We've noticed your using a old browser this may cause issuse when experincing our site. We recommend updating your browser here this provides the latest browsers for you to download. This just makes sure your experince our website and all others websites in the best possible way. Close

Archive | Finance RSS feed for this section

What to look out for before signing a PCN agreement

What to look out for before signing a PCN agreement

Things are moving fast – some would say too fast – in establishing primary care networks.  Amidst all the speculation and comment in the rush to get the networks set up, it is essential that practices understand what they are signing up to. Specialist medical accountant Bob Senior explains what to watch out for. Don’t

Continue reading...

Payments, practices and financial benchmarking

Payments, practices and financial benchmarking

Just before Christmas, NHS Digital published the NHS Payments to General Practice, England, 2017/18 report. Now in its fifth year of publication, this provides in-depth information on payments to providers of general practice services in England in the past financial year. The report covers payments to 7,543 general practice service providers across England. Details published include a

Continue reading...

10 top tips for successful financial forecasting

December 6, 2018, by in Accounting, Finance

0 Comments

10 top tips for successful financial forecasting

GP practice budgets continue to be squeezed harder and harder as costs seem to be continually on the rise and funding on the slippery slope downwards. As a result, financial forecasting is becoming more and more important. So how do practice managers get it right? Russell Finn, Specialist Medical Accountant at Harold Sharp, shares 10 top

Continue reading...

Child Immunisations – the great practice opportunity

More money, less time, better service delivery – for practice managers up and down the country this has to be the ultimate goal. While achieving more with less – and getting rewarded for it – is nothing more than a pipe dream when it comes to most services provided by practices, there is one area

Continue reading...

Attracting new GP partners – the financial offer

April 24, 2017, by in Finance, GP Partners

0 Comments

Attracting new GP partners – the financial offer

Written by: Lentells Accountants It is becoming increasingly difficult for some GP practices to recruit new partners, due partly to the current national shortage.  In this article, we examine some of the financial detail to include in a contract offer to a new GP partner. The main requirement of the financial offer should be based

Continue reading...

IR35 the NEW Rules

IR35

Written by: David Elliot, Tax Director. BW Medical Accountants Ltd. HMRC’s IR35 legislation is nothing new.  Its purpose is to ensure that individuals working in engagements which are deemed by HMRC as “disguised employments” are obligated to pay employment taxes over to HMRC.  However, in HMRC’s view, the IR35 rules haven’t strictly been adhered to and

Continue reading...

GP Practice Merger – Financial Considerations

March 21, 2017, by in Finance, Mergers

1 Comment

GP Practice Merger - Financial Considerations

Merging with other GP practices is becoming an increasingly common route being taken in order to maintain profits at a time of inflating costs. Practices should consider the following financial issues of any prospective merger: Profit shares – This is usually done based on the number of partner sessions worked, but if there were different

Continue reading...
Get in the know! Keeping practice managers updated and connected.

Subscribe to our FREE weekly email newsletter: