A financial diagnosis from your healthcare accountants
There are few industries as noble as healthcare. That’s why specialist healthcare accountants exist: to make sure your taxes don’t overshadow your hard work.
Your hours are long. Your days are hard. So why should your accounts be an extra challenge to face? We believe they shouldn’t be, which is why we offer our specialised healthcare accounting services to the industry.
From your basic tax return to your more industry-related expenses and payments, we can do it all.
Expenses for the healthcare industry
Whether you’re a locum GP, a dentist or a therapist, you will likely build up a sizable expense tab by your year-end. These costs can span across your whole job, from allowable travel expenses to work uniforms and stationery.
Because your receipts will stack up very quickly, a specialised healthcare accountant can take responsibility for organising and filing them in your tax return. If you don’t track your expenses, you could miss out on lowering your annual tax bill. It pays to be diligent.
Expenses have to meet certain criteria to be eligible for a tax deduction, but don’t waste time researching what HMRC will and won’t allow – your accountant will know it all already.
An overall financial check-up
There are plenty of accounting needs for the healthcare industry, and our years of experience mean we’re familiar with all of them.
Our tailored services include the following:
- fully comprehensive compliance reporting, eg statutory, tax, and self-assessment
- complete bookkeeping service, including cloud accounting software with training
- handling your NHS pension
- cashflow forecasting and budgetary control
- payroll management
- tax-planning advice
- advice and assistance in raising finance
- advice on the optimum business structure.
Sometimes the simplest of services can have the greatest impact on your financial performance. In accounting, everything is connected. So we’ll provide you with an overall package, as well as focusing on the more complex areas of healthcare accounting.
Counting the pennies, building the pounds
As with most jobs, you’re probably looking to find ways to make the most out of your NHS pension. You work day in and day out looking after people, so why not have someone look out for you?
We’ll make sure you have the best advice on saving for your retirement, and your pension goes as far as possible. After all, everyone deserves a break, especially when you work in a high-stress industry such as healthcare.
Our healthcare accountants will do their utmost to make sure your finances have a clean bill of health.