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 several income streams, tight margins and detailed record-keeping requirements at the same time. These are the areas where our Pharmacist Accountants in Redbridge most often help clients bring order and clarity, keeping in mind that the right treatment can depend 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.
The scope depends on what you need, but typically it covers annual accounts, Self Assessment or Corporation Tax returns, bookkeeping, payroll and ongoing tax support. Many pharmacists and pharmacy businesses also ask for management accounts, VAT assistance where it applies, and advice on professional expenses, business structure or profit extraction. We set out clearly what is included before you commit, so there are no surprises later in the year.
We work with community pharmacists, locum pharmacists, self-employed pharmacists, pharmacy owners, independent pharmacies, pharmacy partnerships and limited company pharmacy businesses. If you combine pharmacy work with teaching, consultancy, training or other income streams, that can be reflected too. The common thread is that your income, expenses and reporting requirements are pharmacy-related and benefit from someone who understands the sector.
Yes. Many pharmacists earn a salary alongside locum or self-employed income, and the two are treated differently for tax purposes. We help you record each income stream separately, track the expenses connected to your self-employed or locum work, and make sure your Self Assessment return reflects the full picture. How much tax you pay on that combination depends on your individual circumstances.
We gather your income details, allowable expenses and any other relevant information, then prepare and file your Self Assessment return by the deadline. We also review figures with you before submission so you understand what is being reported and why. If you have payments on account, changing income levels or unusual one-off items, we explain how those affect what you owe. Individual circumstances, such as other income or reliefs, can change the outcome.
Commonly considered expenses include professional registration and indemnity cover, professional body subscriptions, relevant training and continuing professional development, and certain travel costs between locum assignments or business locations. Whether an expense is allowable depends on the specific nature of the cost and your circumstances, so we review items individually rather than assuming a blanket rule applies.
Yes. We can maintain your bookkeeping throughout the year so records are accurate and ready for accounts or tax returns, and we can run payroll for dispensary staff, counter assistants, pharmacy managers and directors, including PAYE and pension-related administration. Keeping bookkeeping current also makes it far easier to spot trends, review margins and avoid a last-minute rush before filing deadlines.
VAT treatment can vary depending on what you sell, who you sell to and the nature of your income, and some pharmacy supplies are treated differently from others. We can help you assess whether registration is required, how VAT should be applied and how returns should be prepared where VAT applies. Because the correct position depends on your individual circumstances, we review your specific activities before advising.
Yes, switching is usually simpler than people expect. We ask for details of your current accountant, obtain the necessary authorisations, and liaise with them to collect your records so the handover is smooth. To get started, simply get in touch with a summary of your situation and what you need support with, and we will explain the next steps, timelines and how your accounting will be managed going forward.
