Accounting Services for Healthcare in Romsey
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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 income is rarely straightforward, and the tax rules that apply to it are just as varied as the work itself. These are the issues we see most often when healthcare professionals and practices review their finances.
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 depends on how you are engaged. For a self-employed clinician, it typically means preparing a Self Assessment return that correctly reports employment, NHS, locum and private income, claiming the professional expenses that genuinely apply and planning for the tax that will fall due. For a practice or clinic, it usually means bookkeeping, annual accounts, Corporation Tax or partnership returns, payroll, VAT where relevant, and management information that helps the owners make decisions. In all cases the aim is accurate compliance alongside advice that reflects how healthcare income really works.
Locum work is where general accounting advice often falls short. Your income may arrive as PAYE from one trust, self-employed fees from another and private patient payments elsewhere, and each needs treating correctly on the same return. Expenses such as medical indemnity, professional registration, CPD and travel between sites also need to be judged against the rules rather than assumed. A healthcare-focused accountant can map that income and expenditure properly and help you keep records in a form that stands up to scrutiny.
We start by identifying each source and how it should be treated. Salaried NHS pay and pensionable earnings go through as employment income, while private consultations, insurance work, medico-legal reports and locum sessions are usually self-employed income reported on the appropriate pages of the return. The two are then brought together so your total liability, payments on account and any pension implications are worked out on the full position rather than in isolation. Keeping these sources separate in your records through the year makes the whole process far quicker.
Yes. Practice payroll often involves a mix of salaried clinicians, associates paid on a different basis, nurses, receptionists and part-time support staff, sometimes with varying hours or overtime. We handle the calculations, payslips, pension contributions and reporting obligations, and we can work with the way your practice already records hours. If you also pay locums, we can advise on whether they should be treated as employees or engaged on a self-employed basis and what that means for your obligations.
Common examples include professional indemnity and medical defence cover, GMC, GDC or NMC registration fees, professional body subscriptions, job-related CPD and training, specialist equipment and instruments, and a reasonable proportion of home running costs where you genuinely work from home. Practices will have additional costs such as clinical waste collection, equipment maintenance, premises costs and staff-related expenses. Not every cost is allowable, so we review claims against the actual rules rather than applying a blanket approach.
VAT in healthcare is rarely clear-cut. Many medical services are exempt, but dispensing, retail sales, cosmetic or non-medical treatments, room hire and certain other supplies can be standard-rated. Whether you need to register depends on the value and nature of your taxable supplies, not just your total turnover. If you are already registered, we can help make sure the right treatment is applied to each type of supply and that partial exemption is handled correctly where it applies.
Yes. For incorporated practices and clinics we prepare annual accounts and Corporation Tax returns, and we can take on bookkeeping, payroll and VAT so the records feeding those accounts are reliable. We also advise on matters that come up as a practice grows, such as taking on an associate, buying equipment, moving premises, changing the company structure or deciding how profits should be extracted tax-efficiently by the owners.
We begin with a conversation about your circumstances, followed by a review of your current records, returns and arrangements so we understand exactly what you need. Records and documents can be shared securely online, which suits clinicians working across multiple sites or practice owners with limited time during the working day. Once the position is clear, we agree the scope of support, who does what and the key dates in your calendar, then keep things running through the year.
