Accounting Services for Healthcare in Penzance
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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 finances tend to involve several moving parts at once, and small administrative gaps can turn into disproportionate tax queries or unexpected bills. These are the areas where healthcare professionals and practices most often need specialist input.
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.
It covers the core compliance work — annual accounts, Self Assessment or Corporation Tax returns, bookkeeping, payroll and VAT returns — delivered with an understanding of how healthcare income and costs behave. In practice, that means correctly separating NHS pay, locum sessions, private fees and insurer payments; claiming appropriate expenses such as registration fees, indemnity cover, CPD and clinical equipment; and handling the payroll profile of a practice with both clinical and administrative staff. It also includes advisory work on structure, profit sharing and tax planning.
It suits both individuals and healthcare businesses. Individuals typically include locum and salaried GPs, dentists and dental associates, consultants, pharmacists, nurses, physiotherapists and other allied health professionals with mixed or self-employed income. Businesses typically include GP and dental practices, private clinics, pharmacies and regulated care providers that employ staff, hold premises and need accounts, payroll and VAT handled properly.
Each income source is reported in the right place and on the right basis. Employment income is usually taxed through PAYE, while private fees and locum earnings are generally reported through Self Assessment. The important detail is ensuring expenses and pension contributions are allocated sensibly between the two, so relief isn't claimed twice and nothing is omitted. Bringing both together in one return also helps avoid the common problem of overpayments on account being calculated from an incomplete picture.
Not automatically — VAT depends on the nature of the services you provide and your taxable turnover. Many healthcare services provided by appropriately registered professionals are exempt, while services such as certain cosmetic or non-medical treatments are standard-rated. Where a practice earns a mix of NHS and private income, the exempt and taxable elements need to be identified and the registration threshold assessed against the taxable element. If registration is required, partial exemption rules may also apply.
Yes. Partnership arrangements bring their own considerations: profit shares, drawings, capital accounts, how new partners are admitted and how retiring partners are settled. We prepare partnership accounts and the associated partner returns, and we look at whether the current profit-sharing arrangement still reflects how the practice actually operates — which often matters more than it first appears.
Payroll is run to the usual real-time reporting requirements, with each employee's contract, hours, pension contributions and statutory entitlements handled correctly. That includes clinical staff on varying session rates, associates, locums paid through payroll where appropriate, and reception or administrative teams. We also manage auto-enrolment duties and produce the year-end reporting so employees receive accurate information without you having to chase it.
At minimum, a clear record of all income — NHS statements, private invoices, insurer remittances — alongside expenses such as registration and indemnity costs, CPD, clinical equipment, specialist clothing, mileage between sites and a reasonable share of home or practice running costs. Keeping these organised monthly rather than annually makes the year-end far faster and reduces the likelihood of missed deductions or questions from HMRC. Digital records and bank feeds make this considerably easier to maintain.
It starts with an initial conversation about how you work, what you're currently doing for accounts and tax, and where you feel least confident. From there we review your bookkeeping, filing position, VAT and payroll arrangements, and identify anything that needs attention. We then agree a scope of work, set up the systems needed to capture income and expenses properly, and put a timetable in place for returns and payroll. If you're moving from another accountant, we can handle the transition process for you.
