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AISMA Finance Clinic – Episode Four: How to attract potential new partners to your practice

January 13, 2022, by in Finance

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With a depleted workforce, encouraging GPs to become partners has never been more difficult. In this episode of the AISMA Finance Clinic, specialist medical accountants [i] Abi Newbury and Andrew Burwood discuss with James Gransby how to tempt new partners into general practice. They talk about how it’s not just the financial aspects of partnership…

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AISMA Finance Clinic – Episode Three: Preparing your year-end information

July 15, 2021, by in Accounting, AISMA

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AISMA-July-02

What is the most efficient way to pull together all the information that your accountant needs to prepare the year-end accounts? Do you take the ‘tidy as you go’ approach and record the information regularly through the year? With a busy surgery to run, the best intentions of keeping on top of the financial records…

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AISMA Finance Clinic – Episode Two: Profitability in General Practice

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Why are some GP practices more profitable than others while still maintaining high standards of patient care? Does high quality patient care always cost money? Not necessarily, is the answer from James Gransby, Abi Newbury and Andrew Burwood*, who are all medical accountants specialising in advising GP practices and their practice managers on financial matters.…

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COVID-19 ‘Finance Clinic’ hosted by AISMA

February 25, 2021, by in Accounting, COVID-19, Finance

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We’ve asked members of the Association of Independent Specialist Medical Accountants (AISMA) for tips and advice on the finance issues relating to funding for the COVID-19 vaccination programme. In this 20-minute vlog they tackle some of the burning questions you’ve been asking on this forum thread: Finance clinic on everything COVID – Ask your questions…

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Explaining the NHS Pension Scheme – A guide

February 9, 2023, by in Accounting, AISMA

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AISMA PENSION GUID

Following on from the informative series, delving into NHS pensions from the Association of Independent Specialist Medical Accountants (AISMA), we have now consolidated all nine parts into a fantastic free guide for you to download and keep. Does thinking about the NHS Pension Scheme give you that sinking feeling? Do you groan every time there’s an update…

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An update on final pay controls – it’s good news

June 17, 2021, by in Accounting, Pay

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Business woman using calculator for do math finance on wooden desk in office, tax, accounting, statistics home accounring  concept

In August 2020 specialist medical accountant James Gransby* wrote an article for Practice Index about the NHS Pension Scheme final pay controls and how to avoid them. A recent government announcement about the rules offers some great news for practice managers. Here James explains that although things have moved on since August, it’s still no…

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What does the 2021 Budget mean for Practice Managers?

March 11, 2021, by in Finance

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Budget 2021 for PMs_vfinal (MP update)

Following last week’s budget, there has been a lot of information surrounding what this personally means for GPs. However, here at Practice Index, we felt that PMs needed to have a greater insight into what this actually means for practices and how they can benefit from new words such as ‘superdeduction’ or phrases such as…

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