Medical accounts

Professions Covered by This Team

Our medical accounts is dedicated to the professions listed below:

  • General Practitioners
  • Dentists
  • Associates
  • Locums
  • Pharmacists
  • Hospital Consultants

 

Services Provided Include:

  • Practice sole trader and partnership accounts.
  • Personal tax returns incorporating practice accounts/locum work etc.
  • Annual superannuation certificates.
  • Advice on PMS and GMS contracts.
  • Partnership arrangements such as income sharing and joint ownership of premises.
  • Pension superannuation forecasts based on SPPA contributions.
  • Benchmarking: Comparing your financial results against regional and national averages.
  • Partnership arrangements and contractual changes.
  • Profit shares and drawings where partnership arrangements change.
  • Partnership changes such as retirement.
  • Premises: Financing and tax planning considerations.
  • Claiming reimbursements from the NHS.
  • Accounting for income from different sources such as hospital work, private practice and participation in advisory panels.
  • Advice where a doctor/dentist etc is technically self-employed but participates in the NHS pension scheme.
  • IT and bookkeeping software advice.
  • Tax planning for capital gains tax and inheritance tax.
  • Access to specialist financial advisors such as pension planning and investments.
  • Advice on the best time to change a car and best way to finance it.