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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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.

Pulse finance diary: March 2014

March 1, 2014

As the 2013/14 QOF year draws to a close, GPs are doing all they can to maximise their achievement, writes Bob Senior. Read Work hard and smart in the great QOF chase on the Pulse website

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.

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