“As well as providing an efficient ongoing service with our accounts, tax returns and personal expenses FK Medical have given us
excellent value for money from additional advice. [To date] the benefits of this advice include:
- Potential increases in the lifetime wealth of two partners (so far) by £12,000 - 18,000 each
- Avoidance of worry of extra tax bills on partner retirement
- Partners able to withdraw significant capital sums previously tied up in the practice
- Cash-flow increased by £180,000 following the review of bank loans
- Potential long term savings on practice mortgage loans of £250,000… “
Our Services
The wide spectrum of specialist topics we advise on includes GMS, PMS and salaried services, dispensing, outside income, practice based commissioning and tendering for contracts under the Equitable Access to Primary Care Medical Services programme.
Our standard package includes:
- Annual practice accounts with partners personal expenses included
- Practice statistics comparison to AISMA national profile
- Partnership tax computation, Tax Return and related correspondence with yourselves and the Inland Revenue
- Finance Partner/Practice Manager meeting to review draft accounts
- Partner meeting to review accounts and related matters
- Annual Superannuation certificate and associated matters
- Free telephone advice to all partners and practice manager for short calls
In addition we can provide:
- Tax provisions in accounts for all partners (where tax paid by practice) and associated work
- Partner monthly drawings calculations and associated work
- Financial forecasting, including cash flow
- Making provisions for partners leaving, retiring or joining the practice
- Specialist tax planning
- Pensions & investments advice
- Surgery finance matters
- Computerised accounts
- Management accounts and budgeting
- Payroll
- Sage software and support
FREE Initial Consultation and ‘No Surprises’ Standard Fee Policy
Whatever it is you need help with, the initial consultation is FREE. We’ll take the time to understand exactly what it is you want to achieve and, where appropriate, identify the areas that we can help you improve. We’ll then provide a clear estimate of the work to be carried out and tell you exactly how much you’ll be charged.
“…As well as providing an efficient ongoing service with our accounts, tax returns and personal expenses [FK Medical] have given us excellent “Value for Money” from additional advice… [To date] the benefits of this advice include potential increases in the lifetime wealth of two partners (so far) by £12 – 18,000 each; avoidance of worry of extra tax bills on partner retirement; partners able to withdraw significant capital sums previously tied up in the practice; cash-flow increased by £180,000 following the review of bank loans; potential long term savings on practice mortgage loans of £250,000…”
Extract from letter of recommendation from large Hertfordshire practice