Finovra/Industries/Private clinics & GP practices
Who we work withAccounting for private clinics and GP practices.
Partner drawings, associate pay, and the line between exempt medical income and standard-rated work — the thing most practices get wrong and only find out about at inspection.
What we handle
The detail that matters here.
- The exempt/standard-rated line.Medical services supplied for the protection, maintenance or restoration of health are generally exempt. A good deal of what a modern clinic sells sits near that boundary rather than safely inside it, and the consequences of getting it wrong accumulate quarter after quarter.
- Partner drawings and profit shares.Drawings are not salary, and treating them as though they were causes problems at both personal and practice level. We keep the current accounts clean and the allocations defensible.
- Associate arrangements.Whether an associate is genuinely self-employed is a question of substance, not of what the contract is headed. It is worth being confident about before anyone else asks.
- NHS and private income together.Mixed income streams need separating properly for both VAT and management purposes, or you cannot tell which side of the practice is actually earning.
- Superannuation and pensions.Certificates, estimates and the timing of contributions, handled alongside everything else rather than as an afterthought.
Most of what goes wrong in a clinic's accounts is not arithmetic. It is a classification decision made once, years ago, and never revisited.
Free, no obligation
Find out what you're overpaying.
Twenty minutes, a straight answer, and a written fixed quote. Nothing to prepare — just bring your last set of accounts if you have them.
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