Healthcare

Accounting for the healthcare profession requires expertise and an understanding of the industry. We have long established relationships with a number of clients in the Healthcare Sector and our clients include the following.

Care Homes

We have a thorough knowledge of the care home market and this combined with our expert tax team allows us to help to maximise profits and minimise tax liabilities through important areas such as inheritance tax planning, maximisation of entrepreneurs’ relief, land and buildings transaction tax mitigation and capital allowances.

Consultants

With many consultants exploring different trading vehicles such as partnerships, LLPs and limited companies we can advise which structure best helps to protect personal exposure while minimising tax. We have helped with incorporating private practices for maximum tax efficiency and our services aim to help busy consultants to maximise their net income while saving them time and reducing their administrative burden.

Dental Practices

We understand the issues facing dental practices and will ensure that we keep you up-to-date with all the relevant guidelines and identify any tax breaks and opportunities to save tax. We can provide advice on incorporating your practice as well as assisting you to manage the finances of your Practice on an ongoing basis.

GP Practices

We make the whole tax and accounting process easy and efficient for you ensuring that GPs receive meaningful financial information to be able to measure performance. We understand the commercial impact of the current NHS contract and our accounting process is designed to help identify where efficiencies can be improved.

Pharmacies & Opticians

The correct VAT advice is extremely important for pharmacists and we can liaise with you to provide vital planning in this area potentially saving our clients significant sums of tax.

We can also help with the incorporation of such businesses and advise on the purchase or sale of practices.For more details on how Alexander Sloan can help in this area please contact us.