Explore our latest blogs covering accounting, tax, business, and financial insights. Get practical tips and expert guidance to help you manage your finances and grow your business with confidence.
Most doctors, dentists and clinic owners spend years building a practice and almost no time planning how to leave it. Then a buyer comes along, and the offer looks good, and the questions start. Is the
Increasing an NHS Pension usually means one of four things. Buying Additional Pension, paying into Money Purchase AVCs, using ERRBO to retire up to three years early without reductions, or lifting your pensionable pay. However,
As a doctor in the UK, you can significantly reduce your taxable income. Yes, if you start claiming tax relief on the professional expenses you pay to do your job. You just need to follow
Starting a medical company is a big step for any doctor. You need to think about tax, how you’ll pay yourself, and business expenses. Most importantly, you need to handle the paperwork that comes with
Healthcare professionals rarely have a simple financial setup. A doctor might receive an NHS salary, private practice income and locum earnings. A GP may also be involved in a partnership. Moreover, a consultant could have
Many doctors, dentists, and locums start out managing their own tax records and bookkeeping, particularly when their income comes mainly from employment. It works for a while. But as your income grows or you switch
Accounting for private clinics is not the same as accounting for a shop or a cafe. In healthcare, you may deal with patient payments, insurance claims, practitioner fees, treatment-related costs and a mix of taxable
If you are running a medical practice and not fully sure what the practice has earned, what it owes, or where cash is going, it may be time to improve your medical practice bookkeeping. Below
If you’re a doctor, a clinic owner, or you run a practice with a mix of NHS and private patients, your tax situation is more complicated than most. You might have NHS pension contributions, or
Many doctors and consultants working on contracts or locum shifts often have to manage multiple income streams, pension contributions, and complex expenses. But if you are doing it without any proper planning, tax bills can
A group medical practice can look straightforward from the outside. A few clinicians work together, income comes in, staff are paid, rooms are rented, and the practice carries on. In reality, the financial side can
If you run a healthcare clinic in the UK, HMRC audits are becoming a very common reality. HMRC is massively cracking down on the medical sector right now. Here is your complete HMRC audit clinic