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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...

Publishing GP net earnings from 31 March 2016 – what you need to do

As you are probably already aware (and may have already started doing so), following changes that were announced in the 2015/16 GP contract last year, GP practices will now have to publish the average earnings of all full-time, part-time and locum GPs as part of the...

Pharmacy global sum funding 2016/17 set to fall considerably

The government has announced plans to reduce the amount of funding for community pharmacies for 2016/17. In an open letter last month the Department of Health (DH) told the Pharmaceutical Services Negotiating Committee (PSNC) that "the budget for community pharmacies...

Making R&D claims easier for smaller and medium companies

The government views investment in research and development (‘R&D’) as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim R&D tax relief. Claims by SMEs for enhanced tax deductions have more...

GPs face significant increase in CQC fees

GPs could face substantial increases in CQC fees following proposals released by the regulator in November. A rise in fees was inevitable - the last two years have also seen a rise in CQC fees - but CQC’s proposed increases this year represent a much more significant...

New Advanced Assurance scheme for R&D tax relief claims

HMRC have introduced a scheme whereby small companies will be able to seek Advance Assurance on whether the research and development (R&D) they are carrying out qualifies for R&D tax relief. The scheme came into effect from November 2015 and will provide greater...

Care homes and preparing for the National Living Wage

With the introduction for the new National Living Wage set for April 2016 care home owners are understandably tentative about what the future holds. The impact of the National Living Wage on care services cannot be understated…with wages being the largest cost facing...

Is succession planning for GPs a top strategic priority?

Is succession planning for GPs a very real concern in the UK? Over recent years there has been a strong focus in the media and the national press on the recruitment crisis in the GP workforce. The primary focal point of many reports has been on the lack of new GPs...

What the PMS funding changes mean for your practice

The PMS funding changes – part of the national drive for equitable funding – may see a large number of redundancies, reduced service offerings and even practice closures over the next few years. Reviews in one CCG area indicate that as many as half of practices fear...

AIA certainty – good news for care home operators?

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance (AIA) will be set permanently at £200,000 from 1 January 2016. George Osbourne had previously said that this would be included in the Autumn Statement, but this early announcement...

Over £11.4bn in R&D tax relief now claimed

£11.4bn in R&D tax relief now claimed - are you missing out? HMRC has now published its most recent R&D tax relief statistics (2013/14), and the picture remains very positive. The statistics show that companies - both SME and multinational alike - are continuing to...

Could GPs be set for a more than 1% pay rise?

The Treasury has opened the door for GPs to receive a pay rise of above the announced 1% The Chancellor announced in the Summer 2015 Budget that a 1% capped pay rise would be awarded to all public sector workers, including GPs, each year for the four years from...

Technology in care homes – is your website effective?

Are you ready for tomorrow’s service users today? Have you considered the implications of technology in care homes? Whether you run a small home in the local area or have a group of homes with a national focus, it is time to start considering the implications...

National Living Wage – The impact on care homes

The government recently announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The impact of the National Living Wage will vary significantly across different businesses, but will be particularly significant for care...

National Living Wage – The impact on small businesses

The government has announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The NLW is effectively another higher age band of the National Minimum Wage (NMW). Initially the NLW is set at 70p above the current NMW,...

Care sector – what does the next 12 months hold?

The care sector continues to be challenging for operators, with significant regulatory changes coming into effect on 1 April 2015, coupled with increased compliance and funding pressures. Yet, the sector continues to be hot amongst wealthy new entrants looking to...

Will the publication of GP net earnings really improve transparency?

The NHS Employers and the General Practitioners Committee of the BMA have announced changes to the GMS contract in England for 2015/16. In unprecedented plans to increase the transparency of practices, one of the main changes is the publication of GP earnings. The...

GP succession: 10 key action points for new partners

As many GP practices are experiencing partner changes, planning for a smooth succession remains a central issue in the sector. There are a number of considerations that need to be addressed when a new partner joins, including informing the Local Area Team, signing a...

A welcome rise in fees for care providers

Following a recent report by the Sheffield City Council Communities Commissioning Service, ‘Fees and Market Analysis: Care Homes 2015/16′, of which you can find details here, residential care home and nursing home fees in Sheffield are set to rise by more than 2% for...

Care home fees & market analysis 2015/16

A recent report by the Sheffield City Council Communities Commissioning Service, 'Fees and Market Analysis: Care Homes 2015/16', highlights some interesting statistics that all regional care owners need to be aware of. The report sets out key demographics and...

GP contract changes 2015/16

The NHS Employers and the General Practitioners Committee of the BMA have announced changes to the GMS contract in England for 2015/16, but what do the GP contract changes mean for you and your practice? The main changes are the introduction of a named GP for all...

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

Global sum funding for GMS contracts will rise

Global sum funding for GMS contracts will rise by 3% per patient from April The Statement of Financial Entitlements (SFE) for 2015/16, published by NHS Employers, has revealed that the global sum payment will rise to £75.77 from April 2015. The increase to the global...

Big care home compliance changes – are you ready?

As part of the revised compliance standards to be implemented by Care Quality Commission (CQC) it is vital for home operators to be aware of the financial aspects that the changes in legislation mean for them. From 1 April 2015, CQC will be recognised as the financial...

UK Minimum Wage set to rise again

The National Minimum Wage is set to rise by 3 per cent after recommendations from the Low Pay Commission (LPC) were made to the Government. The LPC recommended a further 3 per cent increase in the UK minimum wage adult rate to £6.70 an hour, following the increase...

Preparing for your GP CQC Inspection

New style inspections of GP practices and out-of-hours services at England started in the back end of 2014 and have lead to the first ever ratings of practices, which may be 'Outstanding', 'Good', 'Requires Improvement' or 'Inadequate'. Effective April 2015, GP...

Care home performance benchmarking Autumn 2014

All care home managers and owners ought to know how their business is performing against its competitors. We realise that each home is different but an analysis of margins, costs etc. against the competition can help highlight areas of concern and, of course,...

Confidential information security warning for health sector

Healthcare professionals and managers working in the Sheffield region are being warned of the grave consequences of allowing confidential patient or staff data to go astray. Damaged reputations and fines of up to £500,000 could result from breaches of information...

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