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

Meet the Team

Our medical accounts team is built on the expertise gained over many years by Andy Newiss. For details of the other members of our dedicated team see the Medical Accounts Team

How to Contact Us

The group has its own office on the first floor of our building in 8 High Street, Oban. (Above our payroll department.)

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.

Dispensing Doctors and VAT Registration

From 1st July 2011, dispensing doctors in Scotland, who wish to reclaim the VAT on the drugs they buy, will need to register for VAT.  If you are unsure how to go about this, or want more information about VAT for dispensing doctors, please contact Andy Newiss here at R A Clement's Oban office.