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 | | At Lovewell Blake we understand the needs of partners in general practice. This is a time of rapid change in the health service and it is important for doctors to be able to devote maximum time to patient care. That is where our team can help by providing specialist knowledge on budgeting, financial and tax matters. |  |
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 | As soon as we meet you and understand your particular needs, we can offer you a portfolio of services that is specifically tailored to you and your practice. These services will include where necessary:
Accounts in recommended format Partners being made aware of all tax allowable expenses Advance warning of future tax liabilities Review of efficient use of capital accounts Retirement planning Comparatives of practice income with other practices in the region
Other services We will advise you on: Calculation of drawings Effective use of working capital Surgery finance (cost rent scheme and private finance initiative) Partnership deed Inheritance tax and capital gains tax planning
The benefits of using our specialist service: We are members of the Association of Independent Specialist Medical Accountants (AISMA), a national network of more than 60 accountancy firms who are all specialists in acting for medical practices. We understand the terminology and the Statement of Financial Entitlement. We can help you identify areas where as a practice you are under-performing. We offer proactive advice on a wide range of accountancy, taxation and financial issues, including the NHS Pension scheme. |  |
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