{"id":58,"date":"2025-03-24T15:12:25","date_gmt":"2025-03-24T15:12:25","guid":{"rendered":"https:\/\/cbas-cpa.com\/blog\/?p=58"},"modified":"2025-05-06T13:46:24","modified_gmt":"2025-05-06T13:46:24","slug":"planning-and-assessment","status":"publish","type":"post","link":"https:\/\/cbas-cpa.com\/blog\/2025\/03\/24\/planning-and-assessment\/","title":{"rendered":"Planning and Assessment"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">After the Discovery Meeting and it is mutually agreeable to the vet practice and CBAS, we enter the Planning and Assessment phase which is a comprehensive evaluation designed to uncover opportunities for growth and improvement within your veterinary practice. This stage typically requires 2\u20134 hours of the owner\u2019s time, split across multiple meetings, and involves collaboration with key personnel\u00a0\u2013often the practice manager\u00a0\u2013 for insights into:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Daily operations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial systems<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee management\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The process begins with a detailed <\/span><span style=\"font-weight: 400;\">financial and tax overview<\/span><span style=\"font-weight: 400;\">, which includes reviewing:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recordkeeping systems<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tax returns<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payroll compliance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts receivable\/payable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan documents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employee benefits<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Additionally, we examine the integration between the general ledger and practice management software, assess cash flow, and analyze historical data to improve budgeting and forecasting.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-61 \" src=\"https:\/\/cbas-cpa.com\/blog\/wp-content\/uploads\/2025\/03\/46-300x200.jpg\" alt=\"\" width=\"1034\" height=\"690\" srcset=\"https:\/\/cbas-cpa.com\/blog\/wp-content\/uploads\/2025\/03\/46-300x200.jpg 300w, https:\/\/cbas-cpa.com\/blog\/wp-content\/uploads\/2025\/03\/46-1024x683.jpg 1024w, https:\/\/cbas-cpa.com\/blog\/wp-content\/uploads\/2025\/03\/46-768x512.jpg 768w, https:\/\/cbas-cpa.com\/blog\/wp-content\/uploads\/2025\/03\/46-1536x1024.jpg 1536w, https:\/\/cbas-cpa.com\/blog\/wp-content\/uploads\/2025\/03\/46-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1034px) 100vw, 1034px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">A Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis and organizational chart<\/span><span style=\"font-weight: 400;\"> will pinpoint areas for improvement and the structure of the practice as together we review:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Existing workflows<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Standard Operating Procedures (SOPs)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Team dynamics\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Professional relationships with attorneys, banks, investment advisors, and insurance providers are also evaluated to ensure the practice is protected and financially optimized. Facility ownership, leasing arrangements, and tax efficiency are assessed, along with long-term planning for retirement or the sale of the practice.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This structured approach ensures owners have actionable insights and a clear strategy to build a sustainable, profitable practice while achieving personal and professional goals.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the Discovery Meeting and it is mutually agreeable to the vet practice and CBAS, we enter the Planning and Assessment phase which is a comprehensive evaluation designed to uncover opportunities for growth and improvement within your veterinary practice. This stage typically requires 2\u20134 hours of the owner\u2019s time, split across multiple meetings, and involves&#8230;<\/p>\n","protected":false},"author":2,"featured_media":59,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"default","_kad_post_title":"default","_kad_post_layout":"default","_kad_post_sidebar_id":"","_kad_post_content_style":"default","_kad_post_vertical_padding":"default","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-58","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-introduction-to-corcoran-business-advisory-services-llc"],"_links":{"self":[{"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/posts\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":3,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"predecessor-version":[{"id":63,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions\/63"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/media\/59"}],"wp:attachment":[{"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbas-cpa.com\/blog\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}