GP Practice Services

Mazars acts for over 350 GP practices and 2600 GPs and consultants throughout the UK. We understand the challenges and issues that arise in professional practice and are ready to support you with specialist financial and business advice.

GP Practices and Partners 

Nothing stays the same for long in healthcare, whether that is NHS contract changes or structural changes at practice level, or annual allowance and tax changes which impact on individual partners.  

That’s why we make it our priority to ensure our team are fully trained in all aspects of healthcare finance changes. 

HOW WE CAN HELP 

We can help ensure that you have effective financial management in place, that you meet reporting deadlines and comply with relevant tax and pension rules.  

We can support you to improve your financial performance and advise on any structural changes to help secure the future of your practice. Through our connections with other medical sector professionals in law, banking, financial services and property, we can provide multi-disciplinary solutions to even the most complex issues. 

Accounting and financial appraisal 

We provide support and advice to Practice Managers on the completion of annual accounts as well as cloud accounting solutions. Using statistical analysis and practical knowledge, we appraise your practice’s performance, benchmark against others, and identify opportunities for improvement. 

Cloud technology solutions 

By adopting cloud technology, you will save time on processing financial information and take a step towards MTD compliance. Xero is our recommended cloud package and we can provide full training, tailor the package to your personal needs and be there to assist with any initial queries. 

Digital service 

By offering a fully digital service to our clients via a secure online portal and use of cloud accounting platforms, our service is more efficient, and meetings can be held either in person or virtually using technology.  

Partnership agreements 

Working with lawyers, we review partnership agreements for compliance, NHS regulations and ensure the best accounting service is in place. We can also advise on planning for change within partnership structures when someone leaves. 

GP Mergers, Federations, Primary Care Networks and Transformational Change 

Given the pressure on General Practices, many GPs are considering becoming part of a larger group – whether that is a partnership, federation, primary care network or other structure.  

Watch our General Practice and Healthcare short videos on Primary Care Networks and GP Accounts here. 

We can assess your options and carry out an independent appraisal to provide you with a more objective basis for decision making. 

Taxation 

Our expert team will ensure you are compliant with tax rules, submitting returns on time and paying tax correctly. We also provide tax forecasts to help you plan cashflow and tax planning advice to minimise your liabilities. 

Pensions 

Our expert team will help you navigate the complex and evolving area of GP pensions. We can advise on: 

• Pension forecasts 
• Tax rules around annual allowances and lifetime liabilities 
• Annual certificate of pensionable income  

Locums and Salaried GPs 

We can advise Locums on pros and cons of all operating structures, either working as a sole trader, via a Limited Company, through an agency or as part of a chambers. We will then help to explain the options and help you to put the appropriate structures in place. As tax law around the use of Personal Service Companies in the Public Sector changes, we will provide ongoing guidance and updates. 

Career Changes 

Before jumping into the unknown and joining an existing Partnership, Locums and salaried GPs should have a clear and independent view of the finances of the prospective practice. We will carry out an appraisal of its performance and outline the questions that you need to ask to make an informed decision. 

Training 

Our team lectures at a number of courses for GP’s in training at the FY or ST level throughout the UK as part of our support package for GP’s in the early stages of their career. We can provide support and training to organisations which require assistance. 

If you would like to find out more about how we can help you, please do not hesitate to fill out the form below and Laura, Andrew or one of our team members will be in touch.

Get in touch

If you would like to speak to a member of our Medical Team about any of the above, please use the following form: