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Filtered By Category: Healthcare

Jan 17 2020

Understanding ‘NHS Earnings’ for the purposes of the GP234 form

Categories: Healthcare

The 28 February 2020 deadline to fill out the GP234 form is fast approaching! If you are eligible to claim for the rental reimbursements from the NHS, the Practitioner Services must receive the completed form by this deadline date. Part of the form requires the dental professional to assess the NHS earnings as a percentage more

Dec 12 2019

Selling your veterinary practice

Categories: Healthcare

With the valuation of veterinary practices soaring in recent years, selling your practice can be an extremely attractive option to some owners. However, along with the rapidly changing taxation regime, the sale process is far more complex than ever before. It is unlikely that selling your veterinary practice will be a decision that is made more

Nov 14 2019

The ongoing review of auto-enrolment

Categories: Amber AccountingHealthcare

As mentioned in our previous article, auto-enrolment (AE) was introduced to help people save for later life through a pension scheme at work. Although all eligible workers should now be enrolled in their employer’s workplace pension scheme, it is the continued responsibility of employers to constantly monitor the information to avoid any potential fallouts. Here are more

Oct 14 2019

How to prepare your nursery for the increase to funded childcare by 2020

Categories: Healthcare

The implementation of the Scottish Government’s plans to increase funded childcare from 600 to 1140 hours is fast approaching. The aim is to provide all children with the best possible start in life, however, as a direct result of the proposed changes, many private and third sector nurseries are predicting a shortfall in funding which more

Aug 28 2019

Selling your dental practice – the tax implications

Categories: Healthcare

When the time comes to sell your incorporated dental practice, you will have two options – sell the shares in the company, or sell the assets of your company. Selling the shares in your company will mean that you sell the whole of your company, including assets, goodwill, liabilities, future liabilities. This means as a more

Jul 24 2019

Are you claiming tax relief on vital children’s nursery resources?

Categories: Healthcare

Capital allowances can offer much needed tax relief to a tax paying business. By claiming capital allowances on plant and machinery, in most cases, the full cost of an item can be deducted, reducing the final tax bill. This is achieved using the Annual Investment Allowance (AIA), which has a temporary limit of £1m per more

Jun 17 2019

How does the change to GP Pensions affect your retirement plans?

Categories: Healthcare

Earlier this year, The Scottish Public Pensions Agency (SPPA) announced that the current rate of employer pension contributions will increase from 14.9% to 20.9% with effect from 1 April 2019. GP practices in Scotland will receive the 6% refund for employer pension contributions on their monthly statements under ‘Other Payments’. Therefore, there should not be a more