Healthcare
At Francis Clark we have many years experience in all aspects of healthcare and fully understand the very specific nature of the industry’s requirements.
We have a number of specialists working in the following sectors:
GP Practices
Care Homes
Dental Practices
Pharmacies & Opticians
For more information, please contact our Healthcare Team
GP Practices
At Francis Clark we are nationally recognised tax specialists acting for over 60 GP practices. As specialists for the GP practice sector we can make the whole tax and accounting process easy and efficient for you. We employ specialist medical accountants so you don’t need to explain the terminology.
Our aim is to ensure that GPs receive meaningful financial information to be able to measure performance, including being able to benchmark against up-to-date local data. We are also one of the only accounting firms in the region to be members of AISMA (Association of Independent Specialist Medical Accountants).
Practice advice
- Specialist accounting systems
- Cash flow & drawings projections
- Cost & notional rent schemes
- Tax planning
- Tax effective borrowing
- Performance measurement & benchmarking
- Partnership agreements
- Pensions, investments & retirement advice
Case advice
- Forensic & litigation support
Accountancy and Compliance
- Management accounting
- Outsourced finance function
- Payroll processing
- Annual accounts preparation
- Tax compliance - Direct & Indirect
Care Homes
At Francis Clark our specialist team of care home accountants have a thorough in-depth knowledge of the care home market. Acting for over 40 care homes in the region we offer specialist benchmarking software to help cross-check manager performance.
As nationally recognised tax specialists we focus on helping you to maximise your profits and minimise your tax liabilities. We understand that tax issues for care homes are never straight-forward and we ensure we are up-to-date with all relevant issues including hot topics like tax efficient ownership/operation structures, inheritance tax planning, maximisation of entrepreneurs relief and stamp duty land tax mitigation.
(Also emerging as a hot topic is the treatment of VAT on agency staff. A long-standing concession is to be withdrawn shortly, with adverse cost consequences for care homes - action is needed now to ensure the right agency/principal arrangements are in place).
Practice advice
- Accounting systems
- Cash flow projections
- Drawings projections
- Incorporation
- Tax planning
- Tax effective borrowing
- Benchmarking
- Partnership agreements
- Pensions & investments advice
- Retirement/succession planning
Accountancy and Compliance
- Management accounting
- Outsourced finance function
- Payroll processing
- Annual accounts preparation
- Tax compliance - Direct & Indirect
Dental Practices
We make sure we employ specialist dental accountants with an in depth knowledge of NHS and private practice to ensure we really do understand your business.
Because we act for more than 30 dentists and practices in the region, we understand the issues and terminology of the industry. We can check your practice’s efficiency by benchmarking against local and national trends, keep you up-to-date with all the relevant guidelines and identify tax breaks and opportunities to save tax.
Practice advisory
- Incorporation
- Accounting systems
- Cash flow projections
- Drawings projections
- Advice on consultancy agreements/PAYE status
- Tax planning
- Tax effective borrowing
- Performance measurement
- Benchmarking
- Partnership, shareholder and associate agreements
- Pensions & investments advice
- Retirement planning
- Completion of superannuation annual return forms
Case advice
- Forensic & litigation support
Accountancy and Compliance
- Management accounting
- Outsourced finance function
- Payroll processing
- Annual accounts preparation
- Tax compliance - Direct & Indirect
Pharmacies & Opticians
It is vital to both pharmacists and opticians alike that they are using the most appropriate VAT scheme for their industry. This can be highly involved and complex and our experts can advise the best solution. In some cases we are able to save our clients significant sums of tax.
We can also help with incorporation of a company, structuring the purchase or sale of a business and dealing with self-employed locums as cover.
