Pulse Dilemma: DES losses row
February 6, 2014
Should you make a partner pay for losses resulting from the poor implementation of a DES they were leading on? The local area team has refused to pay your practice income due from work on a DES. When you discuss what went wrong, it transpires one partner made critical mistakes. Another partner argues they should personally meet the costs lost. AISMA Chairman Bob Senior joins the debate. Read more.
Practice Management: GP pensions
February 3, 2014
Practice managers are meant to be the fount of all knowledge on all topics, and are often asked questions by their GPs about pensions. AISMA committee member Luke Bennett offers a layman’s guide to what you need to know, and equally what you don’t! Read more
Pulse finance diary – February 2014
February 3, 2014
When the new tax year starts on 6 April there will be two significant tax changes affecting pensions – changes that GPs should be taking stock of now, writes AISMA Chairman Bob Senior. To find out more visit the Pulse website.
Practice Management: Planning for 2014
January 21, 2014
Many practice managers will look back on 2013 as one of their most stressful years yet working for the NHS. The chaos arising from NHS reforms resulted in increased workloads across the board, for doctors and their staff alike. By the end of the year many practice teams were exhausted and demoralised. It’s hard to imagine that things will improve in 2014 but one thing is certain: time taken now to plan practice strategy for the year ahead. AISMA accountant Liz Densley offers some tips on getting the practice in shape for the year ahead. Read more
Managing finance when you retire to become a locum
January 13, 2014
Accountant James Gransby has a five-step plan for GPs retiring from a partnership position for a sessional career.
A popular option for GPs approaching retirement has been to relinquish their partnership but continue working as locums. And with concerns over the new contract and the reduction of seniority payments, many GPs over 55 may well be considering this option with renewed interest. So what are the financial considerations GPs need to heed if they plan to work as a locum while drawing their NHS pensions? Read more
Managing finance when leaving a partnership for locum work
January 9, 2014
Pulse Finance Diary – January 2014
January 7, 2014
Plans to phase out pay benefits for experienced GPs could create discord in practices. AISMA Chairman Bob Senior discusses what the loss of seniority pay will mean for GP practices and suggests a strategy to ease the way. Read more
AISMA Chairman comments on pension scheme errors
December 11, 2013
Some GPs are wrongly facing tax demands of up to £17,000 due to miscalculations made by the NHS pensions authorities, medical accountants have warned. Read more
Pulse Finance Diary – December 2013
December 3, 2013
Accountant Bob Senior advises on tax-efficient ways for GP partners to throw seasonal parties or give end-of-year gifts to their practice teams.
It’s been a hard year in general practice and most partners will be thinking of the best way to thank staff for their efforts over the past 12 months. But unless GPs take care, they may find themselves making a seasonal gift to the taxman too. Read more
Practice Management: Tearing your hair out?
November 30, 2013
There seems to be no end in sight to the stressful work environment experienced by so many practice managers. AISMA accountants offer tips on how to manage some frustrating practice finance conundrums. Read more