Medical – Doctor and Dentist-As specialists in providing tailored accounting services for the Medical industry, we understand the specific issues facing today’s. VMK Accountatants specialises in the accountancy services for healthcare sector, being able to offer specific advice to locums, pharmacists, dentists, medical consultants, orthodontists, doctors, etc. Location is not a problem as we operate a paperless office – and our team are always happy to visit you at your premises, out of hours if required.

We know there are not enough hours in the day for a busy practice manager to find time to analyse the financial data to the extent you would like – we can devote time to helping you to minimise your tax bill and make the most of your income.

Here are the support services we can offer you:
• Accounting for income from different sources such as hospital PAYE work, private patients, and participation on advisory panels
• Partnership arrangements such as income sharing or joint ownership of premises
• Advising doctors who are technically self-employed but participate in the NHS pension scheme
• Dealing with VAT registration for dispensing practices
• Completion of superannuation certificates

As your tax and accountancy advisers, we can help you to:
• Submit your paperwork accurately and on time each year
• Claim all of the benefits and allowances available to you
• Decide whether to set up a practice, take on new partners, expand your practice or become a limited company
• Manage your practice accounts as well as your own personal tax return
• Meet your obligations as an employer
• Plan for your financial future and navigate the potential pitfalls of pension schemes, wills, Inheritance Taxes, life policies, etc
• Maximise your earning potential and minimise your tax bill

We can provide proactive advice on all areas of your business and finances, from accounting for income from different sources, to partnership arrangements, and maximising your personal wealth.

Some of the other areas where we can help you include:
• Buying or setting up a new practice
• Considering incorporation
• Employing staff and related issues
• Preparation of annual accounts
• Practice valuations
• Business planning and development
• Raising finance
• Succession planning
• Personal financial management
• Pensions and retirement
• Tax planning strategies

If you would like to arrange a more in-depth discussion with us, please feel free to contact us at VMK Accountatns for more information.