Specialist Accountants for Pharmacies & Locum Pharmacists
4.9/5.0
Google Reviews
See what doctors, dentists, and care providers say about working with us.
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 work brings a distinctive set of accounting pressures, and they are not always obvious until something needs sorting out. Common issues we help with in Redruth include:
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.
Pharmacist Accountants in Redruth handle the accounting and tax work that sits behind a pharmacy career or pharmacy business. For self-employed pharmacists and locums that typically means Self Assessment tax returns, help with recording income and allowable expenses, and guidance on record keeping. For pharmacy owners, partnerships and limited companies it usually includes annual accounts, Corporation Tax or partnership returns, bookkeeping, payroll, management accounts, tax planning and VAT support where a pharmacy is registered. The aim is to keep your records accurate, your filings on time and your tax position understood, with the specifics always depending on your individual circumstances.
They are suitable for anyone earning from pharmacy work in or around Redruth. That includes community pharmacists, locum pharmacists, self-employed pharmacists providing services on a contract basis, pharmacy owners, independent pharmacies, pharmacy partnerships and pharmacy businesses with employees or multiple sites. Whether you are just starting out as a locum, running a single independent pharmacy or managing a growing group, the support can be scaled to match the complexity of your income and your business structure.
Yes. Mixed income is one of the most common issues pharmacists face, because NHS payments, private prescription income, consultation fees, retail sales and locum invoices can all land in different places at different times. We help you organise that income into a clear, consistent set of records so that nothing is missed and the figures make sense at year end. How each income stream is treated for tax purposes can vary, so we will always look at your particular circumstances before confirming the position.
Many pharmacists and pharmacy business owners do need to file a Self Assessment tax return, particularly if you are self-employed, work as a locum, receive untaxed income, are a partner in a pharmacy partnership or have income from property or investments. Whether a return is required depends on your individual circumstances, so it is worth checking rather than assuming. If a return is needed, we can prepare and submit it, make sure allowable professional expenses are properly considered, and help you keep the supporting records in order.
Pharmacists commonly incur costs such as professional registration fees, indemnity insurance, professional subscriptions, training and certain travel costs connected with work. Whether a particular expense can be claimed depends on your individual circumstances, how the expense relates to your work and the rules that apply to your situation, so it is not something that can be answered with a blanket yes or no. We review your expenses with you, explain what appears allowable and what does not, and make sure the claims we submit are properly supported by records.
For a pharmacy business, bookkeeping involves recording sales, NHS and private income, supplier invoices, stock purchases, wages and other running costs in a consistent way. Payroll covers paying your pharmacy staff correctly, including deductions and pension obligations, and producing the required reporting. Both are far easier to manage when they are kept up to date through the year rather than reconstructed at the last minute. We can handle bookkeeping and payroll on your behalf, or work alongside your existing systems, depending on what suits your pharmacy.
Not every pharmacy or pharmacist needs to be VAT registered. Whether registration is required depends on your taxable turnover, the goods and services you supply, and your individual circumstances, and some pharmacy supplies are treated differently from others. Where VAT does apply, we can help with registration, preparing and submitting returns, and keeping the records that support them. Where it does not currently apply, we can explain the thresholds and what to watch for as your turnover changes.
Yes to both. If you are considering moving from sole trader to partnership or limited company, or restructuring an existing pharmacy business, we can talk through the accounting and tax implications before you commit, bearing in mind that the right answer depends on your individual circumstances. If you are unhappy with your current accountant, switching is usually more straightforward than people expect — we can liaise about the handover of information and make sure your records and filings continue without gaps. To get started, simply get in touch and tell us about your pharmacy work and what you need.
