The Business of Practice: Pandemic Relief for Veterinarians

Episode 2 of The Business of Practice podcast looks at Pandemic Relief for Veterinarians and what you should be discussing with your financial advisor.
Author:
Publish date:
CARES Act 2020

There were several clarifications and some changes and updates in the new Act that can help equine veterinarians garner relief from the pandemic.

In this episode of The Business of Practice podcast, we focus on Pandemic Relief for Veterinarians with Marsha Heinke, DVM, CPA, EA, CVPM. 

The Business of Practice podcast is brought to you by Dechra Veterinary Products.

Heinke is a 1979 graduate of The Ohio State University. She was a full-time mixed animal practitioner for 14 years with special interests in companion animals and horses before she turned her attention to helping veterinarians in business. Heinke is an Enrolled Agent (EA) with the IRS, a Certified Public Accountant (CPA) and a Certified Veterinary Practice Manager (CVPM). Heinke is the author of “Practice Made Perfect: A Complete Guide to Veterinary Practice Management.”

Topics covered in this podcast should not be construed as tax or legal advice; seek the help of a professional who knows your specific business.

Covered in this podcast were:

  • Consolidated Appropriation Act 2021
  • CARES Act
  • Compensation and benefit strategies
  • Student loan repayment
  • Retirement funding—Secure Act 2019
  • Multiple employer 401K funds for small employers

The Consolidated Appropriation Act 2021 clarified many aspects of the CARES Act passed in 2020, according to Heinke. These clarifications will help veterinarians not be overtaxed based on language used in the CARES Act. But, you need to know what the new laws are in order to ensure you are using them to the best benefit of your practice.

DDJ divider

Previous Episodes

Episode 1: Budgeting 101 with Amy L. Grice, VMD, MBA

New episodes of The Business of Practice air every other Tuesday and can be found on EquiManagement or your favorite podcast network.

DDJ divider

The Business of Practice podcast is brought to you by Dechra Veterinary Products.

Dechra logo 300 cropped

AAEP-MediaPartner_1968x1100
AVMA-PLIT-logo_resized
BEVA-logo_3757x2100
WEVA-Logo-Dark-Background_1789x1000
NZEVA-logo_1100x1968

ISELP-logo_1100x1968

AAEVT-logo_2050x3667
neaep-mediapartner_1968x1100
epm-society-partner_1968x1100
Mexican-equine-vet-association-