Medical

Louise highlights a number of things that medical practices can do to make sure that the annual accounts preparation runs smoothly and to reduce the number of queries the accountant may ask.

Gift Aid enables higher rate (40%) and additional rate (45%) taxpayers to claim back extra tax from HMRC. We discuss the impact of recent changes to Gift Aid to individuals making charitable donations or leaving a donation to charity in their will.

NHS England wrote to all GP practices in England on 28 February, setting out the “final arrangements” for the upcoming financial year. Andrew Burwood, specialist medical partner at Larking Gowen, reviews the proposals and gives his thoughts on the offer.

Our Medical accounting team explains which types of expenses qualify for tax relief and how to claim a deduction against your employment income.

Our Medical accounting team reminds GP practices of what they need to do to complete their annual Estimate of NHS Pensionable Profits form and how to make sure the information submitted is accurate.

Our medical accounting team discusses the inevitable subject of tax and things we can do to reduce the amount of tax payable.

Our medical accounting team discusses the pressures on NHS dental practices to remain profitable as well as the tax and pension implications of the McCloud judgement.

Our medical accounting team looks at the cost of making an NHS Scheme Pays election.

GP practices need to treat VAT in the same way as any other business. Our medical accounts team explains what you need to consider.

Our medical accounting team discusses the recently announced details of the GMS contract and the effect on GPs’ living costs and budgets.