Accounting and Taxation

Key Features – GP Partnerships

• An all-inclusive fixed fee for accounts, taxation and general advice
• An all-inclusive fixed fee for accounts, taxation and general advice
• Accounts prepared on a timely basis
• Meetings at your premises with a Chartered Accountant partner
• Appraisal of the practice finance with our ratios and statistical analysis
• Drawings projections prepared and discussed with the partners
• Income tax projections prepared in advance of liabilities falling due
• Superannuation shortfall projections
• Review of position with regard to Annual and Lifetime Allowances
• Advice and explanations of capital/current accounts
• Phone calls and emails returned the within 24 to 48 hours, letters within 10 days
• Proactive advice delivered through courses, meetings and emails
• Succession planning with advice on new partners joining or the retirement of partners
• Additional advice given on all aspects of GP finance including mergers, premises reimbursements, personal medical services, extra income generation, etc.

Key Features – Limited Companies and Federations

• Preparation of statutory accounts and related tax return
• Company secretarial work
• Advice on whether to or how to set up a new limited company
• Assistance in understanding the implications of the IR35 rule

Key Features – Locum, Salaried GPs and Hospital Consultants

• A fixed fee to include the preparation of income and expenditure accounts, tax return and advising on tax liabilities
• Advice on expenses to claim
• Claiming tax back in respect of expenses which have not been claimed for the last four years
• Completion of Type 2 end of year pension certificate for salaried GPs
• Review of accounts for potential partnerships and giving advice on becoming a GP partner