Medical Profession
Stay ahead. Get Aligned.
Whether you are a Locum Doctor doing sessional or salaried work, we provide a service tailored to your needs.
Accounts for Practice Partnerships
- We offer an all-inclusive fixed fee for accounts, taxation and general advice with unlimited email and telephone support
- Timely preparation of Annual Return and Accounts.
- Appraisal of the practice finance with our ratios and statistical analysis so you can compare your practice performance with others
- Explanations of partner’s capital/current accounts together with advice on working capital requirement
- Drawings projections prepared and discussed with the partners including additional drawings projections throughout the year, to help plan for changes to practice profits
- Advice to partners of their income tax projections prepared in advance of liabilities falling due
- Succession planning with advice on new partners joining or the retirement of partners
- Advice for retiring partners including capital gains tax on sale of surgery premises.
- Additional advice given on all aspects of GP finance, including mergers, premises reimbursements, employment status of locums, including personal medical services, extra income generation, etc.
Texation
- For Partnerships, we complete the partnership tax return
- Completion of partners personal tax returns including advice on personal expenses claims to help reduce tax liabilities
- Tax planning advice to help reduce tax liabilities
- Phone calls and emails returned within 24 hours, letters within 2 days
- Proactive advice delivered through courses, meetings, and email
