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 businesses rarely have a simple financial picture, and the admin can quickly become overwhelming. Our Pharmacist Accountants in Radlett help you work through the common pressure points, with advice tailored to your individual circumstances.
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 Radlett cover the core accounting and tax work most pharmacists need, including annual accounts, Self Assessment tax returns, bookkeeping, payroll, Corporation Tax where relevant, tax planning and management accounts. We also provide VAT support where it applies to your circumstances and keep your financial records organised throughout the year. The exact scope depends on whether you are a locum, a self-employed pharmacist, a partner or a limited company running a pharmacy, and we agree the right level of support with you before anything begins.
We work with community pharmacists, locum pharmacists, self-employed pharmacists, pharmacy owners, independent pharmacies, pharmacy partnerships and other pharmacy businesses. If your income comes from a mix of NHS contracts, private prescriptions, retail sales or locum shifts, the accounting and record keeping needed to keep everything accurate can be complex, and that is exactly where we help. Whether you work alone or employ a team, our support is built around the way pharmacy work actually operates.
Pharmacy income usually arrives from several directions, and each stream needs to be recorded clearly so your accounts and tax returns are accurate. We help you separate NHS payments, private prescription income, retail sales and locum earnings in your records, so you can see what is coming in and where it comes from. How each element is treated for tax purposes depends on your individual circumstances and the structure of your business, and we will explain that clearly once we understand your position.
In most cases, self-employed income such as locum work needs to be reported through Self Assessment, but the position depends on your individual circumstances, including how much you earn and whether you also have employment income. We prepare and submit Self Assessment returns for pharmacists, making sure income and allowable expenses are recorded correctly and that relevant deadlines are met. We also help you keep the records you need during the year, so the return itself is straightforward rather than a last-minute scramble.
Yes. Pharmacists typically incur costs such as General Pharmaceutical Council registration fees, professional indemnity insurance, professional memberships and travel between sites, and these need to be recorded properly in your accounts. Whether a particular expense is allowable for tax depends on your individual circumstances and why the cost was incurred, so we review your expenses with you and explain how each item is treated. Keeping evidence and records organised makes this far easier at the end of the year.
We do. Our bookkeeping support keeps your income and costs recorded accurately and up to date, which makes year-end accounts and tax returns much smoother. For pharmacy businesses with employees, we can also run payroll, dealing with pay, deductions and the related reporting obligations so nothing is missed. If you have fallen behind with your records, we can help you get things back in order and then keep them that way going forward.
VAT registration depends on your turnover and the specific circumstances of your business, and the way VAT applies can differ between income streams and cost types. We monitor your position as part of our ongoing support and will tell you when registration may become relevant, along with what it would mean for your pricing, records and reporting. Because treatment varies from one business to another, we look at your individual situation rather than applying a general rule.
We can talk you through the common structures for pharmacy work, including sole trader, partnership and limited company, and explain how each affects your tax position, record keeping and paperwork. Which one suits you depends on your individual circumstances, your income levels and your plans for the business. Switching to us is generally straightforward: we contact your existing accountant where needed, arrange the handover of your records and make sure nothing is missed. To begin, simply get in touch and we will talk through your requirements.
