Services for GP's
Running a GP practice is, in many ways, like running any other business. GPs employ staff, manage the property from which they operate, purchase equipment and aim to make their businesses profitable by controlling their costs in the most efficient way.
We offer a range of services designed to support GP practices, from preparing individual GPs’ tax returns to deciding on the most appropriate business structure for a practice – ranging from traditional partnership to limited liability partnership to limited company – which offer different advantages both in terms of tax and the increased flexibility of opportunities to take part in NHS contracts.
We can also offer specialist support on superannuation, including completion of annual Certificates of Pensionable Profits, to ensure that NHS pension contributions are calculated correctly. Other services of interest to GP practices include:
- budgeting and cash flow
- finance for surgery developments
- General Medical Services and Personal Medical Services contracts
- practice accounts preparation
- practice accounting systems advice and support
- practice development advice
- practice and personal tax compliance and planning
- Primary Care Trust negotiations
- VAT
- Business Consolidation
- Business Expansion
