Healthcare Services

We provide practical support and advice from a partner led specialist healthcare team.

Whether you are a GP, locum, consultant, dentist or pharmacist, we can help you manage your tax and accounting affairs (including superannuation) whilst demystifying some of the more complex financial issues you face, enabling you to effectively manage and deliver your ‘day-job’.

Our dedicated specialist healthcare team has an abundance of expertise and experience in providing practical and flexible advice to healthcare clients, assisting you to transform the way you manage your business and financial affairs. No matter what your circumstance, our comprehensive suite of sector specific accountancy, tax and business advisory services will assist you in achieving your aspirations, whilst also ensuring you and your business are compliant with both tax and reporting responsibilities.

We pride ourselves on the relationship we build with our clients and our ability to provide expert timely advice in a language that you’ll understand.

Medical Services

Our services to the medical sector include the following services:

Accounting Services

Our specialist healthcare team understand the dynamic sectors in which you work. Their detailed knowledge of the medical, dental and pharmaceutical sectors enables them to deliver first class accounting services to you, whatever your business structure. Upon receipt of your accounting information we will prepare and deliver accurate and meaningful annual financial statements and management accounts, challenging you on unexplained variances whilst proactively sharing opportunities to enhance your profit.

Taxation Services

Whether a partner in a partnership or a director/ employee in a company, we can provide tax compliance services to you and your business. For higher rate tax payers, we will work with you to ascertain whether you are impacted by Tapered Annual Allowance, applicable when your pension fund growth exceeds pre-defined HMRC thresholds; and estimate your potential tax liability should your actual pension fund growth figures not yet be available. In addition to tax compliance services, we also offer tax consultancy services working with you to manage your tax affairs, and those of your business, in an efficient and effective manner both for today and for the future.

Pensions and Superannuation

Our specialist healthcare services team have many years experience of compiling Type 1 and Type 2 NHS superannuation certificates for client approval and onward submission to Primary Care Support England [PCSE]. Armstrong Watson's Financial Planning and Wealth Management team are also on hand to provide specific pension advice to individuals and assist in the selection of a pension scheme to meet the needs of your business.

Other services include:

  • Completion of ‘Estimate of Superannuable Pensionable Profits/Pay’ form for submission to PCSE;
  • Determination of GP Earnings for publication on practice website;
  • Budgeting and cash flow forecasts;
  • Business planning and strategy development;
  • Migration and support of cloud accounting systems [Xero platinum partner];
  • Tax Investigations Insurance;
  • HM Revenue & Customs enquiries;
  • Payroll bureau services
  • Practice mergers and financing
  • Property and practice structures
  • Retirement and succession planning
  • Surgery developments
  • This is not an exhaustive list but a sample of some of the services we can provide.

Call NOW to speak to one of the Healthcare Services Team

Call: 0808 144 5575

Accounting for Dentists and Dental Practices

Our specialist dental team can give you real peace of mind when it comes to the financial side of practice management. We can look after the full range of accounting, tax and financial planning services for your dental practice using our specialist knowledge of the dental sector to help your dental business. 

We understand how busy dentists are, and we’re here to support you rather than add to a busy work load.

We will ensure your practice is structured in the most effective way tax wise which means you keep as much of your profits as possible. Our deep understanding of how both private and NHS practices work, including restrictions surrounding NHS contracts can ensure you get the right structure in place.

We can monitor your performance and give you real time analysis of how you are performing against various bench mark figures though our use of the latest in cloud accounting technologies. Our platinum partnership with Xero, who are the leaders in their technology, helps streamline your business and keeps your financials to hand at the touch of a button.

Because our firm has many areas of specialist knowledge, we’re able to bring in strategic advice for your practice whenever you need it. You benefit from one point of contact, a strategic approach and joined up advice to help your practice achieve its goals and aspirations. 

Consistent support through every stage

Your business journey and growth are fully supported by a team with consistency as we are experienced in supporting practice owners, associates and hygienists, from qualification through to retirement planning.

Keeping money in your practice

You keep as much of your hard earned profit as possible as we can ensure you have a tax efficient structure in order to be as efficient as possible.

Technology to keep you up to date

You can only make informed spending decisions for your practice when you have a good detail of visibility of your financial position. We make sure you always have the latest, accurate financial information about your practice, when you need it.

Joined-up, strategic advice when you need it

You never know when you need advice from other areas in order to pursue your practice objectives. We have the experience to being in other areas of our business to advise you, such as business finance, tax and financial planning. You benefit from joined up advice which benefits your practice strategically.

Specialist knowledge that can benefit you

You need to get advice and support from industry specialists who have a detailed knowledge of your sector. As our articles and thoughts are often published, we are at the forefront of the sector.

What our clients say

Resources

Articles

Read the latest articles from the Healthcare Services team

Read more

Published Articles

Read our latest articles relating to the Healthcare Sector

Read more

Testimonials

Read what our Healthcare Sector clients have to say about us

Read more

Key contact

Enquiry form