HEALTHCARE ACCOUNTING

Giving Doctors, Dentists and Practice Managers freedom to improve and grow

Financial, time and resource pressures?

We take care of the financial burden of running your practice to allow you to focus on what matters most to you – patient care.

We have a unique understanding of the healthcare industry and how it works.

We give you tools and resources to save time, mind and money such as business planning sessions, budgeting and forecasting, time management, organisational reviews and regular coaching. And we make sure you’re ready for the future, looking at everything from specialist tax and superannuation advice to your pension and retirement.

Build a real connection with dedicated healthcare experts

As members of the Association of Independent Specialist Medical Accountants (AISMA) and UK200Group, you’ll have access to support that goes beyond just your accounts and tax returns.

A truly integrated service, accounts, tax planning, financial planning and payroll all under one roof – that’s what our clients value the most. There’s nothing we cannot help you achieve.

WHO WE WORK WITH

Our specialist healthcare team act for hundreds of:
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GP and Dental practices

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Locums

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Associates

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Consultants

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Practice Managers

Across the North East and beyond.

What do you want from your healthcare accountant?

  • I need an accountant to help me become more efficient
  • I want to minimize my tax bill
  • I want to complete my accounts ahead of the filing deadline so we can talk about future planning and growth
  • I want to understand dividends and how much I can take
  • I need pension and retirement planning advice
  • I need advice on mergers and acquisitions

Our Dental Packages

We provide a full dental accountancy service for hundreds of Associate Dentists and Dental Practices across the North East.

Our Dental Associate Package

  • Annual accounts each year along with the additional four quarterly submissions when requested by HMRC
  • Tax return for each year submitted electronically – with tax calculations and student loan calculations
  • NPE assistance and advice working towards the annual NHS deadline of 30th June including any discussions with principals if you wish
  • Ongoing advice including highlighting allowable ongoing costs you may incur.
  • Calculations stored digitally for 24/7 access
  • Xero software package already set up with settings unique to an associate dentist including use of their mobile app. The Xero subscriptions charges are covered by us.
  • Year to date profit figures to aid tax planning

Only £650 a year (plus VAT)

Our Dental Practice Package

  • Annual accounts each year along with the additional four quarterly submissions when requested by HMRC
  • Tax return for each year submitted electronically – with tax calculations and student loan calculations
  • NPE assistance and advice working towards the annual NHS deadline of 30th June if you wish
  • Ongoing advice including highlighting allowable ongoing costs you may incur.
  • Annual review of profits and personal circumstances to aid tax planning
  • Payroll
  • Book-keeping and management accounts
  • Support with the acquisition and sale of dental practices
  • Structuring your dental practice

Pricing available on request

Our additional services include:

Business planning and strategy with our business advisory team

SA302s, tax year overviews and mortgage references upon request

HMRC fee investigation service to cover any HMRC enquiries

Financial Planning services from Robson Laidler Wealth offering advice on both pre & post-retirement.

HOW WE WORK

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We start with a planning meeting to find out where you are, where you want to be and we then advise how we can help you get there.
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You receive a quote, which details exactly what you will get from us and how much it will cost you.
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We keep in touch with you at touch points throughout the financial year to suit you to make sure you are on track

HEALTHCARE SUCCESS STORIES

How one healthcare company solved their bookkeeping issues and streamlined their systems for a more efficient business.

TALK TO OUR FRIENDLY TEAM

Tell us about your practice or situation. Contact us to book in a meeting here.

Amy Park, Director

Healthcare Blogs

Our team of healthcare accountants take pride in keeping you up to date with the latest industry news. Follow our blog for useful updates.

Clarity on the implications of basis period reform

As the tax season approaches you may be confused over the changes with the tax basis period reform, particularly if you have a financial year that doesn’t align with the standard 31 March or 5 April.   There has been some misunderstanding regarding whether businesses can distribute excess profits if […]

What Expenses Can You Claim As A Dental Associate?

Here is a quick start guide to what expenses you can claim as a dental associate: Professional Subscriptions: Professional Indemnity – MPS, MDU, DDU, etc. General Dental Council ICO Royal College of Surgeons Dental magazine subscriptions   Training: Training courses that help you: Improve skills and knowledge you currently use […]

Staff entertaining expenses dentists need to get their teeth into

We know that our dental clients like a party, as do we, but do you know the staff expenses tax implications of entertaining and Christmas bonuses? An annual Christmas party, or a meal and drinks out with your staff is enough to trigger a tax charge if the limits are […]

BDA warns of ‘death of NHS Dentistry’ in England without major reforms

The British Dental Association (BDA) has warned that there needs to be a fundamental reform of NHS dentistry to address the current exodus of dentists from the service and the crisis in patient access. Thousands of dentists have left the NHS since Covid lockdowns, with almost half of dentists in […]

No funding for GPs’ increased salary costs

The Department of Health and Social Care (DHSC) has confirmed that GP practices will receive no additional funding to cover recommended pay rises for salaried GPs and other practice staff, a decision that could cost the average practice up to £40,000. The DHSC announcement follows a recommendation by the Review […]

High earning NHS workers could face huge pension tax bills

High earning NHS workers, including GPs and practice manager partners, could face a £33,000 tax bill due to the way inflation is applied to their pension. The Government has rejected a call from the Association of Independent Specialist Medical Accountants (AISMA) to repeat the 2019/20 compensation scheme, which protected NHS […]

How inflation may affect NHS pension members

With inflation on the rise it’s important to consider pension tax charges for NHS pension members. This has been a huge issue for medical professionals over recent years, which you will be very aware of.  Many NHS pension scheme members have reduced hours, declined additional responsibilities, left the scheme or […]

NHS Pension – exit planning tips

In 2019 Robson Laidler Wealth wrote a blog entitled NHS Pensions – handy hints to plan your exit   This has been one of our team’s most viewed blogs yet since 2019 there have been a few changes, which you should be aware of.  One thing that hasn’t changed and […]

The Autumn Budget Changes to Pensions

If you have a UK pension then you may need to be aware of three important changes that were announced in the recent Autumn Budget:   No 1.  The change to the age that you can take an income from an invested pension. We’ve been mentioning this to our clients […]

GPs given until 12 November to declare 2019/20 earnings

Under regulations that took effect from 1 October, GPs and practice employees with more than £150,000 in NHS earnings in the 2019/20 financial year are required to declare this income by 12 November.   The full guidance is now available and can be found here:   https://www.england.nhs.uk/publication/general-practice-pay-transparency-guidance/   The Robson […]

How can I look after my employees’ financial wellbeing?

In these tricky times, how do you as an employer remain profitable whilst trying to look after the wellbeing of your employees? Many employers ask us what an acceptable level of employee benefits is and of course this has to fit within their budget.   The pension Since around 2012, […]

Financial Planning for GPs

GPs need to focus on their future financial planning just like the rest of us. Most GPs we talk to are working long hours in addition to patients with Covid, they are dealing with the fall out of long Covid, mental health issues exacerbated by the pandemic and also those […]

Healthcare professional expenses- what can you claim?

As a healthcare professional, how many times have you purchased a work-related expense and not claimed for it? Are you confident you are maximising your income by claiming all tax-deductible expenses that you have incurred as part of your job? Are you sure that your tax responsibilities are being fully […]

Tax Reminder for NHS Pension Members

NHS Pension Members – Don’t forget to declare excesses from your 19/20 pension savings on your January Self Assessment return. If you have exceeded your Annual Allowance for 19/20 and you don’t have sufficient unused annual allowance to carry forward to cover the excess, you must declare this on your […]

Primary dental care COVID-19 update

Our healthcare team have prepared an update document setting out the measures being proposed for general dental practices and community dental services regarding the emerging COVID-19 situation. We have also provided comments in regards to the application of these. An electronic copy of the NHS England preparedness letter, and all other […]

Freedom of time, mind and finance for healthcare clients

Our mission at Robson Laidler is to enable individuals and businesses to gain more freedom, through expert advice at every stage of their journey.   We therefore aim to help create freedom of time, mind and financial freedom for all of our clients including our healthcare clients.   In recent […]

NHS Pensions – handy hints to plan your exit

For most of the doctors I meet, their NHS Pension will underpin their retirement planning.  So, it’s probably a good idea to get clued up/take some advice if you have a specific date/lifestyle in mind! Here’s what you should be thinking about: We think it’s a good idea to determine […]

Can I order a prescription for financial piece of mind?

We know / that as busy medical professionals, it’s difficult to find time to prioritise your own plans.  For most doctors, your NHS Pension will underpin your plans to reduce hours/stop work altogether later on. However, there have been so many changes to the NHS Pension and pension legislation in […]

WE KNOW / “IR35” can cause confusion

On 6 April 2017 new rules came into play which meant that “public bodies” – and for the purpose of these rules, GP practices are classed as a public body – now have to decide whether off-payroll workers should be subject to the deduction of tax and national insurance contributions […]