The healthcare sector is in a constant state of flux – even in privatepractice, compliance needs are huge. MHA MacIntyre Hudson’s specialist healthcare accountants have been working with GPs practices for many years, providing business management, accountancy and taxation services. Our Leicester and Maidstone offices are members of the Association of Independent Specialist Medical Accountants (AISMA).
The area covering GP’s has subtle differences in it’s accounting and advisory requirements to other parts of the healthcare sector, Our team understands those differences and advises accordingly.
We can help you by providing:
Regular management and year-end accounting
Tax compliance and planning
Advice on alternative business structures
Specialist capital allowance claims for surgeries
NHS pension reports and projections for annual allowance and lifetime allowance planning
Planning of partner drawings and cash flow management
Succession planning, partnership changes and property ownership
Software selection and training
As well as acting for the practice, we can also provide guidance to individual GPs in relation to tax planning and wealth management.
If you’re a locum or salaried GP, a hospital consultant or doctor, we can assist with your very specific accounting needs:
Annual accounting and tax returns
Assistance with NHS pension returns
Advice on tax deductible expenses and requirements around business record-keeping
Retrospective tax claims of professional and examination fees
NHS pension reports and projections
Alternative business structures including limited companies
Martin is a specialist adviser in relation to primary care.Martin deals with all aspects of GP businesses including the year end accounts, business taxation and personal tax compliance work.Martin also advises on other finance related matters such as property transactions, capitalisation, distressed practices partner structures, profit sharing, business strategy and so on.
Importantly Martin also has significant experience of helping practices to work ‘at scale’ through merger, federation or other innovative structures.In this respect Martin has worked both with CCGs and directly with practices to assist their thinking.Martin believes it is hugely important for any group of practices looking to enter a new structure to have all of the available options on the table and also that the chosen solution fits with the profile of the businesses involved and indeed with the local healthcare environment.Martin was involved in assisting with the formation of Our Health Partnership in Birmingham which is the largest super-partnership in the UK, although he has also advised on a small two practice merger at the other end of the spectrum.
Martin also has relationships in the wider professional community in relation to primary care, for example architects, surveyors, property developers/owners, banks, pensions advisers and so on.