directly with the same CPA every time, someone who actually knows your numbers, your goals, and your industry.

Tyler Hawkins

Tyler Hawkins, CPA
Senior Certified Public Accountant
Kelly Flaherty

Kelly Flaherty, CPA
Senior Certified Public Accountant
Jim Klostermann

Jim Klostermann
Senior Tax Accountant
Christian Kimble

Christian Kimble, CPA
Certified Public Accountant

Common questions about veterinary practice accounting

Straight answers about working with us. Anything else? Bring it to the call.

Yes. Veterinary practices are specified service trades or businesses under the QBI rules, which means the 20% deduction phases out at higher income. We work with practice owners proactively on reasonable compensation, entity structure, and retirement planning to manage the phase-out before it happens, not after the return is filed.
Let’s talk
Ready to work with a CPA who actually gets back to you?
Whether it’s your books, payroll, or a real tax plan, let’s talk. The first call is free, with zero pressure.
Schedule Your Consultation

Prefer the phone? (618) 656-6010

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