Affordable Accountant for Veterinarians

Helping Veterinary Clinics Stay Profitable, Compliant & Tax-Efficient

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Tax Accountants for Veterinary Clinics

Running a veterinary clinic requires more than compassionate care—it takes solid financial systems to keep your practice compliant, profitable, and growing.

At Gondaliya CPA, we specialize in tax and accounting services tailored to veterinarians. Whether you own a small animal clinic, operate as a mobile vet, or manage a multi-location practice, we provide the accounting support and tax strategy you need so you can focus on patients, not paperwork.

Our team understands the financial realities of the veterinary profession and works with sole practitioners, incorporated clinics, and growing veterinary teams across Ontario.

Official Partner

Accounting That Understands Veterinary Practices

Veterinary clinics face unique financial challenges that go far beyond basic bookkeeping. Revenue often comes from a mix of exams, surgeries, diagnostics, boarding, and retail product sales, each with different margins and tax treatment. Add payroll for veterinarians, technicians, and support staff, along with expensive medical equipment and inventory management, and financial clarity becomes critical. At Gondaliya CPA, we work with veterinary professionals to create accurate, clinic-specific accounting systems that support growth, compliance, and long-term success.

Mixed Clinical & Retail Revenue

Clear tracking of medical services, product sales, and ancillary income streams.

Staff Payroll & Associate Veterinarians

Accurate payroll and compensation structures that meet CRA requirements.

Inventory & Cost of Goods Sold

Proper tracking of medications, supplies, spoilage, and shrink.

True After-Tax Profit Visibility

Monthly reporting that shows real clinic performance after expenses and taxes.

Stay Compliant with Veterinary Tax Rules

HST on Veterinary Services & Products

Veterinary services may be exempt while retail products are often taxable, making proper coding and reporting essential. We ensure your clinic applies HST correctly, files accurately, and avoids CRA penalties.

Payroll, Records, and CRA Expectations

From veterinarians and technicians to reception staff, payroll must be handled correctly with proper remittances, T4s, and record-keeping. We help keep your clinic audit-ready year-round.

Corporate Tax & Owner Compensation

Most veterinary clinics operate as corporations. We manage T2 corporate tax filings, owner salary and dividend planning, and financial statements needed for lenders or future sale planning.

Why Veterinary Clinics work with Gondaliya CPA?

Veterinary-Specific Accounting Knowledge

From inventory management to staff payroll and equipment depreciation, we handle the details that matter to veterinary clinics.

Tax Planning for Incorporation & Growth

Thinking of incorporating your veterinary practice? We help you set up your Professional Corporation (PC) and design a tax-efficient structure that grows with your practice.

Full-Service Bookkeeping for Veterinary Clinics

We integrate with your clinic software or POS system to provide real-time financial tracking, HST filing, and monthly reporting—so your books stay organized and audit-ready.

Financial Guidance for Expansion & Transitions

Whether you’re buying a second clinic, onboarding an associate vet, or planning your exit, we help you analyze cash flow, project profitability, and structure your next move wisely.

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Accounting Services for Veterinary Clinics

Corporate Tax Filing for Veterinarians

Professional tax preparation and return filing, ensuring accuracy and CRA compliance.

Accounting & Bookkeeping for Veterinarians

Reliable bookkeeping and accounting with financial statements, records, and reporting.

Corporate Tax Planning for Veterinarians

Smart tax planning to optimize savings, reduce liabilities, and maintain compliance.

Trust and Estate Tax Returns (T3) for Veterinarians

Expert preparation of T3 returns to ensure compliance and minimize taxes for trusts and estates.

SR&ED Tax Credit Claims for Veterinarians

Maximize your R&D incentives with accurate Scientific Research & Experimental Development (SR&ED) claims.

US Business Tax Filing for Veterinarians

Reliable filing of US business taxes for cross-border compliance and peace of mind.

Resident Director (Nominee Director) Services for Veterinarians

Provide qualified nominee directors to meet local compliance requirements safely and professionally.

Business Plan Writing Services for Veterinarians

Craft professional business plans to secure funding and guide growth.

Incorporation Services for Veterinarians

Incorporation services for smooth business formation, entity setup, and start-up support.

Free Resource: 50 Deductible Expenses for Veterinary Clinics

Comprehensive checklist of tax-deductible costs unique to Veterinary Clinics. PDF delivered instantly.

Case Studies

Incorporated Veterinary Practice in Oakville

Problem: High corporate taxes and inefficient owner compensation strategy.

Solution: Reworked salary/dividend mix and introduced proactive tax planning.

Results: Reduced overall tax burden and predictable personal income.

Multi-Vet Clinic in Brampton

Problem: Payroll complexity, inventory losses, and inconsistent reporting.

Solution: Standardized payroll, inventory controls, and clinic-wide financial systems.

Results: CRA-compliant records, better margins, and cleaner lender-ready statements.

Independent Veterinary Clinic in Toronto

Problem: Disorganized books and no clear understanding of clinic profitability.

Solution: Implemented structured bookkeeping, inventory tracking, and monthly reporting.

Results: Clear financial insight, smoother tax season, and improved cash flow planning.

OUR SIMPLE PROCESS

How Our Accounting Process Works

We make managing your clinic’s finances simple and stress-free. Our transparent process keeps you informed and investor-ready at every stage.

Here’s a simplified process approach:

Step 1

Discovery Call

A no-obligation session to understand your financial landscape and identify key areas of support.

Step 2

Customized Strategy

Crafting a financial plan that aligns with your business vision, including forecasting, budgeting, and risk management.

Step 3

Execution & Reporting

Implement strategies and provide regular, transparent reports to keep you informed of your business’s financial health.

Step 4

Continued Partnership

Offering ongoing accounting support to adapt to changes and drive sustained success.

Get personalized advice for your Clinic's taxes.

Transparent Pricing for Software Companies

Affordable Pricing for Veterinary Clinic Accounting

We believe in clear, upfront pricing so you know exactly what to expect.

- Tax Preparation (Corporation): From $400
- Tax Return Filing (Corporation): From $400
- Tax Compliance Audit – FREE CRA audit support for our clients
- Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
- Bookkeeping Management (Free for our Accounting clients)
- Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month

Serving businesses in Toronto, Scarborough, Mississauga, Brampton, Ottawa, and across Ontario.

Meet Your Lead Veterinary Clinic Tax Accountants

Sharad Gondaliya, CPA

LinkedInPrincipal 📞647-212-9559 sharad@gondaliyacpa.ca

Vandana Goel, CPA

Accounting Specialist

📞 647-250-0242

vandana@gondaliyacpa.ca

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Gondaliya CPA supports veterinary clinics across Ontario with specialized accounting and tax services tailored to animal healthcare businesses. Whether you operate a solo veterinary practice, a busy urban clinic, or a growing multi-vet operation, we provide consistent, reliable financial support. Our clients span Toronto, Mississauga, Brampton, Scarborough, and surrounding regions, and we work remotely with veterinary clinics throughout Ontario. No matter where your clinic is located, we help keep your books accurate, your taxes optimized, and your practice positioned for long-term success.

Do veterinarians need to charge HST on services and products?

Some veterinary services may be exempt while retail items and certain services are taxable, making correct HST treatment essential. Gondaliya CPA ensures proper HST coding and filing so your clinic avoids penalties and missed input tax credits.

Should my veterinary clinic be incorporated?

Incorporation can offer tax deferral, income splitting opportunities, and liability protection for many veterinarians. We help you evaluate when incorporation makes sense and handle the entire setup and tax planning process.

How does Gondaliya CPA help reduce veterinary clinic taxes?

We use proactive tax planning, expense optimization, owner compensation strategies, and timing decisions to legally reduce taxes. Our approach focuses on year-round planning, not just filing returns at the deadline.

Can you help with payroll for veterinarians and clinic staff?

Yes. We manage payroll for veterinarians, technicians, assistants, and administrative staff, including remittances, T4s, and CRA compliance. Gondaliya CPA ensures payroll runs smoothly and accurately every pay period.

How do you handle inventory and cost of goods sold for clinics?

Veterinary clinics carry significant inventory such as medications and supplies that directly impact profit. We help track purchases, spoilage, and shrink so your financial statements reflect true margins and performance.

What tax returns does a veterinary clinic need to file?

Unincorporated veterinarians file a T1 with business schedules, while incorporated clinics file T2 corporate returns. Gondaliya CPA prepares all required filings and ensures supporting financial statements are accurate and lender-ready.

Can you help prepare my clinic for CRA audits or reviews?

Yes. We maintain clean, organized records and CRA-compliant documentation throughout the year. If CRA ever asks questions, Gondaliya CPA helps you respond confidently and efficiently.

Do you work with veterinary clinics across Ontario?

Absolutely. We support veterinary clinics across Ontario, including Toronto, Mississauga, Brampton, Scarborough, and surrounding areas. Our remote systems make it easy to work with clinics anywhere in the province.

How do I get started with Gondaliya CPA for veterinary accounting?

Getting started is simple. We begin with a consultation to understand your clinic’s operations, challenges, and goals, then build a customized accounting and tax plan that supports long-term success.