hbadmin

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So far hbadmin has created 40 entries.

Selling a house?

We’ve recently come across several situations where a doctor originally bought a home to live in, moved away for work, rented it and subsequently sold it – often at a substantial profit.

Will that profit be taxable?

The rules for reliefs in this situation are very complex (to the extent that we have a 300 page […]

By |October 19th, 2017|Blog|Comments Off on Selling a house?|

Understanding payments on account

With July tax payments falling due now, many people are confused about what they should have paid.

Here is an example of payment dates for the self- employed or those with untaxed or insufficiently taxed income (with a chart version for those who prefer pictures to words).

Tax year 2015-16 (based on the year ended 5th […]

By |August 2nd, 2017|Blog|Comments Off on Understanding payments on account|

Annual allowance charges for GP partners

The tax rules around pension relief get more complicated every year. If you thought that if you paid less than £40k of pension contributions you didn’t need to worry – unfortunately you are wrong!

For tax relief purposes for 16-17, you need to know:

• The level of pension contributions actually paid in the year (not the […]

By |June 27th, 2017|Blog|Comments Off on Annual allowance charges for GP partners|

AISMA Survey

The annual AISMA survey into GP earnings over the last year revealed one or two interesting issues. The earnings of a full-time GP Provider have actually increased whilst the earnings per patient have fallen. This is due to the fact that the list size of a FTE GP Provider has increased from 2,458 to […]

By |May 22nd, 2017|Blog|Comments Off on AISMA Survey|

GP Statistics

Having compiled our annual statistics for practices in the NHS South East region, a number of interesting features emerge which we would like to share with you, and which are as follows:-
1. The patient population in the region has fallen by 5,777 from 4,706,564 to 4,700,787 which is not uniform across the region. For example, […]

By |April 26th, 2017|Blog|Comments Off on GP Statistics|

Reviewing a GP contract

1. Given that a GMS contract is a national contract, once issued it rarely requires review. However, for 2014/15 there are a number of significant contract changes in respect of MPIG, seniority, QOF, and enhanced services which warrant review. Calculate (or ask your accountant to calculate) the impact of the contract changes on your practice […]

By |March 28th, 2017|Blog|Comments Off on Reviewing a GP contract|

Merger Mania

We have noticed a stark increase in merger negotiations amongst GP practices fuelled by the recruitment crisis and ever increasing workloads. Merger objectives will invariably cover the following:-

• To ensure GP cover for patients
• To obtain a better chance of successfully bidding for enhanced services
• To achieve economies of scale in terms of cost savings
• To save administration […]

By |February 22nd, 2017|Blog|Comments Off on Merger Mania|

Beware Lease Liabilities

GP practices often rent premises from a third party landlord which will more than likely contain a dilapidation clause which requires the tenants to leave the premises in the same state as they were when the lease was taken out. This could create a significant liability on the GP practices and have an impact […]

By |January 19th, 2017|Blog|Comments Off on Beware Lease Liabilities|

Pension Planning

In days gone by, pension planning was not necessarily at the forefront of a GP’s concerns. The NHS pension scheme was always excellent value and easy to understand. However in recent times we have been inundated with a raft of changes not only to the scheme itself but also by the taxation treatment of […]

By |December 15th, 2016|Blog|Comments Off on Pension Planning|

The Recruitment Crisis

Early retirement and the inability to attract young GPs into medical practice is now a significant feature of modern day medical practice.

The persistent arguments between the profession and government over methods of working, contracts, workloads and access have only worsened the problem. It seems a long time ago since the virtues of the […]

By |November 8th, 2016|Blog|Comments Off on The Recruitment Crisis|