AISMA in the news

AISMA members regularly write in the specialist GP and practice management publications, offering expert advice to doctors on the key issues of the day.

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Practice Management: May the best team win!

May 20, 2014

With falling practice income, a principal driver for practices considering a merger is the opportunity to tender for more services. AISMA accountant James Gransby lines up the best tactical moves for practices considering a merger. Download article

Pulse Q&A: Buying into a care home

May 7, 2014

On the face of it care homes represent an area of primary care where there is insufficient funding. Yet some GPs have bought into the care home market by securing private contracts with the owners. Some, more entrepreneurial GPs have bought the actual care home business itself. AISMA accountants Paul Congdon and Nick Holmes offer advice to GPs about investing in a care home. Visit Pulse website

 

Pulse finance diary: May 2014

May 6, 2014

Bringing last year’s accounts up to date is urgent for practices with a 31 March year-end. In an ideal world, financial records would be updated throughout the year, but they often fall to the bottom of the ‘to do’ list and end up being a big job for many practices at this time of year. AISMA Chairman Bob Senior outlines three key mistakes GPs make when filing accounts. Go to the Pulse website to find out more

Practice Management: All sewn up!

April 28, 2014

Everywhere in general practice, the talk seems to be about federations. So, should your practice be involved or not? What are the pros and cons? AISMA accountant Deborah Wood pieces together the essential pattern to forming a federation. Download article

Five steps to take before cutting your hours to avoid pensions tax

April 22, 2014

The new pension lifetime allowance of £1.25m will mean that generally, any GP retiring from the 1995 section of the NHS pension scheme with a pension of over £54,347 will have to pay a lifetime allowance (LTA) tax charge. AISMA accountant Faye Armstrong weighs up the pros and cons for GPs thinking of working fewer hours to reduce the risk of incurring the LTA pension tax charge. Go to the Pulse website to find out more.

 

How your practice can cope with this year’s funding swings

April 11, 2014

With a 40% reduction in QOF points, an 11% rise in the value of the global sum and the MPIG being phased out over the next seven years and distributed among all practices, GPs will find major changes to their cash-flow throughout the year. AISMA accountant Melanie Thomas gives her advice on how seven different types of GP practice can navigate major changes in practice funding this year. Read more on the Pulse website

 

 

Five typical tax enquiries and how to handle them

April 8, 2014

Tax inquiries into GPs remain relatively rare. Most GPs occasionally receive a request from HMRC for information on aspects such as an interest or pension payment and the accountant normally deals with these. GPs who experience these relatively passive inquiries should have little to fear provided they stay on top of their financial affairs. AISMA accountant Anthony Brand has some advice for GPs who run the risk of unintentionally falling prey to a tax inquiry. Read more

Pulse finance diary: April 2014

April 1, 2014

An up-to-date partnership agreement will ensure your practice is well placed to withstand potential upheaval. AISMA chairman Bob Senior has some advice for GPs on how to future-proof the practice against partnership changes. Go to the Pulse web site

 

Practice Management: Cautionary tales

March 17, 2014

Recent cases from AISMA accountants prove that specialist legal and accountancy advice always pays its way. Read more

AISMA accountants comment on pay decision

March 13, 2014

The government’s decision on GP pay received wide-spread coverage in the GP press. Read the reaction from AISMA committee members Luke Bennett and Bob Senior as published on the Pulse website.

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