Helping identify where you might do better
As one of the first regional accountancy firms to work with medical practices over 15 years ago, we understand the specific needs of the medical profession.
We are members of the Association of Independent Specialist Medical Accountants (AISMA), today a national network of more than 70 accountancy firms who are all specialists in acting for the medical profession. We help you look after your business – as we do for more than 60 practices across the UK - so that you can concentrate on your specialist field.
With the far-reaching proposals of the Coalition Government, today is a time of rapid change in the health service yet doctors need to be able to devote maximum time to patient care. That is where we can help by providing specialist knowledge on budgeting, financial and tax matters.
As soon as we meet you and understand your particular needs, we can offer a portfolio of services to meet your specific needs:
- 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
We also advise on calculation of drawings, effective use of working capital, surgery finance, partnership deed and Inheritance tax and capital gains tax planning.
We can help you identify areas where as a practice you are under-performing, and offer proactive advice on a wide range of accountancy, taxation and financial issues, including the NHS Pension scheme.
Through Lovewell Blake Financial Planning, we provide specialist independent financial advice with regard to the NHS Pension Scheme and associated financial planning issues.
"The partners have been clients of Lovewell Blake for over 15 years and have found the firm's expertise in the medical sector unrivalled and enhanced through their membership of 'aisma'.
Keith Shorten and the team working with him have been friendly, unfailingly courteous and approachable, providing relevant and accurate advice and guidance in an ever changing healthcare arena.
One of the real values has been the one-to-one relationship between our Practice Manager and the Lovewell Blake Account Managers, for those general queries that have ensured that appropriate action is taken when necessary.
The partners would have no hesitation in recommending the services of the medical sector team to other practices and see their accountant as a 'silent partner' in the business."
Managing Partner, Heathgate Medical Practice