Accounting for doctors

When you’re focused on helping people, the last thing you need to worry about is your accounts.

Our specialist medical team have years of experience supporting doctors with accounts, taxation and business advice. We provide GP practices, locums and hospital consultants across the UK with a wide range of services, from compliance-based tasks such as preparation of accounts, tax returns and superannuation certificates to strategic support, profit improvement advice, helping doctors better understand their financial figures and advice on how to minimise potential tax liabilities.

Everything we do is tailored to the industry. Neil Morrison, partner in Perth and Rebecca Read, partner in South Wales are also members of The Association of Independent Specialists Medical Accountants (AISMA), and our clients receive our regular bulletins on topical issues for doctors, as well as annual benchmark reports on how the finances of their practice compare with the average of others. Our approach is personal and local, with sector specialists operating in all our offices throughout the country.

We agree a fixed fee with all our medical practice clients in advance of the work being performed and many choose to spread the cost over a year by monthly direct debit payment.

Every practice is different, but all of our work is underpinned by a commitment to:

• Provide your practice with meaningful financial statements
• Review your financial statements to ensure maximum profitability
• Provide proactive, practical advice to your partners and practice manager on financial taxation and consultancy matters
• Develop a close working relationship with your practice

Our specialist services include:

• Surgery developments and refinancing of practice premises
• Advice on partnership agreements (in particular financial clauses)
• Comparative benchmarking
• Partnership taxation
• Personal taxation
• Superannuation certificates
• Tax planning
• Review of personal expenses claims each year
• Bookkeeping and accounting software advice
• Payroll processing and advice