Match your accountant to your medical practice
RACHAEL COBB, who heads up Page Kirk's accounts department, asks whether it might be time to consider changing your accountancy firm.
In difficult times, you want to make sure that you are getting all the support and help you need. And that includes from your accountancy firm. Are they giving you the advice and guidance to equip you for the challenges right now? Or those that may crop up a little way down the line?
As a medical specialist, it is important to consider whether your accountant has the specialist expertise to match. Here at Page Kirk, we specialise in supporting doctors and dentists and are members of both AISMA and NASDAL. The medical profession faces many complex industry-specific accounting and tax issues, and it is now more important than ever to have in place robust systems for managing both your finances and your practice.
Due to our range of clients, we have a great deal of experience working in the sector and can advise on specific questions accordingly.
We offer expert advice in the following areas:
- Preparation of business and personal accounts
- Setting up a new practice
- Considering incorporation
- Developing your practice
- National Insurance Contributions
- VAT
- Business expense advice
- Claiming relevant benefits and allowances
- Employment related issues
- Personal financial planning, including inheritance tax strategies
- Retirement and pension planning
When it comes to getting your tax return correct, liaison with your accountant is important and you must be certain they are looking out for your best interests.
Your accountant could also look at your record keeping and advise on improvements if necessary, which would ensure a cleaner paperwork trail. At Page Kirk we can also offer training on transitioning to cloud-based software and using apps to make life easier for the day-to-day running of the business, whilst at the same time maintaining good records..
Our proactive advice can help to minimise your tax liability and maximise your wealth.
For more information, please contact us on 0115 955 5500 or email enquiries@pagekirk.co.uk.