Specialist Accountants for Pharmacies & Locum Pharmacists
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NHS and private income reconciliation, stock valuation, capital allowances on dispensing robots, and profit extraction for owners.
Self-assessment, IR35 status on agency work, mileage and expense claims, and limited company versus sole trader comparisons.
Management accounts per branch, acquisition and goodwill advice, and funding forecasts for buying a second or third pharmacy.
VAT on zero-rated and standard-rated lines, e-commerce bookkeeping and stock control for distance-selling pharmacies.
We reconcile EPS and NHS schedules against till takings, track stock movements and keep your books ready for review at any point in the year.
Dispensed NHS medicines are zero-rated while over-the-counter sales and services are standard-rated. We get the split right and reclaim what you are due.
Company or sole trader returns prepared with every allowable cost claimed, from GPhC registration and indemnity to training and fixtures.
Payroll for pharmacists, technicians, dispensers and delivery drivers, plus workplace pension auto-enrolment and statutory pay.
Status reviews on agency and locum engagements, expense claims and the most efficient trading structure for your level of income.
Pharmacists and pharmacy businesses often deal with income and costs that are more complicated than they first appear. These are the areas we help clients in Balloch untangle most often, though the right treatment always depends on your individual circumstances.
Drug tariff, category M, EPS reconciliation and stock valuation — no explaining required.
One qualified point of contact who knows your branch, your numbers and your plans.
Xero, QuickBooks or Sage linked to your bank and till so figures are current, not six months old.
Management accounts showing dispensing margin, retail margin and profit per branch.
One agreed monthly fee with no hourly billing and no unexpected invoices.
We work with pharmacies, GP practices, dentists and clinics, so the sector is all we do.
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Using the latest technology to offer customised financial strategies that help healthcare practices grow and thrive.
A dedicated accountant who understands pharmacy margins, stock and NHS reimbursement.
Our team is here whenever you need guidance. We offer unlimited support to ensure your financial management is always on point.
Our team has over 100 years of combined accountancy experience.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our pharmacy accountants handle everything. Switching mid-year is simple and you never need to contact your old accountant:
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.
Our Pharmacist Accountants typically handle Self Assessment tax returns, annual accounts, Corporation Tax where relevant, bookkeeping, payroll, tax planning and the financial record keeping that supports all of it. For pharmacy owners and partnerships, that also includes business accounting, management accounts and VAT support where your turnover and circumstances mean it applies. We explain exactly what is covered before you start, and our packages are fixed and transparent so you are not left guessing about fees.
It is designed for anyone working in pharmacy, including community pharmacists, locum pharmacists, self-employed pharmacists, employed pharmacists with additional income, pharmacy owners, independent pharmacies, pharmacy partnerships and limited company pharmacy businesses. If your income comes partly from a salary and partly from locum or private work, or you run a pharmacy with staff and stock, the service is structured around that mix rather than a generic small business template.
We record each income stream separately so it is clear where earnings come from and how they should be treated for tax purposes. NHS income, private prescriptions, over-the-counter sales and locum fees can all be accounted for correctly, with supporting records kept in a way that makes future returns and any HMRC queries much easier to handle. The exact tax treatment depends on your individual circumstances and business structure, and we will talk you through it.
Yes. Locum pharmacists often have multiple payers, irregular hours and a mix of expenses, which makes accurate record keeping essential. We help you track locum fees, travel between sites, professional registrations, indemnity cover and other allowable costs, then prepare and submit your Self Assessment return on time. We also explain how the final figure is built up, so the tax bill is never a surprise.
Common examples include professional registration fees, indemnity insurance, continuing professional development, specialist equipment, and travel between work locations where it qualifies. What you can claim depends on your employment status and individual circumstances, because the rules differ between employed, self-employed and limited company arrangements. We review your costs each year and make sure claims are reasonable and well supported.
We do. Bookkeeping keeps stock purchases, supplier costs, staff wages and day-to-day expenses accurate and up to date throughout the year, which makes your accounts and tax returns far simpler. Payroll covers dispensary and counter staff, including the pension duties that apply, and we can handle both on an ongoing basis so nothing slips. Good records also give you a clearer view of how the pharmacy is performing.
VAT treatment in pharmacy is not straightforward, because some supplies are exempt and others are standard rated, and registration depends on your turnover and circumstances. We help you understand whether registration is required, how it affects your pricing and margins, and how to keep records that support the position you take. Where the answer depends on your individual situation, we will say so clearly and work through the options with you.
Just get in touch and tell us a little about your work or your pharmacy business. We will talk through your accounting and tax requirements, then set out a clear route forward with fixed, transparent packages. If you already have an accountant, switching is usually straightforward — we can liaise with them, obtain the records we need and make sure deadlines are not missed during the transition.
