Healthcare: GP Practices
We support and advise on the financial aspects of your practice allowing you to concentrate on what you do best - looking after your patients.
We provide business support all year round, not just the annual compliance work on accounts and tax matters.
We help you maximise your income and monitor your costs to identify possible savings as well as ensuring you are paying the correct amount of tax.
We take the time to get to know both you as an individual and your practice to enable us to review and advise on your capital and inheritance tax position.
We don’t simply prepare your annual practice financial statements and ensure partners’ profit shares and current accounts are fairly represented, we also take the time to meet with you to help you understand them. In this way we help you to better analyse your practice, its strengths and weaknesses, and identify opportunities to maximise income and reduce costs.
Your time is best spent caring for the needs of your patients. Our team of specialists will prepare your tax return and calculate the liability due. We also liaise with the tax authorities on your behalf to relieve the ever increasing burden of tax compliance.
We ensure that your superannuation certificates are prepared and submitted to NHS England on a timely basis. We ensure that you are compliant with superannuation regulations and that correct contributions are being paid.
We specialise in navigating the VAT regulations applicable to dispensing practices, pharmacies and other healthcare businesses that are required to register for VAT, including the complex partial exemption calculations.
"Harris+Co have provided a timely and professional accountancy service to Penistone Group Practice for many years. Partners’ tax affairs are handled efficiently, and they have a very good understanding of the Health Care Sector. Communication lines are clear and
speed of response to enquiries is excellent."
Business Support and Advice
We pride ourselves on getting to know you and your practice to enable us to provide tailored advice and support when you need it.
Tax and Estate Planning
We have a team of 6 Chartered Tax Advisers who proactively seek opportunities to minimise your tax burden and have a wide variety of tools to help you structure your estate in a tax efficient manner.
We review your business structure to help ensure that it is as flexible and as tax efficient as possible.
We can advise on the whole practice life cycle from admitting a new partner and its tax implications to financing the exit of a retiring partner.
We work with a number of Independent Financial Advisers who can help you with pension planning, an increasingly important issue for medical professionals in view of the government’s planned reductions in the annual and lifetime pension allowances.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01226 282461. Or if you would prefer, ask us a question online.
Our services (pdf)