The Summer 2011 issue of AISMA Doctor Newsline, the publication of the Association of Independent Specialist Medical Accountants, is published today Monday 4th July with an essential mix of advice and commentary on the business of running a busy GP practice.
With practice income under serious threat in the months ahead, this issue opens with some indispensable advice from AISMA members on how practices can reduce expenses and boost earnings.
Practice management guru Kathie Applebee offers her thoughts on how outsourcing can help practices cut back on expenses, while specialist solicitor Andrew Lockhart-Mirams analyses recent legal proceedings that could herald yet more cost-cutting for PMS practices.
Finally, there is a warning for GPs to keep their tax affairs in first class working order as HM Revenue and Customs tightens its grip on the medical profession.
Bob Senior, AISMA Chairman, says: “While GPs are understandably concerned about proposed increases in pension contributions and retirement age, they need to focus now on how higher taxes, due to bite in 2012, will reduce their after tax income. Improving operating efficiency now will go a long way to relieving the pain and GPs need look no further than this issue of AISMA Doctor Newsline for advice on how to do that.”
AISMA Doctor Newsline is available exclusively to clients of AISMA accountants.
Doctors wishing to contact their local AISMA accountant can find details here.