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Doctors

We are one of the leading firms of accountants in the medical sector and founder members of the Association of Independent Specialist Medical Accountants (AISMA), which provides essential support to GP practices via a consortium of professional services member organisations.

Doctors

We provide a full range of services including:

Practice management support:

  • Bookkeeping assistance and advice regarding systems and best practice, along with software implementation
  • Xero certified advisors
  • Change of year end / utilisation of overlap relief
  • Payroll outsourcing
  • Practice business advice
  • Advice on partnership changes
  • Cashflow forecasts
  • Drawings calculations and partnership funding
  • Forecasting and practice budgeting
  • Property issues including surgery premises financing and new builds
  • Financial reports on retirement/admission of partners
  • Practice profile – detailed financial comparisons of income and expenditure to our large database of GP practices including profitability per partner session and per patient

Accounts:

  • Preparation of practice annual accounts
  • Accounts report providing supporting information to the annual accounts
  • Superannuation – completion of Annual Certificates of Pensionable Profits and estimates regarding future liabilities
  • Tax and superannuation estimates with draft accounts so that practices can plan for payments

Tax:

  • Annual allowance pensions savings charges
  • Inheritance Tax reviews and planning
  • Preparation of VAT returns and specialist VAT advice
  • Partnership taxation
  • Personal taxation – including preparation of personal expenses

Financial planning advice:

  • Financial planning – pension and investment advice
  • Pension planning and financial advice
  • NHS pension expertise

Seminars to trainee GPs

  • BHP provides finance training to approximately 25 VTS training schemes nationwide

BHP also work with other medical practitioners and can provide accountancy services for Dentists.

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