The future of UK farming
Will Sherring, a Manager in our Business Team, explores how recent announcements from the Budget will impact the agriculture sector, and provides insight as to how those affected may overcome these challenges.
Veterinary Accountants
Our team of experts offer veterinary practice support. Our flexible, tailor-made service supports all your needs. Whether you are setting up a veterinary practice, or need advice with VAT returns, Price Bailey provide a personal, but professional service for all our clients.
Whether you’re a small or large veterinary practice, we have crafted our offering to support you at whichever stage of your business lifecycle you find yourself. We’ve worked with vets and veterinary practices for many years and therefore have developed an excellent knowledge of the industry and the complex issues faced by those in the sector.
Our specialist teams are experienced in all the financial needs of veterinary practices, from year-end statutory accounts to specialist tax advice. We have the skills and experience to advise at every stage, from locum to start-ups, leading practice management, pensions, and exit strategy. We appreciate that the industry is currently fraught with financial challenges such as the effects of rising costs and staff shortages, however ensuring that you gain the right advice can allow you to pro-actively remain abreast of the situation.
Understanding your industry
We have many years of experience working with veterinary practices and understand the opportunities and challenges that practices in your industry face.
Despite the financial difficulties affecting the sector, now is also an exciting time to be operating in the veterinary services industry. With the rise in new drugs available on the market, advancing medical and surgical procedures, and stricter health and safety regulations related to livestock.
However you decide to make the most of the opportunities available to you, our expert teams are here to advise and guide you into making the right decisions for your business.
Creating an attractive employment package
Wages are still the largest cost for practices in this labour-intensive industry, and bearing in mind current labour shortages, it’s important for your practice to attract and retain highly skilled talent.
Our teams have long-standing experience supporting and advising veterinary practices on implementing tax-free benefits as part of a rewards package. We can also assist with KPI setting, reporting, and monitoring, and the structuring and implementation of bonus payments.
What services can Price Bailey offer veterinary practices and professionals:
• setting up a veterinary practice
• accurate annual accounts and tax returns that fulfil all your obligations
• advising on and integrating into your business the right accounting software and business systems
• objective and practical audit and assurance
• a variety of tax consultancy services to ensure you comply with legislation
• employment law and HR solutions that work for your practice
• outsourced payroll, management accounts, and company secretarial services
• adaptable and tailored pension and employer services
We also provide a comprehensive range of services to individuals including, personal tax advice, financial modelling, and investment management.
We can help
Contact us today to find out more about how we can help you
Read our insights here
How may the changes to BADR over the coming years affect SMEs looking to sell
With the rate of CGT under a BADR claim increasing from 6 April 2025, now could be a good time for business owners looking to exit. Find out more...
Bridging the gap in men’s mental health perceptions and the reality
Although awareness around men’s mental health is growing, there remains a significant gap between how men perceive their own mental health and the reality of the challenges they face. Why does this disparity exist? Read more in our blog here...
Contentious Tax Bulletin
Tax Investigations Partner, Andrew Park, provides a round up of the most recent and significant contentious tax news.