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PDF Compensation Models for Owners, Associates, and Staff
by Lorraine Monheiser List, CPA, CVA
Multiple examples give you the background you need to create your own packages for owners, associates, and staff, all in an easy PDF format.
Product Code:
EBOOKCOMP1P
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Creating compensation packages can take a significant amount of a practice owner’s or manager’s consideration and time. This booklet offers detailed examples of various compensation methods for owners, associates, and staff to help you choose what’s right for your practice.
Your compensation questions answered:
- What should owners be compensated for and at what rate?
- What are the tax issues associated with owner compensation?
- Can we afford to hire an associate?
- What are the relative benefits and drawbacks of paying associates for production versus straight salary?
- How should I compensate specialists?
- How can I incorporate incentive pay into my staff compensation program?
By comparing the pros and cons of various models provided in this booklet, you can develop compensation packages to fairly compensate all employees and owners in your practice. This resource also offers tips on how to structure compensation to take advantage of various tax breaks and addresses the difference between equal and fair compensation for both single-owner and multiple-owner practices.
Reviews
“Compensation Models was an outstanding book—I really got a lot out of it. The author even deals with the emotional and philosophical aspects of compensation.” —Paul Gambardella, VMD, Oradell Animal Hospital, Paramus, New Jersey
About
the Author
Lorraine Monheiser List,
CPA, CVA, is a nationally recognized consultant and speaker on
financial topics and practice management. She is the author of seven books on
practice transitions and compensation models. In 2013 she received the
Distinguished Life Member Award from VetPartners, the association for
veterinary consultants.
72 pages, AAHA Press
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