Due to NHS regulations many pharmacies are feeling an increasing squeeze on profit margins, along with a considerable focus on compliance, is adversely affecting their day to day operations.
To maximise your profitability you need more than just an accountant. At Moore Scarrott Healthcare we investigate all the angles to optimise the efficiency and profitability of your business.
We can review the share and board structure of your existing pharmacy and advise accordingly on any amendments to be made. We study your business from every conceivable angle and can carry out all compliance work, including the preparation of accounts, tax returns and other items required by regulation.
We proactively apply our in depth understanding of the NHS funding stream, and the optimal relationship between this and over the counter sales, to ensure you’re not only compliant with the necessarily legislation (including VAT) but benefiting from all the options available to you.
Selling a pharmacy
With Moore Scarrott Healthcare you benefit from our vast experience dealing with sales in other sectors combined with our specialised medical knowledge. We provide proactive advice throughout the process, starting from a strategic review of potential purchasers, through to post-disposal completion.
- Early stage valuation
- Identification of potential purchasers
- Tax advice for business and individual owners on disposal
- Assisting with the preparation of the Information Memorandum
- Distribution to potential acquirers
- Maximising the after-tax disposal proceeds
Our compliance service for locum pharmacists consists of:
- Preparation of self-employed accounts (registering with HMRC if necessary)
- Preparation of limited company accounts
- Preparation of tax returns
- Filing with HMRC and Companies House
Alongside our core compliance offering we can also add value to our locum pharmacist clients by:
- Ensuring that all eligible expenses are claimed against tax
- Utilising the correct business structure to mitigate tax burden
- How to extract money in the most tax efficient way
Contact us at email@example.com to arrange a free initial meeting or to discuss our services in more detail.
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