Medical and Healthcare
Medical Practitioners are facing number of challenges as a result of redical reform of Nation Health Service (NHS) by Government. At SouthWest Accountancy we can assist you respond to these challenges
At SouthWest Accountancy we advise a wide range of clients across the medical and healthcare sector, including:
- Doctors/consortiums
- Dentists
- Medical suppliers
- Residential nursing/care homes
Recent changes in Government policy and the radical reform of the
National Health Service (NHS), together with changing commercial
realities, have meant many medical practitioners are facing difficulties
with budget and resource management.
Issues such as fund holding, budgeting and forecasting have become vital concerns in medicine. And in dentistry, the growing unwillingness of many to work within the constraints and the financial restrictions of the NHS have compelled them to become, in effect, businesses subject to normal commercial pressures.
These are difficult times, but the sweeping changes affecting the medical profession also present some significant opportunities.
At SouthWest Accountancy we can help medical practitioners respond to these challenges. Whether you are a general practitioner or running your practice as partnership or Limited Liability Partnership ( LLP) we are hear to help. Our dedicated team provides expert advice on issues such as:
- Forecasting
- Tax
- Tax Planning and Investigations
- Strategies for boosting profitability
- Budgeting
- Cashflow management
- Partnership issues
- Property acquisition
Tax has also become a major headache, with HM Revenue & Customs (HMRC) paying close and often unwelcome attention to the affairs of medical practitioners. Full-scale investigations are increasingly common. In such a climate, medical practitioners have to be advised and supported by medical and specialist NHS accountants who understand their profession in detail. It is equally important that they are represented by a firm that is experienced in HMRC negotiations at the highest level.
As well as our expertise in all aspects of finance, tax and general business matters, we have a thorough understanding of the medical world and provides genuine value for money. In addition, by drawing upon other services within SouthWest Accountancy we can advise you on the information technology and property matters you need to know.
