Specialist Accountants for Pharmacies & Locum Pharmacists
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NHS and private income reconciliation, stock valuation, capital allowances on dispensing robots, and profit extraction for owners.
Self-assessment, IR35 status on agency work, mileage and expense claims, and limited company versus sole trader comparisons.
Management accounts per branch, acquisition and goodwill advice, and funding forecasts for buying a second or third pharmacy.
VAT on zero-rated and standard-rated lines, e-commerce bookkeeping and stock control for distance-selling pharmacies.
We reconcile EPS and NHS schedules against till takings, track stock movements and keep your books ready for review at any point in the year.
Dispensed NHS medicines are zero-rated while over-the-counter sales and services are standard-rated. We get the split right and reclaim what you are due.
Company or sole trader returns prepared with every allowable cost claimed, from GPhC registration and indemnity to training and fixtures.
Payroll for pharmacists, technicians, dispensers and delivery drivers, plus workplace pension auto-enrolment and statutory pay.
Status reviews on agency and locum engagements, expense claims and the most efficient trading structure for your level of income.
Pharmacy finances are rarely straightforward. Income arrives from several directions, costs are spread across stock, staff and premises, and the rules around tax, VAT and expenses often depend on your individual circumstances and business structure. These are the practical issues our Pharmacist Accountants in Barry help pharmacists work through.
Drug tariff, category M, EPS reconciliation and stock valuation — no explaining required.
One qualified point of contact who knows your branch, your numbers and your plans.
Xero, QuickBooks or Sage linked to your bank and till so figures are current, not six months old.
Management accounts showing dispensing margin, retail margin and profit per branch.
One agreed monthly fee with no hourly billing and no unexpected invoices.
We work with pharmacies, GP practices, dentists and clinics, so the sector is all we do.
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant who understands pharmacy margins, stock and NHS reimbursement.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our pharmacy accountants handle everything. Switching mid-year is simple and you never need to contact your old accountant:
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.
Our Pharmacist Accountants in Barry provide a full accounting and tax service built around pharmacists and pharmacy businesses. Depending on your circumstances, this can include Self Assessment tax returns, annual accounts for sole traders, partnerships and limited companies, bookkeeping and financial record keeping, Corporation Tax returns, payroll for dispensary and counter staff, management accounts, VAT registration and return support where relevant, and tax planning advice. We agree the scope with you before starting so you know exactly what is covered, and our packages are fixed and transparent with no hidden fees attached.
We work with locum pharmacists, self-employed pharmacists, community pharmacists, pharmacy managers, pharmacy partners and owners of independent pharmacies. Some clients need help with a straightforward Self Assessment return covering locum and employment income, while others need full company accounts, payroll, VAT support and management reporting for a growing pharmacy business. If your work involves dispensing, private services, consultancy or retail sales, we can adapt our support to match how your income and costs actually arise.
Pharmacy income can arrive from NHS work, private prescriptions, over-the-counter sales, locum shifts and consultancy, and each stream may need to be recorded and reported differently. We set up bookkeeping that separates these clearly, keeps supporting records organised and makes your year-end accounts far easier to prepare. Because the correct tax treatment depends on your individual circumstances and business structure, we review your position and explain how each source should be treated rather than applying a one-size-fits-all approach.
Many pharmacists do, particularly if you work as a locum, are self-employed, receive income from a partnership, have untaxed income, or need to pay the High Income Child Benefit Charge. Employed pharmacists whose tax is fully collected through PAYE may not need to file, but this depends on your personal circumstances and any additional income you receive. Our Pharmacist Accountants in Barry can confirm whether a return is required, prepare and submit it accurately, and help you plan ahead for the tax and National Insurance that will fall due.
Yes. We help pharmacists identify expenses that may be allowable, such as professional registration fees, indemnity insurance, relevant training, specialist equipment and travel between work sites. Whether a particular cost can be claimed depends on why it was incurred and how it relates to your work, so we review your records individually rather than assuming anything is automatically deductible. We also help you keep evidence in a form that will stand up to scrutiny if HMRC asks questions.
We do. Our bookkeeping service keeps your income, stock purchases, supplier payments, premises costs and other business expenses recorded accurately throughout the year, which makes accounts and tax returns far less stressful. We also run payroll for dispensary staff, counter assistants, managers and locum cover, handling real time reporting, payslips, statutory payments and pension auto-enrolment duties. Payroll requirements vary depending on how many people you employ and how they are engaged, so we tailor the service to your team.
VAT registration depends on your turnover and the nature of the goods and services you supply, and some pharmacy supplies are treated differently from others. If you are approaching or have exceeded the registration threshold, we can explain the process, help with registration and manage returns going forward. Because VAT treatment depends on your individual circumstances and the mix of your income, we recommend a review of your position before making decisions rather than relying on general rules of thumb.
Absolutely. Switching is usually far simpler than pharmacists expect. We contact your existing accountant, request the handover information and records we need, and make sure nothing is missed in the transition. To get started, simply get in touch and tell us about your work, your current accounting arrangements and any deadlines coming up. We will discuss your requirements, explain how we would support you as your Pharmacist Accountants in Barry, and confirm the next steps in writing before any work begins.
