Accounting & Taxation

Our specialist team provides a wide range of accounting and business services to General Practice.

Recurrent Annual Services

  • Preparing the annual accounts on a timely basis.
  • Calculating the profit allocations.
  • Preparing the partnership income tax return.
  • Advising partners in advance of taxation payments.
  • Preparing annual estimates of superannuation deductions.
  • Preparing the partners’ annual Superannuation Certificates.
  • Advice on superannuation shortfalls and surpluses.
  • Meeting at your premises to discuss the annual accounts.
  • Assisting partners in determining drawings levels.
  • Advice regarding changes on capital and current accounts.
  • Unlimited telephone support for adhoc queries.

Charges are important to clients and we therefore quote a fixed fee for our recurrent services.  The fee will depend on the size of your practice and the quality of its bookkeeping.  It can cover simply the practice work, or if you wish for us to look after the partners’ personal affairs this can also be included.

 

Non-recurrent Services 

  1. Property acquisition or disposal.
  2. Advising on financial controls and safeguards.
  3. Advising salaried doctors on becoming GP principals.
  4. Advising on practice mergers and splitting.
  5. Budget and cash flow planning.
  6. VAT planning.
  7. IT training – Quickbooks and Sage.
  8. Inheritance tax planning.
  9. Capital Gains Tax planning.
  10. Tax investigation services.

Fees for the non-recurrent services would be based upon the time involved and would be agreed prior to the work being carried out.