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Your trusted healthcare accountant specialists

What businesses need to know about the new GDPR

The General Data Protection Regulation (GDPR) is set to come into force from May 2018. It will replace the current Data Protection Act and is the biggest overhaul of data protection legislation for over 25 years. GDPR will change the way organisations...

Input Tax – Beware of the pitfalls!

VAT expert Tony Nickson outlines the pitfalls to avoid when reclaiming input VAT. 1. Reclaims for purchases made before VAT registration It is important to ensure that the maximum amount of input VAT is reclaimed on your business expenditure. This includes...

The Election result: What are the tax implications?

The general election has ended in a hung parliament – the Conservative party have the most seats but do not have an overall majority. Theresa May has announced that she will form a government with the support of the Democratic Unionist Party (DUP). What does this...

Over the last two years GP contact with patients increased by 7.5%

Over the two years from 2014/15 to 2015/16 the amount of face-to-face and telephone contact between GPs and their patients rose 7.5%, according to a leading think tank. According to data from the Kings Fund, contacts between GPs and their patients rose faster than...

Brexit: Returning pensioners could cost NHS £500m

According to a health think tank, Brexit could cost the NHS a whopping £500m a year as British pensioners could return to the country if their right to free healthcare across Europe is withdrawn. In a report outlining the impact that leaving the EU could have on the...

Study finds two in five GPs set to quit in next five years

40% of GPs in South West England have stated they would quit in the next five years, GP leaders have warned. It has also been found that 70% of GPs in the region intend to reduce their patient contact time. In the findings, it was found that low morale was a common...

Premises funding cuts could be on horizon for small practices

Premises reimbursement for practices could be cut if they do not fit with future NHS strategy to "force the pace" of moves to larger care units, say NHS commissioners. It comes after a review that has warned 30% of practices are not large enough. These proposals came...

Care home 2017 Budget review and analysis

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed...

Sheffield care home fee review and market analysis 2017/18

Following the introduction of the new National Living Wage on 1st April, this years care home fee review brings mixed feelings for the sector. While the increase is welcome, it is felt that it is not enough. Sheffield City Council have recommended that fees in 2017/18...

Small business 2017 Budget review and analysis for SMEs

The Chancellor Philip Hammond presented the last Spring Budget on Wednesday 8 March 2017. In his speech the Chancellor was keen to point out that he wanted the tax system to be fair, particularly in relation to the distinction between employed and self-employed...

Further guidance issued on the Quality Payments Scheme

NHS England has published further guidance on the Quality Payment (QP) Scheme for community pharmacists which is intended to ease the pressure faced by GP practices whilst also improving the care of patients. A brief background As part of changes to the Community...

GP contract changes 2017/18

The Department of Health (DH) and the British Medical Association (BMH) have agreed a £238m overhaul for the 2017/18 GP contract. This will see funding cover rising expenses and CQC fees as well as the unplanned admissions Direct Enhanced Services (DES) being...

Care Home Autumn Statement review 2016

Philip Hammond delivered his Autumn Statement on Wednesday 23rd November 2016. His speech set out both tax and economic measures the government will implement. In this article, we summarise the key points arising from the Autumn Statement and focus on what the changes...

The Autumn Statement 2016 predictions

The Autumn Statement 2016 on Wednesday is set to be an important event.  It will be the Chancellor’s first opportunity to outline his plans for taxes & spending in the wake of the Brexit vote. But what tax changes can we expect in the upcoming Autumn Statement?  Craig...

CQC announce considerable increase in fees for GP practices

Following on from our last article, 'GPs face significant increase in CQC fees', the CQC (Care Quality Commission) have recently announced the proposed increases for 2017/18, and GP leaders have labelled it as "scandalous". The proposed increases to the fees continue...

Five-point plan to retain GP workforce

RCGP chairwoman Dr Maureen Baker has outlined a five-point plan in order to retain the existing GP workforce, in a letter to health secretary Jeremy Hunt. The government wants to increase the GP workforce by 5,000 by the year 2020 solely through recruitment...

GMS and PMS contract funding gap falls by nearly 40%

Following on from our article on 'What the PMS funding changes mean for your practice', official NHS data has revealed that the funding gap between GMS and PMS practices has fallen by nearly 40% in 2015/16 as PMS reviews cut funding from locally negotiated contracts....

5.2% reported increase in care home fees

Care home fees have seen a substantial increase, rising by over £1,500 over the past year, according to national provider Prestige Nursing Care. This years growth rate is the largest since the company began collecting data four years ago, and the annual growth rate...

What next for the GP partnership model?

What next for the GP partnership model? The profession has changed significantly in the last 5 years, from where giving up a partnership in favour of a salaried position would have been unthinkable, to those resigning from partnerships to take up salaried roles....

GP contract changes 2016/17

The NHS Employers and the General Practitioners Committee (GPC) of the BMA have announced changes to the GMS contract in England for 2016/17, but what do the GP contract changes mean for you and your practice? The general focus of the contract is to help alleviate...

R&D Tax Relief – the perfect time to claim

Research and Development (R&D) Tax Relief can provide additional tax deductions and enhanced cash flow for companies that develop new products, processes or services. Although widely available, R&D claims are often overlooked, and many companies that would be eligible...

Brexit: tax implications as the UK votes to leave the EU

From the argument over selling bendy bananas to the threat of an emergency Budget, the EU referendum campaign has undoubtedly had its share of the headlines over the past couple of months. The biggest headline now though is of course that the UK has voted to leave the...

£17m funding available for training in the Sheffield City Region

Do you know about the new Skills Bank for the Sheffield City Region? The Skills Bank is a government/LEP initiative aimed at workforce training and development in the Sheffield City Region. It is a £17m fund - new for 2016 - comprising of funding from the European...

General Practice Forward View – an accountant’s perspective

The much anticipated "rescue package" for general practice has now been published and sets out plans to tackle historic underfunding, the recruitment crisis, red tape and unnecessary GP workloads, in a new document entitled the General Practice Forward View. General...

Expenses exemption to replace dispensations from 6 April 2016

Are you aware of the changes to dispensations? In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation...

Sheffield care home fee review and market analysis 2016/17

With the introduction of the new National Living Wage just around the corner this year's Sheffield care home fee review brings welcome news and some much needed support for care homes in the city. Sheffield City Council have recommended that fees in 2016/17 will rise...

Small business 2016 Budget review and analysis for SMEs

Welcome to our small business 2016 Budget review On 16 March, the Chancellor delivered his first Budget of 2016. In the lead up to the 2016 Budget there were a number of potential measures which many small business owners may have been hoping for, including an...

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