GP's & Medical Practices
As a GP practice, you don't have the luxury of an in-house specialist medical accountant. But this shouldn't prevent you from having access to expert financial insight, up-to-date financial information, cashflow management, tax support and the handling of complex compliance requirements.
Book a call with us
We can be your GP practice's entire finance function - from the compliance of transaction management and NHS pension certificates all the way through to strategic practice decisions.
Why do GP practices outsource their finance function to us?
The new normal:
Your monthly bookkeeping kept up to date so you always understand your practice's financial position.
Your year-end practice accounts completed by Chartered Accountants with a wealth of experience with supporting GP practices.
Have your accounts ready for discussion within 90 days of the end of your financial year.
Prepare and submit your personal tax returns, well before the deadline.
Preparation of your compliance requirements for the NHS pensions (Type 1 & Type 2 certificates and estimates) ready well before the deadline.
Things of the past:
Delays to your practice accounts as a result of endless corrections from your accountants.
Your practice manager focusing on the bookkeeping at the expense of the improvement of patient experience.
Receiving your tax returns at the last minute before the submission deadline leaving you in the dark with your upcoming tax payments.
Constantly receiving additional bills for small ad-hoc pieces of advice.
Constant changes in staff looking after your practice's accounts or staff with inadequate experience with GP's.
Your payroll managed by experts to keep you compliant with an ever-complex PAYE system.
Partners over-drawing due to lack of financial forward planning.
Packages
A big part of your practice manager's time is currently spent on maintaining the practices books and accounts. Practice managers have a varied role with many responsibilities, and offloading the burden of the bookkeeping to qualified professionals can allow them to direct their focus and expertise onto delivering better patient care.
Keeping the books in check is only part of what we do. You'll have a dedicated team of qualified accountants taking care of all matters from the bottom to the top.
Additional Services we can provide
Tax Services
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Capital Allowances tax claims
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Personal, property & Inheritance Tax
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Exit and retirement planning
Advisory Services
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Business valuations & reports
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Digital accounting & software training
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Finance system healthcheck & review
Super-practices
The delivery of primary care is changing as more and more providers shun the traditional single partnership model in favour of the 'super-practice'. Multi-practice providers face an even more complex challenge in terms of financial oversight and the monitoring of financial performance across their multiple sites.
Utilising modern technology and the most cutting-edge accounting software allows us to provide a range of detailed and fully bespoke reporting services to monitor financials on a site-by-site basis.