Accounting Consultation


Our accounting firm offers a free initial consultation to small business owners in the Valparaiso area. Please call us at 219-221-0155 or complete this form and we will contact you shortly.

Contact Us

Send Us a File

Send your private, encrypted files directly to our CPA firm.

Send a File

Tax Center

Visit our Tax Center to sign up for tax due date emails, track your refund and more.

Learn More

Price pressures weigh on vets and others

« Back to Veterinarian

CNN Business reports on how the current decades-high inflation that has weighed heavily this year has, in recent months, settled more deeply into businesses that offer services such as pet care. Teri Byrd opened her 4 Paws Veterinary Clinic in Vashon, Washington, four years ago, and although her business was helped by federal aid and by plenty of new pet adoptions amid Covid disruption, ensuing supply chain upheaval, labor shortages and surging price inflation have forced her to raise prices. Medical supplies had gone up by about 25% to 30%, and many staffers departed, meaning that on some days she had to shut down the clinic because she had no employees available. Byrd raised her wages by $10 an hour for technicians and $5 an hour for assistants, and cut her personal salary from $150,000 to $65,000. “I finally [raised prices] last week. I never did before, and I really didn’t want to,” Byrd told CNN Business in November. “I could see the writing on the wall. I would have had to close the clinic.” The Federal Reserve is attempting to manage stubbornly high inflation, observes Christopher S. Rupkey, chief economist for economic and market research firm FwdBonds. “The Fed is going to need a bigger hose if it wants to put out the inflation fire, because once price increases spread to services, the battle is hard for a central bank to win without jacking up interest rates high enough to produce the demand destruction normally seen only in severe recessions,” Rupkey told CNN Business.

Read more here.

Contact Our CPA Firm

Contact us 955 Joliet Road, Valparaiso, IN 46385
CPA Phone Phone number: 219-221-0155
CPA Email Email address:
LinkedIn Follow us on LinkedIn
Facebook Friend us on Facebook

Accounting Newsletter

We offer a free monthly newsletter featuring tax saving strategies, QuickBooks tips, ideas for growing your business and more.


Tax Tips

Five Ways to Prepare for Tax Filings

Organize records for tax return benefits Now that the page has turned on another calendar year, the tax return season is fast approaching.

• Read More