• Healthcare

    EQ Healthcare offers specific accountancy, taxation and business advisory services to each of the healthcare professions.

Healthcare Specialists

EQ Healthcare covers a wide range of sectors, each with their own team of experienced, knowledgeable experts specific to that profession. In particular, we focus on the following areas:

  • Dentists
  • Doctors
  • Veterinary surgeons
  • Care home operators
  • Nursery operators
  • Pharmacies
  • Optometrists
  • Physiotherapists
  • Chiropractors

There are many issues facing each of the professions, both through their business operations and ongoing changes in taxation legislation.  It is important to the EQ Healthcare teams that they can deliver specific advice and work with their clients to help them achieve their dreams.

Your Practice. Energised.

We enjoy working with clients who view us as part of the team, assisting their practices to grow and develop, to realise their personal ambitions and to make a real difference.

EQ Healthcare act for numerous healthcare practices of all shapes and sizes, from the far North of Scotland, through the heart of the country down to the Borders. We aim to tailor our approach to the individual client as we understand that no two businesses are the same. We are small enough to provide you with the personal service that most businesses seek, yet have the breadth of people to provide genuinely specialist support.

Our specialist teams have years of experience in your business sector and are trained to deliver their specialist services in a friendly, professional manner. In addition to our own technical skills, we also have contacts within the healthcare industry, such as growing relationships with dentistry schools, as well as excellent contacts with other professionals like banks, solicitors and surveyors.

In addition, we regularly contribute to trade publications, speak at relevant events and exhibit at trade shows in each of our healthcare sectors.

Take a look at some of the specialist and valued services we can offer our clients.

Corporate Finance

We have helped a number of clients achieve their ultimate goals, whether it is at the start of their career or the end. In recent years we have assisted many healthcare professionals with acquiring or disposing of a practice, advising clients on all financial and operational matters, from the start of their journey all the way through to the end.

Acquisitions

Newly qualified, ambitious healthcare professionals will dream of owning their own business; whether that is on their own or with other business partners, EQ Healthcare can assist along the way.  The teams will not only advise on the accounting and taxation issues, they will also advise on the operational issues and assist accordingly.  This may include:

  • Business structure
  • Funding
  • Staffing
  • Management systems and training
  • Liaising with regulatory bodies
  • Remuneration planning

Disposals

There appears to be lots of activity in the corporate finance world for selling healthcare businesses, which can be extremely attractive for the outgoing professionals.  However, teamed up with the ever changing taxation regime, the process and understanding is far more complex than ever before.

EQ Healthcare teams will work closely with the professionals to ensure the optimum outcome is achieved.  Other than the compliance work, other services may include:

  • Business valuation
  • Input and comment on legal agreements between parties
  • Referral for wealth management – retirement/investments
  • Taxation planning, including income tax, capital gains tax and inheritance tax

EQ Healthcare have strong relationships with other professional advisors and work well with them to ensure any corporate finance deal runs smoothly. You can find more information on Corporate Finance here.

Management Information Systems

It is important for all business, Healthcare included, to monitor their financial performance, not only for cashflow purposes, but also for growth and future planning.

We seek to offer a comprehensive service from as basic as bookkeeping and payroll, all the way up to high level tax planning, succession and business acquisition and disposal. We are mindful of the fact that you have many other tasks in your day to day business life and our objective is to free up your time and to allow you to enjoy running a successful business.

The EQ Healthcare team ensure they are kept up to date with the changes and improvements in technology. We are accredited with Cloud providers, allowing us to give you the best advice on which systems to use – as well as those you don’t need!

The convenience of Cloud systems means access to this information is available at the click of a button, making it easier for you, your business and us to work alongside you without any hassle. Cloud accounting can provide vast opportunities for the accounting and management function of a business. We can assist and guide you through each area, including:

  • Installing a management system
  • Staff training
  • Preparing detailed budgets for funding requirements
  • Comparing actual results to budgeted
  • Benchmarking

We aim to provide as much or as little assistance as you require, tailoring each package to the individual business.

 

Our specialist EQ Taxation and Amber Accounting departments add to the value we can offer your business. Along with our dedicated Healthcare team, our Taxation and Amber services give you further support, if and when they are needed.

Amber Accounting

Amber provides bookkeeping, payroll, auto enrolment and management accounting support to all sorts of businesses. They help you free up your time to run your business, safe in the knowledge that your financial records are being looked after well.

Our Amber team are happy to discuss your business requirements and tailor the best package for you. More information on our Amber services can be found here.

EQ Taxation

Taxation is one of your biggest costs on an annual basis and a regular tune up with our specialist taxation team will allow you to ensure that you maximise your tax efficiency. We provide relevant, up to date and practical advice to you and your business.

Read more about our tax services here or contact the team today.

On top of this, of course, we also deliver basic accounting and taxation compliance services from year end financial statements to tax returns, business and personal. In delivering these services, we ensure completeness, accuracy and timeliness of service.

For more information or to arrange a no obligation meeting to discuss your requirements, contact one of our Healthcare specialists today using the details below.

  • “Our relationship with EQ began a week after we discovered a former practice was up for sale. We now consider EQ a key part of the Vita team. Putting the compliance matters aside, including invaluable help with the business plan and projected accounts, EQ go way beyond the call of duty and are always at the end of the phone for advice and guidance.
    I always knew what I wanted to achieve but didn’t know how to achieve it. EQ have been instrumental both then and now in making our dreams and aspirations a reality. Duncan and I intend to expand our business portfolio, possibly beyond dental circles. EQ have given us the confidence to move forwards, and plan for that.”

    Patricia & Duncan
    Managing Directors, Vita Dental Spa

  • “Following our move to EQ/Amber, we have been delighted by the advice and support provided. All our issues can be addressed by the one team, from a PAYE coding notice query to a business acquisition.”

    Nick & Tony Price
    My Care (Grampian) & My Care (Tayside)

  • Earlier this year our practice underwent a restructure process together with an acquisition. During this time, their in-depth knowledge of the needs of our veterinary practice were invaluable. We value our relationship with EQ, having worked with them now for a number of years.

    Dorothy Chapman
    Buchan Vets

  • We have been with EQ for the past few years, and they have been instrumental in our recent practice purchase. They were able to use their professional contacts and networks to advise us on banking, legal representation as well as providing us with sound business and accounting advice. Everyone at EQ is always at hand to offer advice and help us move our business forward, we look forward to many more years working together.

    Ellie Ferguson & Jane Clyne
    Directors, Broughty Ferry Dental Care

Healthcare News

View all latest news
Aug 30 2017

Know your employment status

It has become the industry norm that dental professionals, whether it be a dental associate, hygienist or therapist are treated as self employed for tax purposes, and rarely employed. You may ask yourself why this is the case and whether, with the recent legal rulings, this employment status will continue to be accepted by HM Revenue & Customs. You may be aware of the Uber ruling which decided... more

Jul 12 2017

Tax tips for dental professionals

Research & Development Tax credits Perhaps the dental profession is not the first sector you’d think of when considering whether to claim for Research & Development (R&D) Tax Credits. However, if you are involved with dental innovation or seeking an advance in dental technology you ought to seriously consider whether your business is entitled to this attractive tax relief. R&D t... more