As a high earning, self-employed individual you will be exposed to large tax liabilities so choosing the right financial expertise is key to ensuring your affairs are structured in the most tax efficient manner.
At Moore Scarrott Healthcare we provide a holistic service, working both for the practice overall as well as the individual GP partners. That way, you’re assured our advice is always reliably informed and curated to meet your exacting requirements. Our clients appreciate that we provide full tax estimates into the future, for a long as practically possible, assisting more robust financial planning outcomes than other accountants.
We will deal with all your tax compliance work as part of the practice’s annual fee, including:
- Keeping you fully up to date on your tax position and focusing on your individual needs and aspirations and that of your family, to ensure that we are acting in your best interests at all times
- The provision of detailed annual projections of drawings for partners to ensure that appropriate capital is being held, and advising on the implications for new partners joining and refinancing projects
Our extensive experience within the medical sector extends to dealing with the NHS pension scheme and we deal with the pensions agency on your behalf. It’s imperative that as a GP you’re fully up to date with your pension affairs to avoid tax charges and to ensure you’re on track for your retirement aspirations.
Succession planning (partners joining and leaving) is another area where the right advice is imperative to ensure a financially appropriate transition. Moore Scarrott Healthcare works on your behalf to manage costly buy ins and any ‘last person standing’ issues, as well as to minimise your tax.
When taking on a new practice we will meet with each partner individually to assess their financial needs so we can tailor our advice accordingly.
For further information and to arrange a free initial meeting at a time and location to suit you then please email firstname.lastname@example.org.
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