Healthcare

Healthcare requires an accountant who specializes in and understands your particular requirements.

The healthcare sector is constantly changing – even in private practice, compliance needs are huge. Our specialist healthcare accountants have been working with GPs, dental practices, care homes and other healthcare professionals for many years, providing business management, accountancy and taxation services.

At Makesworth we are fully up-to-date with the wide-ranging reforms to the NHS system and the ever-changing legislation affecting the healthcare sector. We can guide you through the intricacies and complexities so that you can concentrate on your patients.

We can provide accounting, finance, tax, and advisory services to:

• Doctors and GP practices
• Dentists
• Pharmacists
• Opticians
• Osteopaths
• Physiotherapists

How can we help?

Each area of the healthcare profession has subtle differences in its accounting and advisory requirements; our team understands those differences and advises accordingly.

GP practices

We provide the following services:

• Regular management and year-end accounting
• Tax compliance and planning
• Advice on alternative business structures
• Superannuation certificates
• NHS pension reports and projections for annual allowance and lifetime allowance planning
• Planning of partner drawings and cash flow management
• Succession planning, partnership changes, and property ownership
• Software selection and training

As well as acting for the practice, we can also provide guidance to individual GPs in relation to tax planning

If you’re a locum or salaried GP, a hospital consultant or doctor, we can assist with your very specific accounting needs:

• Annual accounting and tax returns
• Assistance with NHS pension returns
• Advice on tax-deductible expenses and requirements around business record-keeping
• Retrospective tax claims of professional and examination fees
• NHS pension reports and projections
• Alternative business structures including limited companies

Dentists

We provide the following services:

• Regular management and year-end accounting
• Tax compliance and planning
• Alternative business structures, including limited companies
• Superannuation annual reconciliation reports
• NHS pension reports and projections for annual allowance and lifetime allowance planning.

Care homeowners

A care home is a highly specialised business, with distinct accounting needs. We have experts in-house who can help you with:

• Annual accounts, payroll, bookkeeping, and management reporting
• Tax planning and business structure review
• Personal, partnership and corporation tax returns, and partial exemption VAT calculations

Let us look after the accounts, tax and business strategy, so you can focus on looking after your patients.