Expert Tax & Accounting Services for Primary Care Networks

For Tailored Accounting Services for Primary Care Networks, SIAL Accountants is Your Trusted Partner.

Primary Care Networks (PCNs) play a vital role in the UK’s healthcare system, bringing together GP practices and other community-based services to deliver integrated care to local populations. Given the collaborative nature of PCNs, financial management becomes more complex, requiring specific expertise in managing pooled resources, staff costs, and NHS compliance. At SIAL Accountants, we provide accounting and tax services designed specifically for PCNs, enabling your network to operate efficiently and in full regulatory compliance.

Our Services for Primary Care Networks (PCNs)

Understanding the operational and financial needs of PCNs, we offer services that cover all aspects of PCN finances, ensuring each part of your network’s resources is optimally managed.

Pooled Budget Management: With multiple funding sources and shared expenses, managing a PCN’s pooled budget requires meticulous oversight. Our team ensures that all contributions, allocations, and spending align with NHS guidelines while promoting financial transparency and accountability within your network.
Tax Planning and Compliance: PCNs often face complex tax scenarios, especially when it comes to shared income and expenses among member practices. We provide expert tax planning and compliance services, including partnership tax returns, income distribution strategies, and guidance on VAT obligations or exemptions specific to PCNs.
Payroll and Staff Cost Management: From shared staff to cross-practice administrative roles, managing payroll within a PCN demands accuracy and efficiency. SIAL Accountants handles payroll taxes, National Insurance, and pension contributions for PCN staff, ensuring full HMRC and NHS compliance across all employment structures.
Financial Benchmarking for PCNs: Financial benchmarking helps PCNs measure their performance against national standards, enabling data-driven decisions on resource allocation, cost management, and operational improvements. Our benchmarking services provide insights that can help PCNs optimise financial health and increase service quality.
Strategic Planning and Advisory: As PCNs grow and evolve, strategic financial planning is essential to ensure sustainable development. Our advisory services support PCNs in aligning their long-term goals with NHS funding structures, helping to identify areas for investment, resource sharing, and efficiency gains.

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.

Why Choose SIAL Accountants for Your PCN’s Financial Needs?

At SIAL Accountants, we understand the unique challenges and opportunities within Primary Care Networks. Our extensive experience in healthcare and NHS-specific requirements enables us to provide bespoke financial support to PCNs across the UK. We ensure your financial management not only meets compliance standards but also empowers your network to focus on its core mission—providing quality patient care.

Answers from Our Primary Care Networks PCN’s Financial Accountants

Frequently Asked Questions

Choosing the right accountant for your Primary Care Network (PCNs) 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.

Why do Primary Care Networks need specialised accounting?

PCNs combine resources and services from multiple practices, which involves complex budgeting, shared expenses, and tax considerations. A specialised accountant ensures all financial aspects comply with NHS regulations and operate smoothly.

What tax obligations do PCNs face?

PCNs often file partnership tax returns and manage income distributions across member practices. Additionally, certain services might qualify for VAT exemptions. We help PCNs navigate these tax obligations efficiently.

How do you assist PCNs with payroll?

We handle all payroll-related needs, from calculating taxes and National Insurance contributions to pension management, ensuring compliance across all staff employed within the PCN.

Is financial benchmarking beneficial for PCNs?

Yes, benchmarking enables PCNs to compare their financial performance with national standards, identify areas for improvement, and make informed decisions about resource use.

Why is strategic planning important for PCNs?

Strategic planning ensures that a PCN’s financial resources are used effectively and sustainably. This helps PCNs prepare for future needs, adapt to funding changes, and support long-term service goals.

Medical

Opticians

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