Medical Accounting

The world of GP finances is an increasingly complex one. You need local, specialist medical accountancy advice to successfully navigate the constantly shifting parameters of contemporary primary care.

As one of the country’s leading specialist medical accountants, let us help you make the most of every opportunity to boost your practice finances.  Lead GPs and practice managers are being forced to deal with increasingly complex financial arrangements and commercial issues. FK Medical can help you overcome the financial challenges facing GP practices. Our highly trained advisers have the specialist knowledge and experience to ensure that your practice finances will thrive.

How we work

Rather than offering a quick fix solution to your accounting needs, we have a holistic approach to the financial health of your practice. For us, that means taking the time to get to know how your practice operates and the particular issues you face. We’ll then apply our expertise, in-depth knowledge of the medical profession and wealth of experience to tackle any problem areas throughout the practice.

Some of the ways we can help include:

  • Annual accounts that serve as a management tool for the financial control of the practice
  • Partnership tax computation and tax returns
  • Tax planning for the practice and individual GPs to minimise tax liability and boost income
  • VAT returns and VAT planning
  • Preparation of superannuation certificates and pensions forecasts
  • Private fee statements
  • Drawings calculations
  • Financial performance benchmarking, against other local practices and at a national level
  • Pensions planning for both doctors and staff

We can also advise on:

  • Bidding for new contracts
  • Surgery premises including cost/notional rent
  • Practice capital and re-financing
  • Partnership changes and agreements

We are a member of AISMA (the Association of Independent Specialist Medical Accountants) a network of more than 70 independent accountancy firms across the UK who are specialists in working for medical practitioners. Click here to find out more about AISMA.

Find out what we can do for you

Give us a call on 01582 540800 and speak with a member of our specialist Medical team or fill in our contact form to book a free appointment.

Contact us