Our Services

Medical Accountancy Services

What we offer

Our specialist team of accountants, tax advisors and NHS pension experts have a wealth of experience in providing services to the healthcare sector and are proud to have one of the largest portfolios of medical clients in the North East.

Whether you’re a GP Practice, Salaried GP, Locum, Consultant, Hospital Doctor or Dentist, we can provide an individually tailored service to meet your needs and business objectives.

See a brief overview of some of the services we provide:

  • Collection of practice accounting records

 

  • Preparation of the year end accounts in a timely manner and an easy to read specialised format

 

  • Meeting with the partners and practice manager to discuss the results in detail by way of a financial commentary

 

  • Statistical and comparative analysis with our client base (regional stats)
  • Preparation and submission of annual tax returns (personal, partnership and corporate)

 

  • Preparation of partners’ personal expenses claims

 

  • Early advice on future tax payments

 

  • Identifying all claims and reliefs available to minimise tax liabilities

 

  • Proactive advice on any tax planning issues

 

  • Reviewing National Insurance deferrals
  • Preparation and submission of the Annual Certificate of Pensionable Profits

 

  • Early advice on potential shortfalls where possible

 

  • Completion of estimated pensionable profit forms

 

  • Retirement and tax planning advice in connection with Annual and Lifetime Allowance

 

  • Pension and investment planning
  • Calculating average GP pay for publication on practice website

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  • Calculate partners drawings and provide fixed monthly projections to assist with cash flow and budgeting.

 

  • Retirement and Inheritance Tax planning

 

  • Other tax advice (e.g. Capital Gains Tax, VAT or Corporate Tax)

 

  • Advice on Business Structures and Partnership changes including the most tax efficient structures for non-NHS work

 

  • Providing support for managers and staff on any bookkeeping, PAYE or pension issues

 

  • Insurance against any extra costs of a detailed HMRC enquiry

 

  • Unlimited email and telephone advice on all tax, accounting and pensions issues to partners and Practice Managers

 

  • NHS Pension Advice

Fees

Our all-inclusive fee is fixed and may be paid monthly or annually on completion of work and includes unlimited email and telephone advice throughout the year. We can provide an individually tailored service to meet your needs so please get in touch with us to find out more.

Contact us