Displaying 1-10 of 23 results
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Associate dentist tax status changes
- Article
- 03 Jul 2023
What the changes mean for dentists and a guide to using the CEST Tool.
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Disclosure of GP earnings – how enforceable is it?
- Article
- 28 Jun 2023
The law that says GPs have to declare their earnings above a certain threshold has now been brought into force. But how enforceable is it really? I wonder how many GPs will choose to comply.
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GP Practice cashflow and sustainability
- Article
- 14 Jun 2023
How GP Practice accountants need to be advising their clients, now that costs are increasing and profits are reduced.
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Tax Basis Period Reform: How will this affect your clients’ practice and tax affairs?
- Article
- 31 May 2023
HMRC has been consulting on a proposed reform to the current basis period method for taxation, which applies to unincorporated businesses and LLPs. They have drafted legislation and consulted on the proposed amendments. At the time of writing, it is expected that the reforms will be fully effective from the 2024/25 tax year, with 2023/24 being a transition year. These changes will affect all sole traders, unincorporated partnerships and LLPs who currently do not prepare their annual accounts to a reference date ending between 31 March and 5 April.
Basis period reform: How to deal with estimated figures
- Article
- 03 Mar 2023
The fiscal year basis of taxation, applying from 2024/25, could mean unincorporated businesses that are unable to have an accounting date that matches the tax year will have to use estimated figures in their tax returns. How will this work and what are the penalty implications?
Exclusive
Introducing the new chair
- Article
- 02 Mar 2023
This year sees the end of Mark Skellum’s term as chair of the Healthcare community advisory group with former deputy chair Katie Collin taking over.
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Topical issues to consider for GP partnership clients
- Article
- 15 Feb 2023
I am not sure that we have ever been in more turbulent times in Primary Care General Practice and our role in helping practices to weather the storm has never been more important than it is now.
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Most GP practices don't need to register with TRS - but some should do
- Article
- 31 Jan 2023
GP practices and those acting for them will have noticed emails warning about the need to register with the new Trusts Registration Service (TRS).
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Additional information being requested by banks and lenders
- Article
- 29 Apr 2022
As GP practice accountants we have always been asked to provide certain confirmation details to banks and lenders. Until recently this has typically involved completing a lender’s Accountant’s Certificate which confirms an individual’s income details, or simply sending copies of the last three years’ ‘SA302’s’ (the tax calculation that accompanies a personal tax return).
Exclusive
Current GP practice topical accounting matters
- Article
- 28 Jan 2022
Greater funding into PCN's means that a number of issues need to be considered when advising clients.
Displaying 1-10 of 23 results