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: 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

GP partnerships are no strangers to change, with partners often coming, going or altering their working patterns. But the challenges facing the profession today have resulted in more GPs than ever considering their work-life balance as stress levels rise and burnout threatens. Read more from James Gransby of AISMA accountant MHA MacIntyre Hudson (Maidstone)

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

Pulse Dilemma: Practice manager needs support

November 18, 2013

Staff costs are increasing due to rising pay and extra workload. Despite falling profits, the practice manager wants to employ an additional secretary to release the present secretary, who may leave if they do not have the chance to expand their role into that of a deputy practice manager.

How do you handle the various concerns? AISMA member Seamus Dawson joins the debate. Read more

AISMA accountants comment on new GP contract

November 15, 2013

GPs are unlikely to see an increase in income as a result of the changes laid out in the 2014 GP contract deal, accountants have claimed.

Medical accountants told Pulse the agreement would be likely to alleviate many of the burdens on GPs, and had been universally welcomed by their GP clients, but warned that an increase in pay would not necessarily follow given there is no new funding. Read more

AISMA chairman, Bob Senior, comments on reduced seniority

November 15, 2013

Seniority payments will be reduced by 15% a year until they are completely abolished in 2020, under the new GP contract deal for 2014/15.

The payments – worth an extra £8,000 per year for senior GPs – will be continued for those getting them on 31 March 2014, and will then not be given to any new entrants to the scheme from that date. Read more

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  • Liz Densley
  • AISMA Secretary
  • Honey Barrett Ltd
  • 48 St Leonards Road
  • BEXHILL ON SEA
  • TN40 1JB
  • T:01424730345
  • F: 01424730330