Business Solutions for GP Practices

 

Accountants for GP and Doctors’ Practices—Engage the Best in the Business

The medical industry is constantly evolving.  Major legislation or policy changes can often bring about complex accounting and tax issues for GP practices causing confusion about financial controls and procedures.  Our specialist accountants for GP practices can give you all the advice and support you need to keep your finances and your practice running smoothly. We always aim to ensure you are operating in full compliance with GP practice legislation.

Timely and Efficient Practice Accounting

We offer GPs a timely, efficient and reliable service together with specialist advice on a wide range of industry-specific financial issues. Our summaries of accounting information are easy to understand and give a comprehensive report on your income and expenditure throughout the year.

Our qualified accountants are attuned to industry legislation and policy changes that affect the primary care sector. This knowledge and experience works to your advantage helping you make financial decisions that will ensure a well-managed and profitable practice. Whether you require specialist advice on financial modelling, funding, accountancy, taxation, payroll or superannuation, our accountants for doctors’ practices are on hand to assist.

We offer the following accounting services:

  • Prompt and efficient account preparation
  • Handling partners’ personal expense claims and private medical income statements
  • Analytical reviews and clear reporting of accounting information
  • Regular meetings with partners  to review accounts and related matters
  • Comparing the statistics of your GP practice to the locality profile

GP Practice Taxation Services – Minimise Your Liability and Maximise Your Wealth

The complex nature of taxation policies affecting GP practices can cause confusion and a higher risk of errors being made.  We can give you expert advice on any aspect of tax legislation that affects the running of your business and the individuals working within your practice.  We offer a proactive taxation advisory service that can help you to minimise your tax liability.

Our taxation services include:

  • Partnership tax computation, tax return and related correspondence with you and HM Revenue & Customs
  • Property tax schedule for cost/notional rent and loan interest if required
  • Partners’ tax return and related correspondence with you and HM Revenue & Customs
  • Tax provisions in accounts for all partners (where tax liabilities are paid by the practice) and associated work
  • Tax planning advice to minimise liabilities
  • Tax compliance service
  • Capital Gains Tax – Sale of Surgery property share

Partnership Accounting Advice

Our dedicated team of accountants for GPs understand the problems that can often arise with partnership finances.  We can give you advice on the best way to finance your practice and to manage relationships between existing, new and retiring partners without any issues or legal complexities.

We specialise in a wide spectrum of GP practice accounting services.  Whether you need assistance with accounting, taxation, payroll or superannuation, our team is on hand to help.

 

Why not give us a try and book a free pre-engagement session? A no obligation way to find out what it’s like to be one of our clients.

Simply call 01438 750555 or email enquiries@bakerwatkin.co.uk to book your session.