Running a thriving GP practice is increasingly complex, but with the right financial support it can be a rewarding and fruitful undertaking. That’s where Moore Scarrott Healthcare comes in.
We work closely with your practice team to optimise your financial operation; identifying issues, trends and implementing improvements. Where possible we deal with the NHS bodies on your behalf, leaving you to focus on what you do best – running a clinically excellent, successful practice.
For a fixed annual fee, we offer a complete compliance service for GP practices that covers:
- Practice accounts in an easily digestible format showing your annual results and partners’ individual positions
- Full annual review of contract income to ensure that all payments due to the practice have been received and liaising with PCSE on these matters on your behalf
- Tax returns for all partners
- Personal expense claims for all partners
- Annual projections of drawings so partners know their monthly income and may budget accordingly
- A full service for potential new partners, including a free initial meeting to discuss their personal circumstances, buy in options, an assessment of their likely drawings, and other implications of partnership
- Issues relating to the NHS pension including annual Type 1 superannuation forms for partners, and liaising with PCSE on administrative matters
- VAT compliance issues for dispensing practices
In addition to the core compliance work we can offer additional services including (but not limited to):
- Property financing issues and advice on appropriate ways to hold the practice premises
- Advice on the structure and operation of your primary care network under various models and their implications
- Internal systems review to identify where you may be working more efficiently
- Outsourcing services where required such as book-keeping, payroll and HR
If you would like to see how your accounts would look in a Moore Scarrott Healthcare format, please contact us at firstname.lastname@example.org and we can provide you with this.
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