Your patients demand the very best in private medical care yet private insurers are squeezing fees. You want to continue to invest in the latest technology while achieving a decent return on your investment. Your doctors, nurses and administrators demand the rewards and recognition that befits their expertise and experience.
We are conscious that juggling the different financial objectives of a medical practice’s stakeholders in this climate is extremely challenging.
Add to the mix, an increasingly vigilant HMRC and it is clear why many private medical practices turn to mgr for support.
mgr has it’s own dedicated health and care team. We have retained some of our private medical clients for over 20 years, who trust us to give them the practical, hands-on guidance that has underpinned their transformation from ambitious start-ups to established industry players.
Our specific areas of technical expertise include:
Outsourced accounting solutions
Accounts and financial statements
Income Tax and Corporation Tax planning (including remuneration planning), SDLT and Capital Gains Tax
Tax efficient business structuring
Taxation of gains
Capital Allowances, particularly differentiating between improvements and expenditure which attracts Capital Allowances and Capital Allowances maximisation
Working closely with lawyers, banks and investors to achieve our clients’ business objectives
HR and staffing issues including the retention and incentives for management and key personnel, the review and/or drafting of employment contract and advising on disciplinary procedures
VAT, particularly standard/ exempt supplies and the capital good scheme