Accounting Services for Healthcare in Tower Hamlets
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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 finance tends to be more layered than it first appears, and the same handful of issues come up again and again. Here are the ones we see most often.
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.
The work covers both compliance and advice. On the compliance side, that means preparing Self Assessment tax returns for self-employed healthcare professionals, annual accounts and Corporation Tax returns for limited companies, bookkeeping, payroll, auto-enrolment pensions and VAT returns where relevant. On the advisory side, it includes tax planning around private income, reviewing whether your current business structure still suits you, explaining how NHS and private income should be reported, and helping with practice finance decisions. The practical aim is to keep you compliant and give you a clearer view of your finances.
Yes. Locum work, private consulting sessions, associate roles and other self-employed arrangements all create their own accounting requirements. Typically that means registering with HMRC, keeping records of fees and expenses, completing a Self Assessment tax return each year, and budgeting for payments on account. Where you also hold an NHS role, both income streams need to be reported correctly together. We can handle the returns, keep the records in order and help you anticipate what will be due rather than being surprised by it.
Both are reported on the same tax return, but they are not treated identically. NHS salary is usually taxed through PAYE, while private fees, locum earnings and associate income are generally self-employed or untaxed income that must be declared. NHS pension contributions can affect your tax position, and if private income is significant, the interaction with pension annual allowance rules may be relevant. Getting this right depends on accurate records and a clear understanding of each income stream, which is exactly where specialist healthcare accountants add value.
Yes. Practices and clinics employing receptionists, practice managers, nurses, carers or associates need compliant payroll under real time information, including accurate tax codes, statutory payments, payslips and year-end reporting. Auto-enrolment pension duties also apply once staff meet the eligibility criteria, and those obligations continue regardless of how busy the practice becomes. We can run payroll on an ongoing basis, handle the pension administration and keep the supporting records that HMRC or The Pensions Regulator may ask to see.
It depends on your circumstances, but commonly considered items include professional body and registration fees, professional indemnity insurance, clinical equipment and uniforms, continuing professional development, professional journals and subscriptions, and travel between work sites. Costs with a private element, such as a home office, a phone or a vehicle used for home visits and site travel, need to be apportioned on a reasonable basis. Every claim must be genuinely incurred wholly and exclusively for your work, so we review expenses rather than assume, and we keep the evidence that supports them.
Not always. Many healthcare services are exempt from VAT, but that exemption does not cover everything a practice or clinic does. Where a business provides both NHS and private services, charges associates or locums for room use and administrative support, or sells goods such as retail products, VAT may apply to some of those supplies. Registration is compulsory once taxable turnover passes the threshold, and voluntary registration can sometimes be beneficial, sometimes not. We assess the specific mix of income before advising either way.
We work with clients remotely as well as in person, using secure document sharing and video or phone calls. Healthcare professionals in Tower Hamlets often fit financial admin around clinics, on-call rotas and home visits, so remote working means records can be sent when it suits you rather than requiring travel during working hours. Identities and documents are verified securely at the outset, and once we have authority to act, we can deal with HMRC on your behalf for the matters you have asked us to handle.
The first step is a conversation about how you work and what you need. We will ask about your income sources, business structure, existing records, current accountant or software, and any deadlines approaching. From there we review your position, confirm what support is appropriate and, where you decide to proceed, handle the handover from your existing accountant so you do not need to manage that correspondence yourself. If nothing needs to change, we will tell you that too.
