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JOSOLYNE MEDICAL SERVICES

Practice management and profitability

  • We recognise that medical practices now demand much greater knowledge and exercise of management skills than have hitherto been required.
  • We aim to satisfy that need by providing a specialist, pro-active service to the medical profession.
  • We offer the complete range of accountancy services combining our specialist knowledge of the medical sector with first class financial advice. We are thus able to guide medical practitioners towards improved performance and profitability in tax efficient ways.

Our service commitment

  • Pro-active advice We have a specialist team dedicated to the medical profession who keep abreast of all changes in taxation, legislation and general commercial matters that are likely to affect your business: we keep you informed as they happen and suggest ways in which you can make the most of any advantages to be gained. Out aim is to help your business run more smoothly and more successfully.
  • Availability and Timeliness One of our medical team will normally be available to talk to you whenever you wish, but if temporarily unavailable we will return all telephone calls the next day. We will give you a firm date for the return of accounts, usually within six weeks of receiving all the documentation. We make a point of arranging meetings and on-site work to suit your diary and your own workload.
  • Understandable billing We can agree with you a fixed fee for routine work which can be paid monthly by standing order. Because we are an independent specialist firm you will find our services very cost effective.
  • Close Personal Service We believe in regular personal contact through continuity of staff and a team dedicated to working with medical practices.

Members of AISMA

  • Josolyne Medical Services are members of AISMA, the Association of Independent Specialist Medical Accountants. This is a national network of independent firms of accountants who are specialists to the medical sector. As such the organisation holds statistics on over 1200 practices from across the UK and has built up a clear picture of just what makes a profitable, well run business.

Areas of expertise

NHS Contracts

  • Advice regarding PMS and nGMS contract.
  • Practice Based Commisioning

Accounts

  • Fast and efficient preparation of full comprehensive GP specialist annual accounts including tax computations.

Taxation

  • Personal and partnership tax returns. Advance notification of all tax liabilities.
  • Planning to minimise liabilities.
  • Inheritance Tax Planning
  • VAT

Practice Management

  • Budgets and cashflow forecasts.
  • Annual drawings projection.
  • Management reports assistance.

Superannuation and Pension Planning

  • In-house specialist financial service department to cover pension and investment advice.
  • Advice re Self Administered Schemes, added years and capping.
  • Completion of Annual Pension Certificates
  • Retirement planning

Partnership Changes

  • Assistance with planning for changes.
  • Financial and valuation aspects.
  • Partnership restructuring

Practice Capital and Refinancing

  • Advice on raising practice or personal finance.

Computerisation

  • Practice accounts and records
  • Disk to disk link for accounts production
  • Advice, implementation and training on computerised accounting systems
  • Budgets and cashfow forecasting

Cost/Notional Rent Scheme

  • Assistance with planning and financial issues.

Partnership agreements

  • Review of partnership agreements.
  • Property and related tax issues.

For more information and your free initial appointment contact the head of medical services :

Mrs Nicki Pace e-mail: nicki@josolyne.co.uk