Managing the change in locum superannuation funding
April 2, 2013
Bob Senior explains how to mitigate the costs that will arise from practices’ new responsibility for handling locum pension payments. Read more
AISMA members regularly write in the specialist GP and practice management publications, offering expert advice to doctors on the key issues of the day.
Bob Senior explains how to mitigate the costs that will arise from practices’ new responsibility for handling locum pension payments. Read more
At its best, collaborative working can be a dynamic, efficient and cost effective way of providing a new service, or a way of improving how an existing activity is done.
At its worst collaboration can increase working costs, create VAT liabilities and prevent a new activity from forging ahead.
Faye Armstrong explains how practices can work together successfully practices can work together successfully.
AISMA accountant Sue Beaton looks at what steps GPs can take to maximise profitability
With so many GPs feeling the strain, there has never been a better time to ask whether your practice is operating as best as it can. In theory all GPs have the potential to earn well, but inevitably there are occasions when, for example, personality clashes among partners will sometimes lead to fall-outs that dent financial performance. There will be practices too where there simply isn’t as much profit to be made, perhaps because of local budget constraints, patient demographics or high staff costs due to geographical location. Read more
Accountant Bob Senior examines what the impact of the Government’s funding increase of 1.32% will be on practices.
There’s an element of the Government being disingenuous. The 3.4% increase recommended by the DDRB was for a whole raft of things – like organising the practice for commissioning – but the Government have chosen to interpret that report very selectively. Read more
Accountants are predicting a reduction in GP drawings of up to 4% next year, warning that the Government’s 1.32% practice funding uplift will fail to cover rising practice expenses – and accusing ministers of ignoring key evidence when making the award. Read more
Internal financial controls are systematic measures (such as reviews, checks and balances, methods and procedures) necessary to:
Pauline Hogg explains more about key areas to monitor in a GP practice
It is vital practices pull together and partners delegate effectively. Bob Senior advises on the warning signs of problems in store
Tough times lie ahead and teamwork will be essential if practices are to ride out the storm. Dysfunctional practices, where GPs fail to delegate effectively or where partners fall out, will only make a bad situation worse. Read more
AISMA accountant Liz Densley assesses the true costs of employing a new member of staff
Clients often ask us how much it will cost to take on a member of staff. The simple answer is gross salary plus employer national insurance and pension contributions. However, calculating the real costs, actual and hidden, is a more complex matter. Read more
AISMA accountant Anthony Brand explains what business planning consists of, how to get consensus, running a SWOT analysis and pitfalls in strategic planning. Read more
Should locums be hired as employees or should they be self-employed? Unfortunately there is no black and white answer since each case will depend on its own facts. Luke Bennett considers the tax and superannuation issues. Read more
Practice in danger of losing cash by failing to claim refunds
View Case StudyPoor financial management puts practice on shaky footing
View Case Study