Healthcare - Medical. Chartered Accountants, Tax & Business Advisors.

Similar documents
NEWSLETTER. Healthcare. Summer Chartered Accountants, Tax & Business Advisers.

Financial Services. Our Financial Services team are experts in the audit and assurance needs of investment businesses.

General Practitioners Professional Expenses. June 2017

AISMA Doctor Newsline

OLIM is a specialist fund management company founded in 1986.

NHS Dumfries and Galloway Equal Pay Statement 2013

NHS Professionals Limited. Interim Results for the Six Months Ended 30 September 2010

Curriculum Vitae of Michael Smith

VAT Guidance for General Practitioners

NATIONAL HEALTH SERVICE PENSION SCHEME (SCOTLAND) 2015/04

NEWSLETTER. Academy Advisor Spring Chartered Accountants, Tax & Business Advisers.

BT Protection Plans. Enhancements Guide 20 May For Adviser use only

MHA Agricultural Survey Report

PRACTICE PROTECTION A UNIQUE SERVICE OFFERING MORE THAN JUST INSURANCE

Viridian Private Wealth Pty Ltd Financial Services Guide

Staying on top of the compliance game Understanding new forces in financial services

Group Income Protection. Helping staff get better and back to work quicker. Retirement Investments Insurance Health

Setting up in the UK A guide for international firms wishing to establish a UK presence

The world s Swiss law firm

Financial Services Guide

Your helpful guide to. Barrister accounts and taxation

PKF in South West Europe

The Family asset PENSioN TRuST

National Health Insurance. SAPA Conference

Specialists in recruitment insurance

A GUIDE TO A CAREER AS AN ACTUARY

HEALTHCARE SERVICES ACCOUNTING FOR YOUR FUTURE.

Valuations and M&A Activity Todd J. Mello, ASA, CVA, MBA

The Know. Medical. Nov Inside find out about... Payroll Matters... Tax Measures 2017/18. Cloud Accounting. healthcare. Healthcare Tax Manager

Advisers. The Creative Pension Trust. A high quality qualifying workplace pension scheme

IVECO CAPITAL: YOUR GATEWAY TO THE WORLD OF IVECO

Brokers and Introducers. Agency Information Pack

Autumn Newsletter 2018

BROOKSONONE.CO.UK SPRING STATEMENT 2018

A GUIDE TO A CAREER AS AN ACTUARY

For financial broker use only. Group Income Protection. Protecting what matters. Retirement Investment Insurance

NHS Pension Scheme 1995 Section Informal Consolidation of amendments in force as at 1 st April 2017

Q. I am subject to the HPSS Superannuation Scheme superannuable earnings cap; how does this affect me?

Making Every Pound Count

ACCOUNTING FOR GENERAL PRACTICE POSTGRADUATE CENTRE MUSGROVE PARK HOSPITAL, TAUNTON

HELP WHEN YOU NEED IT MOST

KSA VAT IN A SNAPSHOT

The Scottish Government Health Workforce Directorate Pay and Terms and Conditions of Service Division

Auto enrolment: an independent guide for accountants by. Mark Lee

2014 MHA Agricultural Insight

APMH & Associates LLP Chartered Accountants KSA VAT IN A SNAPSHOT

HPSS INJURY BENEFIT SCHEME

The National Health Service Pension Scheme Regulations 2015

Organisational Structure

Practise like a vet think like a business owner

The Chartered Tax Adviser Examination

Our History, Vision and Strengths

Personal Accident / Sickness

APMH & Associates LLP Chartered Accountants UAE VAT IN A SNAPSHOT

Patent Box FACTS CARD 2016 /

NHS Pension Scheme Annual Allowance Pension Savings Statement Guide

I am contacting you as you new sessional GP rep for the Huddersfield division of Kirklees LMC

The endorsed choice for New York labor benefits

Employer Review. In this edition: Pensions update. Payroll update. Benefits and expense update. Spring 2018

BDO GUIDE TO STATE TAX COMPARISONS

Auto enrolment costs and charges

NHRPL 2006 ANNEXURE C 1. INTRODUCTION

THE VAT REVERSE CHARGE MECHANISM

Energise your business

Tackling the temporary workforce challenge together. 20 June 2018 HFMA Brighter Together: Workforce Forum

LENTELLS LIMITED UNDERSTANDING THE PROFIT AND LOSS ACCOUNT

NHS GP GOLDEN HELLO SCHEME. APPLICATION FOR PAYMENTS UNDER THE "GOLDEN HELLO" SCHEME FOR GMS GPs

NHS Pensions A guide to applying to become a Classic APMS Contractor Applying to the NHS Pension Scheme

The Practitioners Conference

Beyond Value

GMS 1 Superannuation Plan Retirement Annuity Relief

Single Touch Payroll. Presentation by Michael Karavas, Program Director, STP, ATO. speaking at PwC s Payroll Managers forum.

FBT for NFPs. A practical guide for your FBT compliance

Aon Retiree Health Exchange What your retirees need to know

CPN Breakfast Briefing Series Restructuring Business Ownership using the Small Business CGT Concessions

Audit Manual Refresher

What is salary sacrifice?

About us. Our Services. Robinson Reed Layton is an independent firm of Chartered Accountants and Chartered Tax Advisers.

NHS ENGLAND AND LEICESTER, LEICESTERSHIRE AND RUTLAND (LLR) CLINICAL COMMISSIONING GROUPS (CCGs)

SuperStream Stronger Super Reforms

AIB Supporting Business Customers

Our Financial Advice service

NHS Pensions A guide to applying to become a GMS/PMS/sPMS Provider - Applying to the NHS Pension Scheme

Offer your employees extra work benefits!

AustralianSuper Corporate. Outsourced super. tailored to your company s needs

NHS Pension Scheme 2008 Section Informal Consolidation of amendments in force as at 1 st April 2017

Learn More About: Glass Jacobson Financial Group 401(k) Plan Services

A limited company service with unlimited support for you

Helping your business with auto-enrolment

Ruth Stanier. Director General, Customer Strategy and Tax Design. 100 Parliament Street. London SW1A 2BQ

Implementing the new GMS contract in Scotland

Helping your business with auto-enrolment

The Annual Audit Letter for Staffordshire and Stoke on Trent Partnership NHS Trust

Raising professional standards in investment fund governance internationally

CPN Breakfast Briefing Series FBT & Employment Taxes Update. Helping you navigate your compliance for 2016

Tax Reliefs for Research and Development Expenditure

Healthy Start Package (Effective 4 April 2018)

Are You Thinking About Taking a Job In Another Country?

PROFESSIONAL FIRMS AND TAX RISK MANAGEMENT (A Paper authored by Paul Dowd FCA CTA M Tax Tax Counsel, Morse Group)

You get a better view with over 200 years experience

Transcription:

Healthcare - Medical Chartered Accountants, Tax & Business Advisors www.macintyrehudson.com

MHA Maclntyre Hudson has acted for Medical Practitioners for many years and our clientele includes general practitioners, consultants, surgeons, hospital doctors, locums, physiotherapists, in fact all healthcare professionals

We have a dedicated team which includes Partners, Managers, Accountants and Trainees and they cover the whole range of services from the production of annual accounts to the completion of tax returns, superannuation certificates, payroll and ancillary services. Our Medical Team understand the nuances of GP s accounts, are highly trained and very experienced. We adopt a hands-on approach to our clients so that we can anticipate their needs and their problems. Our Leicester office has been a member of the Association of Independent Specialist Medical Accountants (AISMA) since 2000. Specialist expertise through AISMA The Leicester office of MHA MacIntyre Hudson is a member of AISMA (the Association of Independent Specialist Medical Accountants). The Association is a forum for sharing knowledge, developing expertise and disseminating information amongst its members. It promotes high quality accountancy services within the medical profession and AISMA has developed a rigorous qualifying procedure to ensure that AISMA accountants are amongst the best advisers available.

AISMA members nationwide act for well over 9,000 doctors in more than 2,400 medical practices - and the number is growing. By sharing expertise, knowledge and data, members can build up a clear picture of just what makes a profitable, well-run practice. This gives us the ability to offer constructive advice to our clients and help increase clients practice profitability. Incorporation planning Although not possible for GMS or PMS income, incorporation is possible for other services and this may or may not be worthwhile. Whilst the effective highest rate of tax is 40% with an additional NIC surcharge of 1%, incorporation gives rise to a slightly higher rate where all the profits are distributed. Where the profits are not distributed by way of salary or dividend and are retained in the company, profits are taxable at rates ranging from 22% to 28% depending on the level of profits. This gives rise to a planning opportunity with the use of structures involving the use of corporate partners where retained profits are taxable at corporation tax rates. MHA Maclntyre Hudson LLP has guided clients through the benefits of incorporation and helped to decide on the best outcome, given the particular circumstances of each practitioner. Services We provide a comprehensive range of services and specialist advice, including audit and assurance, tax planning and compliance for both corporate and individual clients, payroll and VAT, corporate recovery, business strategy services and outsourcing. Other parts of MHA MacIntyre Hudson Group provide specialist advice on corporate finance and professional training. Beyond the traditional services, we have a specialised service offering to the medical profession:

Statistical information on income and expenditure Preparation of annual superannuation certificates Advice on accountancy software selection Tax and estate planning Retirement and succession planning Practice profitability and benchmarking Advice on software selection and training for Sage and MacLean McNicholl software packages. MHA MacIntyre Hudson, Leicester, has a large portfolio of medical clients including partnerships, large group practices and independent GPs. We have therefore built up considerable experience of serving the medical profession over many years.

Get in touch We would be delighted to come and talk to you about your requirements. Please call James Gransby to arrange an initial no obligation meeting. James Gransby Partner, Head of Healthcare Sector james.gransby@mhllp.co.uk +44(0)1622 754033 Or visit our website: www.macintyrehudson.co.uk Follow us @MHupdates MHA MacIntyre Hudson