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Putting your heart in your practice
February 1st 2006Dr. Tim McAughan, a 1978 graduate of Texas A&M University, College of Veterinary Medicine, is no stranger to buying and building facilities. In 1985, he started a practice in a retail center, then moved it to a new facility. In 1997, he bought a second practice in a retail center in Spring, Texas. That, too, needed a freestanding home, he says.
Involve team members in problem solving
February 1st 2006Well-managed practices work on management issues proactively, looking for ways to improve and innovate rather than just responding to the fires that arise each day. Of course, striving for excellence isn't a one-person job. And getting your team involved in finding better ways to serve clients is a great first step to being more proactive.
Tax rules for relief veterinarians
February 1st 2006Relief veterinarians are typically treated as independent contractors responsible for their own income taxes and the reporting of their earnings and expenses. And most relief veterinarians conduct their practice activity as sole proprietors. Based on this, you'd report net income or loss from your relief practice on your personal income tax return. There are several important rules you should be aware of, however.
Tough times can change your perspective
February 1st 2006One of the great things about working on a magazine is that every month our team gets to meet more veterinarians. There are always new people calling with a question, sending us letters and practice tips, and submitting articles. Building those new relationships is very rewarding. And each one of you has an interesting story to tell.