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MEDICAL ACCOUNTING

Dean Statham’s specialist Medical Department can offer you the expert advice and support necessary to keep pace with the ever changing world of medical practitioners.

With so many changes taking place in the way that funding is received and with an ever-growing emphasis on running practices as businesses, the need for specialist sound financial management has never been more important.

Recognising this trend at Dean Statham, we have drawn together a team of highly accessible, medical accounting specialists with over 30 years experience, acting for over 50 medical clients who fully understand your concerns and problems as doctors, dentists, consultants and practice managers.  Our specialist Medical Department is headed up by Anne Grant, a qualified Chartered Tax Adviser who has significant expertise in dealing with the accounting and taxation issues relevant to medical practitioners who are technically self-employed but participate in the NHS Pension Scheme as employees. 

And, as members of the UK200 Healthcare Group and the ICAEW Healthcare Group, our staff are kept fully up to date of any changes within the healthcare sector relevant to our clients.

Our specialist Medical accounting services include advising on:

• Preparation of detailed accounts clearly showing all income streams and expenses to help identify any trends/omissions;
• Advising on levels of partners’ monthly drawings/tax retentions;
• Improving practice profitability and benchmarking practice performance against local and national statistics;
• The preparation of budgets and projections;
• Completion of annual superannuation certificates;
• Advising on partnership agreements/disputes;
• Minimising tax liabilities/maximising expense claims;
• Retirement and inheritance tax planning;
• Maintenance of accounting records on Iris (formerly Maclean McNicoll) and Sage;
• Payroll preparation and advice including PAYE settlement agreements;
• VAT registration and advice for dispensing practices;
• Application for deferment and claims for repayment of National Insurance Contributions.

In addition, our medical clients will receive our bi-annual healthcare newsletter to help you keep up to date on the latest industry changes, trends and tax issues.

For more information on Medical Accounting please contact Anne Grant on 01785 238167 or email lagrant@deanstatham.com