Healthcare Accountants in Swindon

Accountants for healthcare businesses

As a healthcare professional, you want all your focus to be on running your organisation smoothly and providing a high quality of care for your patients.

But with complex regulations and accounting requirements that apply to this sector, many people find that their time is increasingly lost to administrative and financial tasks. That’s where we can help.

Accounting in the healthcare industry is different in several ways to other types of accounting. For instance, if you’re a provider of NHS services, you’ll need to meet specific requirements when you file your annual accounts. Your pension will also operate differently to those for private-sector businesses, and you’re more likely to be affected by tax rules such as the tapered annual allowance.

Organisations in this industry also benefit from certain business structures and partnerships more than other businesses might, and setting up these structures requires a high level of specialist knowledge.

At AMS Accountancy, we have several years of experience working with healthcare businesses in Swindon, and a full understanding of the rules and regulations involved.

We keep our clients compliant with tax law while also offering advice on how they can set up and run their organisation as efficiently as possible, claiming any allowances and reliefs available along the way.

If you run into any problems or have questions you need answers to, we’ll be on hand to assist – in fact, because of our experience working with healthcare businesses, the chances are we’ll have encountered a similar problem in the past. Our specialist accountants can act as both a source of information and a friendly ear, advising on any worries you might have.

Accounting services for healthcare businesses

We’ve helped our clients to start new healthcare organisations and structure them the right way, to establish efficient, cloud-based bookkeeping systems, and to grow their business sustainably while making the most of the tax allowances and reliefs available to them.

We understand the intricacies of the VAT system as it relates to healthcare businesses, and can advise on the correct rating of different types of medical equipment and services.

Another area of our expertise is the off-payroll working rules known as IR35. Changes to these have applied to the healthcare sector since 2017, making it essential to understand your working status and that of anyone you hire in light of the legislation.

And when the time comes for you to sell up or pass your healthcare business on to the next generation, we can advise you on your exit plans and any capital gains tax that might be due.

Our accounting services for healthcare businesses include:

  • Bookkeeping, accounting and support with technology
  • VAT advice and compliance
  • Tax planning
  • Advice on structuring healthcare organisations
  • Capital allowance claims for healthcare organisations
  • Planning and advice for NHS pensions
  • Succession planning and advice on partnership changes

Get in touch for accounting advice from healthcare industry experts.

Get in touch today for a free consultation.

We are very happy to meet you to discuss your business or even your idea for a business. We will advise you on the most tax efficient structure if you are setting up and we can review your business if you are already trading.