We work as vet accountants for sole traders, partnerships and limited companies, from single-vet clinics to multi-partner referral practices. We work with vets at every career stage, from new graduates to practice owners who want a genuine financial plan, not just a filing service.

As approachable, specialist veterinary accountants, we provide support that goes beyond filing a return. We also offer additional services such as payroll bureau support and cloud software setup, alongside our accountancy services covering the day-to-day and the bigger financial decisions, including:

• Bookkeeping, VAT returns and payroll for your practice and vet team
• Tax planning, tax-efficient structuring, and Corporation Tax or Self Assessment filing
• Monthly or quarterly management accounts so you always know where the practice stands
• Cash flow forecasting, budgeting, and guidance around equipment purchases or expansion

Tax Planning and VAT Support Built Around How a Veterinary Practice Actually Works

Tax planning for veterinary surgeons is not the same as tax planning for a shop or an office. We look at income across consultations, medicines and other services, and structure things so you are not paying more tax than you need to across veterinary taxation as a whole.

VAT takes up a lot of our time with practice clients. What counts as zero-rated or standard-rated, and how mixed supplies apply to medicines, needs proper attention rather than guesswork, and getting it wrong can be an expensive mistake.

More than 5,300 veterinary practices now operate across the UK, and around 60% of them are owned by large corporate groups rather than the vets who work in them. Many vets we speak to feel the pressure of that competition, and independent practice owners need good guidance to plan their own future with confidence. We treat every veterinary practice as an individual, whether you are buying, growing, or eventually selling.

Buying your first practice? Bringing in a new partner? Thinking about succession planning and an eventual sale? We help you prepare the figures a buyer, bank or partner will actually want to see, and we have helped guide practices of every size through growth, change and ownership transitions.

That includes practice valuation, working out normalised profits and EBITDA, due diligence support, and getting your accounts in good order well before you go to market. If a corporate group approaches you about buying your practice, we make sure you understand the real value of what you have built before you sign anything, and what it means for your future.

Sole traders typically pay between £100 and £200 a month for accounting support. Limited companies typically pay more, usually between £150 and £350 a month, especially once VAT, payroll and regular management accounts are added in.

Veterinary practices often sit towards the higher end of that range. Several revenue streams, VAT on medicines, equipment costs and a bigger team all add work that a simple retail or service business does not have.

As a rough guide based on the practices we have worked with, a single-vet clinic with straightforward VAT usually costs less than a multi-partner practice with payroll, stock management and regular management accounts, and there are no hidden expenses in what we quote you. This is a rough guide, and the actual cost will vary depending on the size, structure and complexity of your veterinary practice, so we always confirm exact pricing after a short conversation about your needs, and you can plan your budget with confidence.

If you are ready for accountants for vets who understand the pressures of running a practice, get in touch with Vexo Accounting today.

Tell us about your practice, your team, and where you want the business to go, and we will put together a free, no-obligation quote built around what you actually need. Vexo Accounting is here to help your veterinary practice achieve steady growth with confidence.