Medical

If you accessed your pension before April 2024 without taking the full tax-free lump sum, a Transitional Tax-Free Amount Certificate (TTFAC) could allow you to access more tax-free cash. Director, Jan McLean, explains how the new rules work and what to consider before making further pension decisions.

Making Tax Digital for Income Tax is approaching, and medical professionals need to be prepared. This blog outlines MTD-compliant software options and what to consider when choosing the right solution for your needs.

Legally, the partners are the partnership and, unless the partnership is set up as an LLP, the partners are jointly and severally liable.

NHS Pension members who opted out between 2015 and 2022 may now be able to reinstate their benefits under the McCloud Remedy. Director, Jan McLean, outlines what you can do, the costs involved, and the key tax considerations to review before making a decision.

Making Tax Digital for Income Tax will change how many medical professionals report their income. Manager, Jamie Butcher, explains who needs to comply, what the rules mean for GP locums and partnerships, and the steps you can take now to prepare.

Senior Manager, George Crowe, explains why accurate bookkeeping and financial record-keeping are essential for any business. It covers cash flow, credit control, compliance, growth, and how modern software can save time and reduce errors.

Senior Manager, George Crowe, explains the benefits of being in the NHS Pension Scheme, including defined benefits, tax relief, and death in service support. It also outlines the consequences of opting out, such as reduced pension growth, lost benefits, and tax implications. A useful guide for NHS professionals making decisions about their pension.

Jo Benton talks you through why financial forecasting is essential for pharmacists and locums. Learn what to include, how to build a forecast, and how it can help you plan for the future.

Senior Manager, George Crowe, provides a guide for self-employed medical professionals on what qualifies as a tax-deductible expense. Learn how to stay compliant and maximise your tax efficiency.

Senior Manager in medical accounting team, George Crowe, outlines 10 key factors to consider before joining a general practice partnership, from legal and financial matters to values, trust, and long-term commitment.

Partner in our medical accounting team, Louise Dean, explains the NHS Pensions choice letters (Remediable Service Statements) sent to affected retired members. Outlining what the letters mean, timelines, and the support available to help make informed pension choices.

From Saturday, 6 April 2024, the government removed the Lifetime Allowance (LTA) and introduced new rules for pension lump sums, including the Lump Sum Allowance (LSA). Partner, Andrew Burwood, explains what these changes mean for NHS Pension members