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.
Pharmacy finances tend to be more layered than they first appear, and small oversights can build into bigger problems over a tax year. These are the areas pharmacists most often ask us about.
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.
The service is built around your circumstances, so the exact mix depends on whether you are a locum, self-employed pharmacist, pharmacy owner or limited company. Typically it covers Self Assessment tax returns, annual accounts, bookkeeping and financial record keeping, Corporation Tax computations and filings, payroll for your team, VAT support where registration applies, management accounts and ongoing tax planning. The aim is to cover both compliance deadlines and the practical day-to-day questions that come up around pharmacy income, expenses and business costs, with clear, transparent packages and no hidden fees.
It suits anyone earning through pharmacy work. That includes locum pharmacists, self-employed pharmacists, community pharmacists with additional income, pharmacy owners, independent pharmacies, pharmacy partnerships and limited companies operating one or more pharmacies. It also works well for pharmacists with portfolio careers combining locum shifts, prescribing clinics, consultancy or training. If your income comes from more than one source, or you are thinking about changing how the business is structured, that is usually a good moment to speak to Pharmacist Accountants in Barking.
Each income stream is recorded in its own right so the accounts and tax returns show an accurate picture. NHS payments, private prescription income, retail sales and locum fees can all be treated differently, and the bookkeeping is set up to capture them separately rather than lumping everything into one figure. How specific payments are treated for tax purposes can depend on your individual circumstances and the way the business is structured, so it is worth discussing your particular arrangements rather than assuming a general rule applies.
Yes. This is one of the most common situations we see. Employed income is reported alongside self-employed locum income on the same return, and the two are kept clearly separate so the figures are correct. Professional expenses connected with the locum work may be relevant, along with the usual allowances, but whether a particular cost can be claimed depends on what it was for and your individual circumstances. We review your records before filing so nothing is missed and nothing is claimed that should not be.
It depends on the nature of the cost and how it relates to your work or business. Costs that are genuinely incurred for the purposes of the pharmacy business are generally more straightforward, while items that have a personal element or a dual purpose need more careful consideration. Stock purchases, staff costs, professional fees, insurance, equipment and certain training costs are all areas we look at, but the treatment of any individual expense depends on individual circumstances. We would rather discuss the specifics with you than give a blanket answer that does not fit.
Yes. Payroll for pharmacists, dispensers, counter staff and other employees is part of the service, covering payslips, PAYE and pension duties, along with the correct handling of locum payments where these run through the business. Bookkeeping runs alongside it, capturing income, stock, supplier costs and overheads through the year so the records are current rather than rushed at the deadline. Keeping both together means the accounts and payroll figures reconcile properly, which makes annual accounts and tax filings considerably smoother.
VAT rules are not always straightforward for pharmacies, because NHS income, private prescriptions and retail sales can be treated differently and there are thresholds and exemptions that may be relevant. Whether you need to register, and how VAT applies to each type of income, depends on your individual circumstances and turnover. We review your position, explain what it means in plain English, and help you keep the records needed to support the VAT treatment applied, including advice on when it may be worth reviewing registration.
Yes to both. If you are moving from another accountant, we can help manage the handover so records, deadlines and filings transfer smoothly without gaps. If you are newly self-employed — perhaps starting out as a locum or taking on your first pharmacy — we can set up your bookkeeping, records and reporting properly from the beginning, which is far easier than correcting problems later. Either way, the first conversation is simply about understanding your situation and what you need Pharmacist Accountants in Barking to take care of.
