Champion Accountants’ medical team brings a wealth of experience in providing specialist accounting, taxation, business support and financial services to the medical sector.
We understand the complex issues facing this industry and the difficulties that changes in legislation and funding have brought. Therefore, we will structure your affairs effectively to minimise tax burdens and effectively respond to the ever-increasing number of HMRC enquiries in this sector.
Our team currently works with GPs and GP practices, dentists, consultant surgeons, care homes and organisations offering supported living accommodation. We have recently dealt with a number of incorporations for high earning consultant surgeons and also act for a newly formed LLP which has 26 members.
We assist our medical clients with:
- Practice accounts and bookkeeping
- Personal tax returns and VAT, including VAT claims
- Advice on accountancy software
- Selecting the most appropriate company structure
- Partnership, shareholder and associate agreements
- Incorporation of private practices
- Advice on consultancy agreements
- Budgeting and cash flow projections
- Grants and tender applications
- Monitoring and benchmarking practice performance
- Practice development and identification of funding opportunities
- Preparation of annual superannuation certificates
- Strategic planning relating to selling a practice
- Retirement and succession planning
- Valuation of care homes
- Due diligence work for new care homes
- Capital allowances advice on the acquisition of new care homes
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