Services

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GP practices

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.

Areas of expertise

NHS Contracts

  • Advice regarding PMS, APMS and nGMS contract
  • Practice Based Commissioning/Clinical Commissioning groups
  • Dispensing practices

Practice Accounts

  • Fast and efficient preparation of full comprehensive GP specialist annual accounts including tax computations.
  • Bench marking and strategic analysis
  • Guidance on improved performance and profitability

Taxation

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

Practice Management

  • Budgets and cashflow forecasts
  • Annual drawings projection
  • Management reports assistance
  • Payroll service and bookkeeping

Superannuation and Pensions

  • In-house specialist financial service department to cover pension and investment advice
  • Advice re Self Administered Schemes and added years
  • Completion of Annual Pension Certificates
  • Liaise as necessary to ensure correct superannuation liabilities are paid
  • Retirement planning and pension forecasts
  • Pension benefit accrual and LTA calculations

Partnership Changes

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

Practice Capital and Refinancing

  • Advice on raising practice or personal finance
  • Restructuring the business

Computerisation

  • Practice accounts and records
  • Disk to disk link for accounts production from all leading medical software
  • Advice, implementation and training on computerised accounting systems

Property Investment

  • Surgery ownership options
  • Assistance with planning and financial issues

Partnership agreements

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