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Veterinary Accounting Services in Chicago, IL

Veterinary Accounting Services in Chicago, IL

Welcome to Lewis.cpa's veterinary accounting services in Chicago, IL. With over 25 years of dedicated expertise, we offer tailored financial solutions to support your veterinary practice's success.

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Veterinary Accounting Services in Chicago, IL
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4000+ Happy Clients
We service 1,000+ businesses and 3,000+ individual clients, many of them located nationwide.
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38 Years of Experience
Since 1986, weā€™ve provided comprehensive tax and accounting solutions for individuals and businesses.
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52 States Serving
With our technology stack, we provide remote accounting services for you and your business, regardless the location.

Trusted Chicago Veterinary Accountants

At Lewis.cpa, we pride ourselves on being trusted Chicago veterinary accountants. With over 25 years of unwavering dedication to the financial well-being of veterinary practices, we understand the unique challenges and opportunities within the industry.

Our team of experienced CPAs combines a deep knowledge of accounting with a profound understanding of the veterinary field. This allows us to offer comprehensive services tailored to your specific needs, including precise bookkeeping, strategic tax planning, payroll administration, and compliance management. Our track record of success, backed by satisfied veterinary clients across Chicago, demonstrates our commitment to your practice's growth and profitability.

You can count on our CPA firm to provide expert financial guidance that allows you to focus on what you do best ā€” providing top-notch care to animals. Discover peace of mind and financial excellence with your trusted Chicago veterinary accountants.

What Makes Veterinary Accounting Unique?

Veterinary accounting is unique due to several factors specific to the veterinary industry:

Our Veterinary Tax Services

With a deep understanding of the unique tax needs of veterinary practice owners, we provide comprehensive tax solutions tailored to your business.

Our Veterinary Tax Services

Tax Planning

The cornerstone of financial success is effective tax planning. Our seasoned professionals will work closely with your veterinary practice to develop tax strategies that optimize your financial position, minimize liabilities, and ensure compliance with ever-changing tax regulations.

Income Tax Preparation

Accurate and timely income tax preparation is crucial for every veterinary practice. We excel in preparing and filing income tax returns and leverage our knowledge to maximize deductions and credits. As a result, we can help you save money while ensuring compliance with tax laws.

IRS Representation

IRS Representation

Facing IRS scrutiny can be daunting, but with our experienced team by your side, you'll have expert IRS representation. We'll navigate complex tax issues, communicate with the IRS on your behalf, and work to resolve any tax matters efficiently and favorably.

Our Veterinary Accounting Services

With precision and care, we manage your practice's financial health, so you can focus on providing top-notch care to your furry patients.

Payroll Services

Payroll Services

Our veterinarian payroll services ensure accurate, hassle-free payroll processing for your employees, from calculating salaries to tax deductions. With our expertise, you can focus on your veterinary practice while we manage payroll for your business.

Bookkeeping

Bookkeeping

Precise bookkeeping is key to financial stability. On the business side, our team maintains meticulous records, tracks expenses, prepares financial statements, and organizes financial data, allowing you to make informed decisions and ensure the fiscal health of your veterinary practice.

Financial Planning

Financial Planning

Strategic financial planning is key to long-term success. We'll help you create a roadmap for your practice's financial goals, whether it's expanding your services or securing your retirement, ensuring a secure and prosperous future for businesses like yours.

Why Choose Our Accounting Services for Veterinary?

Who Can Benefit from Veterinary Accounting Services?

Who Can Benefit from Veterinary Accounting Services?

At our CPA firm, our mission is to provide exceptional accounting services that cater to the distinct financial needs of a wide spectrum of veterinary practices. Our clients include:

  • Veterinary Hospitals
  • Small Animal Clinics
  • Large Animal Clinics
  • Specialty Veterinary Practices
  • Mobile Veterinary Services
  • Equine Veterinary Practices
  • Exotic Animal Clinics
  • Mixed Animal Practices
  • Pet Boarding and Grooming Facilities

FAQs

Time and Cost Savings

Our efficient solutions save you time and money and allow you to concentrate on patient care and practice growth.

Accuracy and Compliance

With a keen eye for detail, our team guarantees precise financial management and strict adherence to industry regulations.

Strategic Planning

We'll help you chart a path to long-term success through strategic financial planning and analysis.

Peace of Mind

Trust in our 25+ years of experience to handle your financial matters, leaving you with peace of mind.

Revenue Streams

Veterinary practices often have diverse revenue sources such as pet services, product sales, and insurance billing. Accounting must track these varied income streams.

Inventory Management

Accounting for medicines, vaccines, and medical supplies is critical, requiring specialized inventory tracking and valuation methods.

High Overhead

Veterinary practices have relatively high overhead costs, including staff, equipment, and facilities. It's important to manage costs effectively to remain profitable.

Tax Complexity

Tax laws and deductions for veterinary practices differ from other industries, making tax planning and compliance unique.

Regulatory Compliance

Veterinarians must adhere to specific industry regulations and licensing requirements, which impact accounting and reporting.

Client Accounts

Managing client accounts, including outstanding balances and payment plans, is integral to veterinary accounting.

Seasonal Variations

It's not uncommon for a vet to experience seasonal fluctuations in patient visits, which require careful financial planning.

Insurance Billing

Dealing with various insurance providers and processing claims adds complexity to billing and receivables.

How can veterinary accountants help improve practice profitability?

Veterinary accountants, often CPAs specializing in the veterinary profession, have the financial acumen and industry-specific skills to work closely with practice managers and veterinarians. They analyze revenue streams, optimize expenses, and implement strategic financial planning to enhance practice profitability. By identifying areas for cost reduction, revenue growth, and efficient tax management, they ensure that the family practice is flourishing financially.

What is the importance of financial planning for veterinary practices?

Financial planning is paramount for veterinary practices because it allows them to navigate the complex financial landscape of the veterinary profession. A CPA specializing in veterinary services can collaborate with practice managers and veterinarians to develop a well-rounded financial plan. This plan helps the practice remain financially sustainable, achieve long-term goals, and provide for the well-being of the practice owner's family. It includes budgeting, tax planning, investment strategies, and risk management, all of which are critical components of successful veterinary practice management.

Client Reviews

We have been doing business with Susan Lewis since 2005 and are very happy with the accounting and tax services. Sue and her staff are knowledgeable and professional. We trust them. I highly recommend Susan Lewis and her staff.
Jerry Bennish
5.0
As a business owner I appreciate good customer service and that is why I am taking the time to give a thumbs up review of Susan S Lewis LTD. This firm is outstanding in all aspects of servicing the client. When asked about an accounting or a financial service company I would not hesitate to recommend them highly.
Aggie Lewis
5.0
Sue and her entire office are great. She has done personal and business taxes for my wife and I for as long as I can remember. Her team is friendly, fast, professional and extremely knowledgeable. I am very particular about giving recommendations and I would highly recommend Susan S. Lewis Ltd.!
Dave Olen
5.0
An exceptional working relationship. I have been working with Susan Lewis, CPA for more than 20 years. She has provided excellent business and personal tax services, as well as small business advice. She and her staff are professional, knowledgeable, and responsive, and over the years, Susan's advice has been invaluable. I have given her name to clients, friends, and family members, all of whom report a high degree of satisfaction with her work. Without hesitation, I would give her the highest rating.
Donna Amstutz
5.0
Working with Sue Lewis and her amazing Team is always a pleasure . Very efficient, great advice and prompt service .
James McNichols
5.0
I have been working with Susan S. Lewis, CPA for over 17 years. Her dedication and expertise has kept me on track for both my personnel and business tax requirements. She comes prepared for all meetings and offers exceptional professional advice on all tax matters. Keep up the exceptional practice.
Jeff Wiktor
5.0
I believe I may be one of the longest tenured clients of Susan S. Lewis Ltd. We have been working with Sue and her team since 1989 and found them to be professional, courteous, and always willing to take the extra step to meet our needs. The fact we have used their services continuously for nearly 30 years is the best recommendation I could offer regarding Sue and her staff.
Fred Hejduk
5.0
Professional, expert services from people who care about their clients.
Diane Traxler
5.0
Very pleased with the service Susan Lewis office provides!! This is my fifth year with them as a client.
Albert Ridgeway
5.0
Susan S. Lewis LTD and her entire staff have always guided me with their extensive knowledge and confidence. As a result, I donā€™t worry about taxes, investments, etc. Love working with them.
Mary Ann Poulos
5.0
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Ready to optimize your veterinary practice's financial health? Reach out to our trusted CPA today to see how we can help veterinarians like you!

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