Specialist accounting for dentists, medical and healthcare professionals
Helping you make healthy business choices
As the medical and dental industries face many complex, sector-specific accounting and tax issues, it is important that you have robust systems in place for managing them effectively.
Providing you with more than just the financial day to day basics, we can help you plan for changes in guidelines and legislations, seek ways to reduce your operating costs and advise on advanced tax planning to give you a secure financial future.
We can also offer specialist advise to help you prepare and file business and personal tax returns, assist with payroll procedures, and offer guidance on pension inputs and related tax planning.
Profitable practices
- Assisting with setting up a new practice or expanding an existing one.
- Preparing your business and personal accounts.
- Helping you manage and plan your National Insurance contributions.
- Offering cost management advice and forecasting/budgeting services.
- Advising on personal financial planning strategies and pensions.
- Helping negotiate and structure agreements for the incorporation of new associates into an established practice.
Acounting services for Doctors and Dentists
Approved Accounting are here to advise GP Practices, locums, salaried doctors, dentists and pharmacists on:
Maximising income and controlling costs
We can provide you with innovative financial software, such as Xero, that allows you to control and monitor your expenditure and income closely. Enabling you to take a live view of your financial position, we can help you create forecasts and look for additional ways in which to budget and save costs.
Systems support
Not only will we help you manage business challenges and take advantage of opportunities, we can also offer outsourced accounts department services to help look after the day to day maintenance of your accounts receivable and payable, payroll, drawings, tax liabilities, workplace pensions etc.
Protecting your pension and future planning
We can help you understand recent changes in the NHS pension scheme that will allow you to make informed decisions about your future. And, when it comes to business, we can advise you on the best ways to minimise your tax liabilities, and consider succession planning.
Governance Control
When you are not only responsible for your own money but the investment and funding from others, it is important that your business stands up to scrutiny. At Approved Accounting we can help your ensure your business is run in the most efficient way possible to avoid unwanted surprises.
Why choose Approved Accounting?
We are an independent accounting practice with a growing number of clients in the medical and dental sectors. Our extensive technical and commercial knowledge base allows us to inform and guide our clients through the intricacies of the ever-changing business environment.
At Approved Accounting, we work hard to build close-knit relationships with our clients, forging many long-term partnerships and becoming an integral part of your practice. Our team of accredited accountants and tax advisers deliver a truly bespoke and personal service to our clients on a fixed fee basis and without any hidden costs.
To find out more about our services and fees please get in touch with Approved Accounting today.
