Accounting Services for Healthcare in Wishaw
4.9/5.0
Google Reviews
See what doctors, dentists, and care providers say about working with us.
Supporting medical practices and private clinics with accounts, tax, bookkeeping, payroll and financial management.
Professional preparation of your annual financial statements.
Accurate and timely filing of all required tax submissions.
Accurate and up-to-date records for your practice.
Efficient payroll management for your staff.
Planning your tax position efficiently while staying compliant.
Healthcare professionals often face a complex financial picture that goes beyond standard accounting. From mixed income streams to strict compliance requirements, the challenges below are common for those working in medical and care settings.
Specialised knowledge of NHS funding and healthcare business accounting.
Our team focuses on your financial needs and provides solutions tailored to your business.
We provide bespoke services to ensure your financial processes are accurate.
We deliver precise financial reports on time, giving you full compliance with HMRC.
Our services offer transparent, upfront pricing with no hidden costs.
We handle all your accounting and financial tasks efficiently.
We begin by getting to know your practice and your specific needs. This step ensures we have a clear picture of your challenges, goals, and the opportunities available to you.
Based on our initial discussion, we create a personalised plan designed specifically for you. Our aim is to keep your healthcare finances straightforward, with your numbers handled accurately and professionally by dedicated healthcare accountants.
From there, we take care of the ongoing work and keep you updated with clear, regular reports. We're always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
We use the latest technology to offer customised financial strategies. Thus, helping healthcare practices grow and thrive.
Our team offers dedicated accounting services tailored to your specific healthcare business. This ensures financial stability and growth for you.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team have over 100 years of combined experienced.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
Healthcare accounting can cover a range of services, including bookkeeping, payroll, VAT returns, Self Assessment, annual accounts, Corporation Tax and tax planning. For healthcare professionals, it also involves understanding mixed income from NHS and private work, allowable expenses such as professional fees and equipment, and the compliance requirements that apply to clinics or practices. The exact mix depends on whether you are self-employed, in a partnership or running a limited company.
They are suitable for self-employed healthcare professionals, locum GPs, dentists, pharmacists, nurses, carers, consultants, physiotherapists and other allied health professionals. They are also relevant for clinics, medical practices and healthcare businesses that need support with accounts, payroll, VAT or tax compliance. If you work in healthcare and have financial responsibilities, specialist accounting support can be useful.
You may need to file a Self Assessment tax return if you are self-employed, a company director, a partner in a practice, or if you have untaxed income from private work, locum shifts or investments. Even if you are employed, additional income streams can require a return. It is best to check your position so you can meet the filing and payment deadlines and avoid penalties.
NHS income and private income are both generally taxable, but they can be taxed in different ways depending on your employment status and how the income is received. If you are employed by the NHS and also work privately, you may need to report the private income through Self Assessment. If you operate through a limited company, the rules can differ. Keeping clear records of both income streams helps ensure your tax return is accurate.
Allowable expenses typically include professional body fees, indemnity insurance, medical equipment, uniforms, training and travel between work locations, provided they are wholly and exclusively for your work. Some costs, such as everyday commuting, are not usually allowable. Good record keeping is essential, and an accountant can help you identify what can and cannot be claimed.
VAT registration depends on your taxable turnover and the types of services you provide. Some healthcare services may be exempt, while others are standard-rated, so the position can be complex for clinics and practitioners. If you are approaching the VAT threshold or already registered, it is important to keep accurate records and submit returns on time. An accountant can review your situation and help with VAT compliance.
Yes, payroll support can cover employees such as receptionists, nurses, locum staff and practice managers. This includes calculating pay, processing PAYE, managing pension contributions and meeting Real Time Information deadlines. If you have a mix of salaried staff and self-employed contractors, it is important to get the status and payroll treatment right.
The first step is to get in touch and explain your circumstances. We will discuss your current accounting arrangements, the services you need and any deadlines or compliance issues you have. From there, we can review your position and put the appropriate support in place, whether that is bookkeeping, payroll, VAT, Self Assessment or annual accounts. You do not need to have everything perfectly organised before contacting us.
