Nov 9 2023 How we support our clients, Morgan Patterson Group Categories: EQ NewsHealthcarePeople Buying their own dental practice is the ultimate career goal for many dental professionals, with some aspiring to run multiple practices. Whether it’s setting up squat practices, buying into an existing practice or acquiring practices outright, it’s important to have an accountant who can help to navigate the complexities and ensure you are making the more
Jun 28 2023 Time to outsource your dental practice’s bookkeeping? Categories: BookkeepingHealthcare Are you spending your evenings and weekends struggling with your accounting records? Is maintaining your books part of your practice managers never-ending to do list? If so, it may be time to outsource your bookkeeping. Whether you, or a member of your team, are maintaining your books, your time could be better served focusing on more
May 16 2023 Making your children’s nursery more attractive to your staff Categories: HealthcarePayroll With children’s nursery providers struggling with rising costs, the added pressures on recruiting and retaining costs can be overwhelming. While the Scottish Government aims to review the impact of the disparity of ELC funding on the workforce, there are things providers can do internally to improve their cashflow. Actively holding on to your key staff more
Mar 22 2023 Associate dentists – are you self-employed or employed? Categories: Healthcare Previous HMRC guidance which automatically treated associate dentists as self-employed will be removed from 6 April 2023. After this date, associates will be assessed using the ordinary tests of employment to determine employment status. If you are classed as an employee by HMRC, you and your employer will be required to pay PAYE and Class more
Feb 16 2023 New year clear out – what you shouldn’t get rid of Categories: Healthcare The start of a new year is often a great opportunity to clear your home and office of things you may no longer need. However, when running your own business, there are items you shouldn’t dispose of. If you are an associate dentist who prepares a tax return each year, your records should be kept more
Feb 3 2023 New Pension Recycling Scheme available for eligible NHS staff Categories: Healthcare In October 2022, the Cabinet Secretary for Health and Social Care wrote to NHS Boards offering them local flexibilities within NHS Pension arrangements, including the option of ‘pension recycling’ to assist with maintaining service delivery. Pension recycling is where employees have opted out of the NHS Pension Scheme for tax reasons and are paid any more
Oct 20 2022 The benefits of Xero for GPs Categories: Cloud AccountingHealthcare In the last year, we have supported a number of our GP clients that have made the move from IRIS to Xero. Xero is an online accounting software that connects your practice to your bank, accountant, bookkeeper and other business apps. The various features within Xero offer a number of benefits to GP practices, allowing more
Sep 30 2022 The future of vet practice sales Categories: Healthcare In 2022, the Competition and Markets Authority (CMA) blocked the sales of UK veterinary practices to larger corporates as these businesses would control a significant proportion of the veterinary services in particular geographical area, raising competition concerns. As stated by the CMA, this “would result in too many vets’ practices in the same area being more
