Considering Joining a Medical Practice
Having gone through a period as a registrar and possibly a locum many GPs look towards the opportunity to join an established practice as a full or part-time partner. This is a big step and there are a number of factors to be considered before committing to a practice.
We are accountants with over 30 years experience of dealing with all aspects of the medical profession and are able to guide our clients through the procedures required. We offer a free initial consultation and a fixed fee approach to carrying out any work.
What can we do
- Review the accounts of the practice you are contemplating joining
and discuss these with you - Discuss the financial implications of joining a practice
- Discuss the proposed profit sharing arrangements
- Advise you on the tax consequences and liabilities arising;
explaining the potential tax bills and timing of payments to be made - Explain the system for claiming expenses to be set against tax and
the record keeping needed - Discuss the requirement for a partnership agreement and the sort
of matters which will be included - Give guidance on raising finance which may be needed for buying
into surgery premises or providing partnership capital
We are here to help in a friendly, professional manner, in order to ensure that you pay no more than the correct amount of tax and receive all the help and support you would expect from your accountant.
“you clearly have a good knowledge and considerable experience of dealing with general practitioners”
ANNE SHERRATT, PRACTICE MANAGER, KINGSBRIDGE MEDICAL PRACTICE
“always pleasant & helpful”
ANNE SHERRATT, PRACTICE MANAGER, KINGSBRIDGE MEDICAL PRACTICE
“the partners have an excellent understanding of GP accounting”
CAROL JONES, PRACTICE MANAGER, SUMMERHILL SURGERY
“you clearly have a good knowledge and considerable experience of dealing with general practitioners”
ANNE SHERRATT, PRACTICE MANAGER, KINGSBRIDGE MEDICAL PRACTICE
“always pleasant & helpful”
ANNE SHERRATT, PRACTICE MANAGER, KINGSBRIDGE MEDICAL PRACTICE
“the partners have an excellent understanding of GP accounting”
CAROL JONES, PRACTICE MANAGER, SUMMERHILL SURGERY
“an excellent value for money service and always available when I need them”
MITCH STONE , MD, IDM DESIGN
“they handle all our business needs in a very professional manner”
HEATHER COOK, J A SAMBROOK
“always very pleasant and helpful”
HEATHER COOK, J A SAMBROOK
“I have recommended you on a number of occasions”
PAUL GOODERMAN, GAILEY POTTERY
“We have been using Gilbert & Co for the last 8 years. They have helped us grow our business to a combined turnover of £1.5 million. At every stage of our growth we have been given sound advice and a personal service to match. Knowledge, great service and good value for money are all ways of describing Gilbert & Co, we can’t recommend them highly enough!”
LEE BURKITT, REVOLUTION PROPERTY MANAGEMENT LTD
“telephone messages always get through and if contact is out of the office, they always call back”
PAUL GOODERMAN, GAILEY POTTERY
Hilton Hall, Hilton Lane, Essington, Staffordshire WV11 2BQ
Telephone: 01902 737768 Fax: 01902 737806
Email: enquiries@gilbertco.net
Office 18,
Telford Space Centre,
Halesfield Business Park,
Halesfield 8,
Telford,
Shropshire,
TF7 4QN
Telephone - 01952 601085 Email: enquiries@gilbertco.net