Chapter 4: What common items must be adjusted?

Speaker: Karen E. Felsted, CPA, MS, DVM, CVPM, the CEO of the National Commission on Veterinary Economic Issues

In this video, Dr. Felsted explains the common items from your tax statements that need to be adjusted when determining your practice profitability. You’ll learn about:

• Owner payments and perks

• Services provided by family members

• Facility and equipment rental

• And more

This is Chapter 4 of a seven-part video series.

Want to test your knowledge? Take the dvm360 BizQuiz: Do you know enough about your practice's profitability and value?

The full series

Chapter 1: Is your practice as profitable as you think?

Chapter 2: What is the buyer buying?

Chapter 3: How can I determine my practice’s true profitability?

Chapter 4: What common items must be adjusted?

Chapter 5: What’s a good level of profitability?

Chapter 6: What resources can help me calculate profitability?

Chapter 7: Think you might have a No-Lo Practice?

BizQuiz: Do you know enough about your practice's profitability and value?