Medical
Opticians
Dental
Pharmacists
SMEExpert Tax & Accounting Services for GP Medical Practices
For specialist accounting services for gp Medical practices, Sial Accountants is on your side.
With so many factors impacting on the financial health of gp medical practices, knowing how to recognise the issues and prescribe the most effective treatment is something best left to a specialist.
Being experts in the field of bespoke accountancy services for GPs and their medical practices, SIAL Accountants can advise and guide you all the way. We’ll work with you to set achievable goals and do everything we can to make them a reality.
Our aim is simply to provide your GP Medical Practice with a first class specialist financial, accountancy and advisory service, whether GMS, PMS or APMS.
Why Choose Sial Accountants for your GP Medical Practices?
- GP Practice Accounts, Benchmark & Financial Statistics
- Drawing Projections, Cash Flow Forecasts and Budgeting
- Cloud-Based Bookkeeping, Xero, QuickBooks, Sage, IRIS
- Partnership and Partners Tax Returns and Tax Planning
- Practice Payroll and Auto Enrolment Services
- Preparation of Annual Superannuation Certificates for GP’s
- Retirement Planning and Pension Forecasting
- Advice Regarding PMS and GMS Contracts
- Reviewing Partnership Agreements & Surgery Ownership Options
SIAL Accountants give us the specialist accounting services we need to ensure our practice is run efficiently, and that we can focus our time and energy on looking after our patients.
DR D. K., General Practitioner, London NW7
Final Accounts & Tax Returns
Final accounts, tax returns, and financial services for optical practices, including management accounts.
Bookkeeping, Payroll, and VAT
On-site or off-site bookkeeping services, handle payroll including payslips and RTI submissions, and prepare and submit VAT returns.
Incorporation and Secretarial Services
We recommend the best legal structure for your practice, handle practice incorporation, and secretarial services.
Other Services
Advice on financing growth for independent practices, assist with asset purchases and financing arrangements, and provide guidance on buying a practice, including valuations and financing support.
What Makes Us Different?
As specialists in advising GP Medical Practices, GPs, doctors and consultants on financial and tax matters, in London and around the UK, SIAL Healthcare Accountants are experienced in dealing with all these issues, leaving you free to manage the more important aspects of your practice, and – more importantly – look after the needs of your patients.
Doctors already acknowledge that specialist accountants can manage their affairs more effectively than non-specialists and we have worked with countless doctors and GP Medical Practices to provide them with bespoke services to achieve their goals.
As members of the ICAEW Healthcare Group we have access to the latest legislative and regulatory updates, ensuring that you stay ahead of the latest changes in the healthcare sector.
Answers from Our Medical Accountants
Frequently Asked Questions
Choosing the right accountant for your medical practice is crucial. The financial landscape of healthcare is intricate, with its own set of challenges and regulations. Here are some frequently asked questions to guide you in making an informed decision.
What is medical accounting?
Medical accounting is a specialised field focusing on financial management for healthcare providers, including clinics and hospitals
How does medical accounting differ from general accounting?
Medical accounting caters to the healthcare industry’s unique financial needs, from managing insurance claims to adhering to healthcare-specific regulations.
Why is it essential for medical practices to have specialised accountants?
Specialised accountants understand the healthcare industry’s demands, ensuring accurate, compliant financial records and maximised revenue for practices.