About OEMCPA

Owen E. McCafferty,CPA, CVPM, DABFA

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.

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.

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

Our staff Owen E. McCafferty, CPA bio

About our firm

Why you can profit from us

Are we right for you?

Continuing professional education is critical. To meet the AICPA's educational requirements, all our professional staff members must participate in at least 40 hours of continuing education per year.

Our firm was established in 1978. We are devoted to the provision of tax, accounting, and practice management services for the veterinary and dental professions.

Our clients range from single practitioners to multi-owner practices and comprise a wide variety of companion, food, equine, specialty, and critical care practices worldwide.

We are members of the Veterinary Hospital Managers Association. Our qualified firm members are also members of the Ohio Society of Certified Public Accountants, the American Institute of Certified Public Accountants' Tax Division and Management Advisory Services Division.

Within the AICPA, we are a voluntary firm member of the AICPA's Division of CPA Firms (Private Companies Practice Section). The Division's goals are to maintain high professional standards and to protect the public interest in quality accounting services

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