Fact Sheets

A firm specialising in medical accounts will: Prepare accounts in a standard format ensuring that income and expenses are not netted off. If expenses are set against the income source rather than being shown separately, the true expense of running the practice will be understated. If these accounts are then used by the Review Board this will reduce the pay award. Compare...

Investing time in finding the right accountant for your practice should lead to a successful long-term relationship. Shortlist First of all, create a shortlist of at least three firms. Ask colleagues in other practices for recommendations and choose firms for the shortlist that have specialist medical experience. Medical finances are complex and your accountant will need to have knowledge of the...