Volume 4 - Issue 2                                                 May 2008

In This Issue

Employment Eligibility Verification

Do You Have Your Sales & Use Tax in Order?

Vetstreet - Check It Out!

 

More on the U.S. Citizenship & and Immigration Services Employment Eligibility

Verification Form I-9

sheila  

Sheila Grosdidier, BS, RVT

We talked about the updated version of the form that went into effect December 2007 in a previous newsletter.

I want to provide you with two more helpful links. This first link, www.workforce.com, contains information about the online I-9 that can be completed and stored electronically.

The second link, www.legal-workforce.org/, has information about The HR Initiative for a Legal Workforce. This is an initiative that is seeking to improve the current process of employment verification.
 

 

VMC School of Veterinary Practice Managment

Our Next Session is scheduled for
September 15-19, 2008
Attendance is limited.


Click for More Information

 

Upcoming Seminars

It's What's Up Front That Counts... And More!

  • 6/22 - Denver, CO
  • 9/21 - Monterey, CA
  • 9/28 - Nashville, TN
  • 10/12 - Scottsdale, AZ
  • 10/29 - East Lansing, MI
  • 11/16 - Iselin, NJ
  • 1/11/09 - Lexington, KY
  • 2/1/09 - Des Moines, IA
  • 2/22/09 - Orlando, FL 

Smart Moves For Technicians

  • 6/1 - New Orleans, LA
  • 6/29 - Chicago, IL
  • 9/7 - Toronto, Ontario
  • 9/28 - Portland, OR
  • 10/12 - Santa Clara, CA
  • 11/9 - San Antonio, TX
  • 2/8/09 - Charlotte, NC

Principles of Veterinary Practice Management

  • 6/17 - Detroit Area, MI
  • 9/28 - Chicago, IL 
  • 10/15 - Boston, MA
  • 12/7 - Seattle, WA
  • 1/11/09 - San Jose, CA
  • 2/18/09 - Denver, CO 

HR Boot Camp

  • 7/23-24-Boston, MA
  • 9/24-25-Tempe, AZ 
  • 11/5-6-Columbus, OH
  • 3/18-19/09-Raleigh, NC

NEW! Financial Management Boot Camp

  • Coming in January 2009
  • Stay Tuned for Details!

 

 

To Contact Us:

VMC, Inc.
30792 Southview Dr
Suite 200
Evergreen, CO 80439

Phone:
303-674-8169

Fax:
303-670-3899

email:
vmc@vmc-inc.com

Website:
www.vmc-inc.com

VMC logo

 

  News from VMC, Inc.

 

mark I'm not sure if we are in a recession or not but, with the cost of gas being what it is and having no idea what it will be, people are definitely watching their pennies. Veterinary medicine has proved itself to be recession proof in the past and hopefully it will be again.

Regardless, a pro-active manager is going to pay very close attention to the practice's bottom line and make sure the practice maintains its profitability.

The little things can have a significant effect on your practice's profitability. When was the last time you checked your reminder system effectiveness? How about internal controls, are we making sure we are receiving income for all services rendered? Are you printing out the fee exception report every night to see how many services are being given away? Keep a close eye on your practice and the doctors' per client transaction-a few dollars up or down can have a major impact on your practice's bottom line. You can say, "It's the economy;" or you can say, "Recession is an excuse that I refuse to accept.

Mark Opperman, CVPM
President, VMC Inc.

Let us hear from you - tell us what you'd like to see in future issues. You can contact us at vmc@vmc-inc.com

 

 

Do You Have Your Sales & Use Tax in Order?

by Monica Dixon Perry, CVPM

 

Monica Dixon Perry That's a question that I ask owners and managers during our Principles of Veterinary Practice Management seminar. Unfortunately, the veterinary industry has fallen under the radar and we are seeing more Sales and Use Tax audits in our industry.  Therefore, I encourage you to equip yourself with the appropriate knowledge and information so that if you are ever audited you will have everything in order.

Some states do not have Sales and Use Tax, but most do. You want to make sure you are paying Sales and Use Tax in a timely manner as well as on appropriate goods and services. Most veterinary practices fall short in the area of paying on equipment purchases. The auditors know this and this is unfortunately where we are getting hit the hardest. However, there are several other opportunities were penalties and fines can be imposed during an audit if guidelines have not been followed. I assure you that ignorance or lack of knowledge will not be acceptable excuses for not complying with the law. Therefore, knowledge is power and I encourage all owners and managers to gain as much knowledge as you can regarding this often overlooked issue.

Here is some basic information regarding Sales and Use Tax:

1. Veterinarians generally provide nontaxable professional services. However, they must generally pay sales or use tax on items used to render those services. In addition, in most states, veterinarians must also collect and report sales tax on sales of taxable goods and services.

2. Each state has its own rules and regulations (where applicable). Find out what your state's regulations are by contacting your accountant. They should be well versed in this area and able to easily gather information relative to veterinary practices for you.

3. A safe rule to follow is that if you are the last consumer of a particular good, you are often required to pay some type of tax on that item unless it is tax-exempt. Find out when this applies and you will be headed in the right direction.

 

 

Vetstreet
by Mark Opperman, CVPM

mark

I am sure you have heard of VetStreet-they have been doing a great job in advertising themselves in the journals and conferences. VetStreet bought VetSuite, VetInsight and Pet Portals. They offer high end web sites, client information, reminders, pet birthday cards and shop sites that can be placed on your web site, and much more. If you already have a good web site, you can "move" it to VetStreet and they can add some of these features for you. If you don't have a good web site, it is about time you do. In today's business environment I believe it is imperative that a successful veterinary practice have an awesome web site. VetStreet is very affordable and they are great to work with. Here is their contact information:

Current Vetstreet clients inquiring about Home Delivery -

301-562-0787 or 888-79-8387   Select 0 for Customer Support
support@vetstreet.com

Prospective Vetstreet Clients -

301-562-0787 or 888-799-8387   Select 1 for Sales
info@vetstreet.com