Accounting Services for Healthcare in Yelverton
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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 be layered, and the tax complications usually come from how those layers interact rather than from any single transaction. These are the issues 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 typically covers Self Assessment for sole traders, partners, locums and clinicians with private income, annual accounts and Corporation Tax for limited companies and partnerships, bookkeeping and record keeping, payroll and pension administration for practice staff, VAT advice including partial exemption where private and exempt healthcare supplies are mixed, and management accounts that help you understand profitability and cash flow. Alongside compliance, most healthcare clients want help interpreting what the numbers mean for decisions about staffing, premises, equipment and how their practice is structured.
The core rules are the same, but the patterns are distinctive. Healthcare clients often have several income streams at once — NHS or health board payments, private fees, insurance work and locum shifts — and those need to be recorded separately so returns reflect reality. Professional registration fees, indemnity insurance, CPD and clinical equipment raise expense questions that are specific to the sector, and mixed exempt and standard-rated services make VAT more involved than it is for a straightforward trading business. An accountant familiar with these patterns tends to need less explaining and can spot issues earlier.
Yes, and it is one of the most common situations we see. The important thing is that each source is recorded clearly, with supporting documentation, so that your Self Assessment return or company accounts show the correct figures. Where you receive payments through different routes — practice accounts, direct patient fees, insurer settlements or locum agencies — we look at how those are being tracked and tidy up the process if needed. We also consider what the mix means for payments on account, so the January and July instalments do not come as a surprise.
It depends on your turnover and on the nature of the services you provide. Many healthcare services are exempt from VAT, but not all of them, and treatments that are primarily cosmetic or not provided by a registered health professional are often standard-rated. A clinic offering a mixture of exempt and taxable services may be partially exempt, which affects how much input VAT can be recovered. If your turnover is approaching the registration threshold, it is worth reviewing the position properly before registering, because voluntary registration is sometimes beneficial and sometimes not.
Locum work is usually treated as self-employment, which means registering with HMRC, keeping records of each engagement and reporting the income on Self Assessment. Travel between sites, professional insurance, registration fees, phone and internet costs used for booking work, and a proportion of home costs where you run your administration from home are commonly claimed, provided they are genuinely incurred for the work. Where a locum role starts to look more like employment — fixed hours, set duties, equipment supplied by the practice — the position may need closer examination, particularly where an agency or personal service company is involved.
Yes. Practice payroll usually includes a mix of salaried clinicians, nurses, reception and administrative staff, and sometimes associates or locums paid through the payroll. We handle payslips, real-time information submissions to HMRC, statutory payments, auto-enrolment pension duties and year-end reporting. If your team includes staff on varying hours or bank or sessional arrangements, we set up the payroll so those variations are processed consistently and reflected properly in the records.
Moving from sole trader to partnership, or from partnership to a limited company, has tax consequences that are worth planning rather than discovering afterwards. We look at how profits are currently taxed, what incorporation would mean for National Insurance and dividend income, how practice assets and any equipment would be transferred, and what happens to existing contracts and registrations. For GP partnerships, there are also questions about profit-sharing arrangements and incoming or outgoing partners. The right answer depends on your income levels, your plans and how you want to draw money from the practice.
Most healthcare clients are busy during the day, so much of the work is handled remotely using secure document sharing and accounting software, with conversations arranged at times that suit you. To get started, the first step is a conversation about how your work is structured, what income streams you have, who you employ and what is currently causing difficulty. We then review your existing records and filings, and suggest which services would help most. If you decide to proceed, we agree responsibilities, set up a bookkeeping routine and confirm the key dates ahead.
