Accountancy Services for Doctors
Our specialist healthcare team has been committed to providing practical and trustworthy assistance to the medical profession for over 40 years.
As one of the most established and experienced firm of accountants in the healthcare sector our reputation for delivering cost effective and friendly services is well known. Indeed, many of the 1,300 GPs we currently act for came from client referrals.
If you are looking for an accountant with extensive knowledge of the NHS to be your trusted business adviser and who offers a complete range of accounting and tax services all under one roof, we will be happy to help.
We offer tailored services to:
GP Practices
Primary Care Networks (PCNs)
GP Federations and Alliances
GP Partners - personal taxation
Locums
Salaries GPs
Hospital Consultants
How we help GP practices
As well as preparing and submitting your practice’s annual accounts and tax returns we can assist in:
- Annual and management accounts
- Detailed Performance Benchmarking and advisory thereon
- Budget forecasting and cashflow management
- Property transactions - capital and refinancing
- Tax planning advice including capital allowance claims
- Practice mergers - due diligence and advisory
- Drawings calculations
- Partnership changes and succession planning
- New partners - help and advice
- Tax estimates and planning for tax fluctuations individual partners
- VAT advice including Making Tax Digital compliance
- Bidding for new contracts and grants
- Preparation of PCN accounts and future planning re structure
- Payroll management
- Superannuation - Annual Certificates and Projections
- Preparation of NHS earnings disclosure
How we help GPs
Our aim for you is to increase your financial efficiency and keep more of what you earn through effective and responsible tax planning. We can guide you through various tax issues and tell you what expenses you can claim, as well as providing a range of services including:
- Annual accounting and self assessment
- Financial record keeping
- Assistance with NHS pension returns
- Assessing new contract opportunities
- Capital gains tax advice
- Retirement and inheritance tax planning
- Review of exposure to NHS pension tax charges
Accounting software selection and training
Many of our clients are seeing the benefits of using an online accounting package, such as Xero or Quickbooks Online for their bookkeeping. Digital accounting will become compulsory for most businesses when HMRC roll out the full extent of their Making Tax Digital programme in the not so distant future.
We offer new and existing clients the opportunity to transfer their manual or paper records to a digital platform and can offer training and support if required.
Fees
Our fees are calculated based on our experience and the needs of the particular client. In the case of GP practices we look at, among other things, the number of full time equivalent partners, list size, property ownership and contract type on which to base our quotation. For individuals, it is more straightforward depending on how organised they have kept their financial records.
Regular newsletters and clients alerts
See our latest newsletter for GPs and our news page to keep informed.
If you are interested in becoming a client of Morris Crocker, please contact us
on 023 9248 4356. You can also use the request a quote form at the top
of this page.
