Mar 31 2020 Further support details for NHS Dental Services Categories: COVID-19Healthcare Following the initial announcement on 17th March, Chief Dental Officer, Tom Ferris, announced an amendment to further reassure and protect the NHS dental services. In addition to the protection provided through capitation and continuing care payments, the funding package will now provide 80% of the average income from item of service and patient contribution. GDPA, reimbursement more
Mar 20 2020 The impact of COVID-19 on the healthcare sector Categories: COVID-19Healthcare The ever-evolving situation with the ongoing COVID-19 pandemic is causing significant disruption around the world and although the UK has not been significantly affected, we fully expect this to change. We are aware that the healthcare sector are facing sector specific issues, including: Dentists New measures outlined by the Chief Dental Officer will have a more
Mar 17 2020 The Budget 2020 announces increase to tax relief pension savings Categories: Healthcare Welcomed changes will be made to the pensions tax system, as announced in Chancellor Rishi Sunak’s first Budget, in a bid to help high earners including senior NHS dentists and doctors who have been hit with high tax bills. The thresholds for the controversial tapered annual allowance will rise by £90,000 to ensure dental professionals more
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: EQ 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
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