GPs and medical practices

Expert advisers to GPs and progressive medical practices

In today’s rapidly changing medical profession, GPs and Medical Practices need an adviser with specialist expertise. Our team encompasses the broad spectrum of advice that our clients demand, from improving practice profitability to advising partners on personal tax mitigation, wealth enhancement and pension planning.

We work in partnership with GP’s and practice managers to guide and assist you through your growth and development.

We keep in close contact with you, staying abreast of developments in your practice and the wider medical profession. This means we can give you the most up to date, proactive and relevant advice on a continual basis.

We are also AISMA members (Association of Independent Specialist Medical Accountants).

You don’t have to worry about spiralling costs as we offer fixed fees and include unlimited telephone and email support for routine queries.

These are some of the most popular services that we provide our GPs and medical practices:

  • Practice accounting
  • Annual accounts including review meeting
  • Benchmarking practice performance with your PCT region to help maximise income and improve profitability
  • Projections of partnership drawings and current account positions
  • Practice taxation
  • Partnership taxation
  • Tax planning including review and advice in respect to alternative structures i.e. partnership v limited company
  • Personal advice for GPs

Personal taxation including:

  • Capital Gains Tax planning for both practice property and other property
  • Personal expenses claims
  • Inheritance Tax planning

Wealth management

  • Wealth enhancement
  • Retirement planning
  • Simplifying your financial affairs
  • Pension contributions

VAT advice

  • Opportunities to register for VAT for Doctors dispensing drugs and recover input VAT.
  • Partial exemption - how to make the most of your taxable supplies.
  • Surgery costs - can the VAT cost be mitigated?
  • What is the VAT status of my other supplies?

Other advisory

  • Practice mergers/splits
  • GP consortia/practice based commissioning
  • Surgery development/property finance