Accountants for Vets
Specialist accounting for veterinary practices and locum vets across the UK
Vet finances come with unique pressures. We understand them.
Whether you’re a locum vet, a partner in a mixed practice, or building your own veterinary clinic — the financial complexity is real. High equipment costs, drug purchasing, RCVS compliance, and the shift to corporate consolidators all affect your bottom line. Magnum Accountancy works with vets who want an accountant that actually knows their world.
Services for Vets
Locum Vet Tax Returns
Locum vets face complex self-employment tax rules. We handle your self-assessment, IR35 status reviews, mileage and equipment claims, and ensure HMRC compliance — letting you focus on your patients.
Practice Accounts & Bookkeeping
From sole-charge practices to multi-vet partnerships, we produce accurate annual accounts and management accounts tailored to vet practices — including drug stock, equipment depreciation, and staff costs.
Equipment & Capital Allowances
Ultrasound machines, digital X-rays, surgical equipment — major investments that need proper tax treatment. We maximise your capital allowances and advise on the most tax-efficient way to finance new equipment.
Practice Set-Up & Incorporation
Starting or buying a veterinary practice? We handle company formation, practice purchase due diligence, funding structures, and get your financial foundations right — including RCVS-compliant business structures.
Partnership & Profit Sharing
Vet partnerships need clear profit-sharing agreements and tax-efficient structures. We advise on partnership agreements, salaried vs. equity partner arrangements, and the tax implications of bringing in or buying out partners.
Pension & Tax Planning
We help vets build long-term financial security — from pension contributions and annual allowance planning to extracting profit efficiently from a limited company. Your hard work should translate into lasting wealth.
Why Vets Choose Magnum
We work with veterinary professionals across the whole of the UK. Whether you prefer to meet face-to-face or handle everything online, we fit around your schedule.
✓ Face-to-face or remote ✓ UK-wide ✓ No jargon
Ready to Talk Vet Practice Finances?
Book a free 30-minute call with Daxa — no obligation, no jargon.
