Owen E. McCafferty CPA, CVPM, DABFA
Owen E. McCafferty is a CPA who has, since
1978, devoted his professional efforts to the provision of tax,
accounting, and practice management services for the veterinary and
dental professions. Owen graduated from Xavier University (AB) in
Cincinnati, Ohio. He is a renowned lecturer at various veterinary
association seminars over the past 20 years in North America,
Europe, Japan, and the Caribbean basin.
Owen collaborated in developing the VETEC formula for determining
the value of a veterinary practice. He is a widely published author
in veterinary practice management magazines and is a frequent
contributor to DVM Newsmagazine, as well as co-author of The
Business of Veterinary Practice, (Pergammon Press, U.K.) and
numerous series of audio tapes.
Besides membership in a variety of professional
associations, Owen served as president of the Veterinary Hospital
Managers Association in 1993 and 1994. Owen is among the listed
personages in "Who's Who in the Midwest," "Who's Who Among Young
American Professions," "Who's Who of Emerging Leaders in America,"
and "2,000 Notable Men."
In 1986, he received the Ohio Veterinary Medical Association's
Meritorious Service Award and in 1988, he received the award of the
American Animal Hospital Association. Owen McCafferty has written
numerous tax and practice management articles. Presently he is
working on his second book regarding veterinary practice management
and his first book on dental practice management.
Practice Management Services
Veterinary practice sales/purchases
Valuation calculations of practices for sale and purchase:
- Buy-ins/Buy-outs
- Valuation estimates
Buy-sell, lease, confidentiality, and employment agreement
consultation and review
Expert witness testimony on issues in divorce,
partnership disputes, and loss of income
Onsite practice consultations
Contract negotiation assistance
Fee assessments and multiple service bundling
Insurance reviews
Computer system consultations:
- Value-added vendor systems
- General ledger and accounting systems
Internal control operations and review
Hospital construction assessment
Employment agreement consultation
Employee compensation assessment
Personnel development and management
Personality profiling
Leadership analysis and development
Practice profiling
Tax and Accounting Services
Cumulative experience with the veterinary
profession
State-of-the-art accounting for the veterinary profession
~ we literally wrote the book
Intelligent, honest, and reliable tax return preparation
for business, personal, and real estate
Tax planning for corporations, partnerships, individuals,
and estates
Partnership and corporate mergers, consolidations, and
liquidations
Budgeting and cash flow projections
Tax audit representations
Lease vs. purchase decisions
Assistance in bank financing
Fees
Our fees are based on the time, judgment,
and experience of the professional assigned to the engagement. We charge a
premium for consultation or valuation engagements; however, full service clients
are always serviced at our lower, preferred billing rate.
The choice of the right accountant is based, not
only on technical competence, but also similar philosophies and
compatible personalities. Before accepting full service clients, we
make every effort to ascertain we are the right accountants for
you. We work best with progressive, growth-oriented, positive
practitioners. Presenting opportunities which offer creative ideas
and improved operational management is an important part of our role
in your practice. Our approach to practice is to do things right;
workpapers document conclusions reached.
Tax returns and financial statements prepared
for you are subject to multi-level reviews before being released.
Corners are not cut. We strive to maintain a quality work product
and commit resources to help achieve it.
Being aggressive is founded on good tax
research and current knowledge of the Internal Revenue Code.
IRS determination, judicial precedent, and Congressional intent are the basis of our recommendations
to you. Knowledgeable, current tax interpretation does not equate to
fraudulent, ignorant, flagrant disregard of the United States tax laws.
We are not for everyone
If a client insists on a tax posture contrary to our
interpretation of law, we will resign from the engagement rather than compromise
what we believe is correct. We insist that total fee income be reported. Our
clients take advantage of legal tax deductions without needing to resort to
anything less.
Our focus is to provide accounting, tax, and practice
management assistance, not bookkeeping. If you require a firm to reconcile your
bank statements, pay your bills, and prepare your payroll returns, we are not
right for you. Our objective is to spend our time making money for you through
accounting, not bookkeeping compliance. We have a mutual interest in your
future.
