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gp-pay-transparency

By Morag Miller

5th April 2023

'Pay Transparency for General Practice’ is back!

‘Pay Transparency for General Practice’ was initially introduced (and set out in legislation) in October 2021. However, shortly thereafter, as a consequence of the work demands of covid, the Department for Health and Social Care put it on hold… until now! The data collection has resumed and will commence with NHS Earnings for 2021/22.

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By Morag Miller

31st March 2023

Spring Budget 2023: Overview of announcements, a medic’s perspective

Despite intense pressure to cut taxes in his first Spring Budget, the Chancellor resisted, and while he seemed to deliver a fiscal plan that promised to stimulate growth.

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Sales and tax data

By Morag Miller

13th February 2023

Tax Changes for Unincorporated Entities: Change in the Basis Period

The changes may result in significant tax balances through the transitional period, so it pays to plan ahead and be prepared for the change. To ‘fail to plan’ is to ‘plan to fail’!

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Woman ill and not able to work

By Hayley Towlson

3rd March 2022

Can you afford to be off work with a serious illness?

Covid-19 has forced us all to think about our own financial situation. The need for financial resilience, stability and control has become front of mind for many when faced with job insecurity or the possibility of falling ill and becoming incapable of working. Furlough is now a thing of the past we hope as we move out of the pandemic to the endemic phase, Omicron notwithstanding.

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medical team

By Armstrong Watson

19th October 2021

Armstrong Watson launches new partnership with Medical Defence Union

Armstrong Watson has teamed up with the Medical Defence Union (MDU), the UK's leading medical defence organisation, and its partner organisation the Dental Defence Union (DDU), to provide its members with access to tax, accountancy and business advisory services.   

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By Morag Miller

1st October 2021

General Practice Pay Transparency - new contractual obligation to report NHS earnings exceeding prescribed threshold

As of 1 October 2021, the Government has amended the NHS (General Medical Services Contracts) Regulations to require a contract with a medical practitioner or partnership to contain a term requiring the contractor to make a self-declaration to NHS Digital should their NHS earnings exceed the prescribed threshold for a given year.

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By James Marlow

28th July 2021

Scams are getting more sophisticated (and common) so beware…

Unfortunately, we are continuing to hear of more people falling victim to scams during the pandemic. These can take many different forms with some about pensions or other high-return investment opportunities. Scammers can be sophisticated, opportunistic, appear authentic, using Covid-19 as an opportunity to persuade people to disclose personal or financial information either online or verbally, and whilst they may be likely to target the vulnerable, anyone can be affected or taken in.

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Woman adviser on video call

By David Squire

10th July 2021

Trusted advice is more important now than ever…

Trusted advice is more important than ever in times like these

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By Armstrong Watson

1st June 2021

Survey highlights businesses’ struggles following third lockdown and impact of Brexit

Recent research by the Association of Practising Accountants (APA) found that many businesses are still struggling with the impact of Covid-19 and the uncertain economic outlook

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Retiring Doctor talking to Nurse

By Armstrong Watson

30th April 2021

Approaching retirement - the importance of building a cash flow plan

Retirement can be daunting, whether its trepidation on whether your pension income will satisfy your spending habits, or the emotional journey of closing the book on the career in which you have worked so hard to achieve.

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