Medical Profession

Little & Company are specialist medical accountants and advisors. You can take advantage of our expertise and be provided with a full range of accounting and business advisory services designed specifically for medical practices and practitioners.

You are aware that when it comes to accounting, a medical practice is unlike any other business or profession. Consider the following that need special attention:

• Surgery financing, cost rent, CMR and PFI;
• Pension opportunities;
• Income structure;
• Profit sharing regulations;
• Personal expense claims; and
• Goodwill regulations;

All of these can impact directly on the profitability of a practice and you can be provided with pro-active advise on them by Little & Company.

Even if you are not in practice we can also help Consultants, Registrars and other employed members of the medical profession (more information).

Improving financial performance and profitability

At Little & Company we recognise the value and contribution provided by practice managers. We work closely with them to build a more efficient and profitable practice, whilst easing the pressure upon the principals.

As members of the Association of Independent Specialist Medical Accountants, AISMA, we have access to powerful nationwide statistical information. This enables us to benchmark your practice and provide you with focused advice on improving financial performance.

Through our experience in medical accounting we can identify tax saving and planning opportunities so that you can build a stronger, healthier practice. And because we appreciate the time pressures involved in running a practice our advice will be concise, pertinent and effective.

At your convenience

We will work around your schedule and make ourselves available for appointments when it is convenient to you, responding promptly and personally to any query you may have.

Cost effectiveness

Because we are an independent, specialist firm, our services are competitive and we will be pleased to agree fees in advance.

Our Services

• Practice Financing
  • Practice and surgery financial structure.
• Taxation
  • Tax planning to minimise liabilities, partnership and personal returns
• Partnership Agreements
  • Advice on partnership agreements.
• Profit Sharing
  • Optimising profit allocation.
• Management Accounts
  • Preparation and interpretation.
• Accountancy
  • Fast and efficient accounts preparation.
• IT and computerisation
  • Making technology work for you.
• Practice Management
  • Practice development opportunities advice, planning and budgeting.
• VAT Planning
  • for dispensing and surgery
  • owning practices
• Retirement Planning
• Tax efficient pension planning

Our services are not just for Doctors in practice

If you are a Consultant, Registrar or other employed members of the medical profession you can also benefit from our specialist personal tax service.

We can:

• prepare your annual tax returns;
• advise on claims and planning opportunities; and
• provide independent financial advice.

Specialist advice need not be expensive. At Little & Company our systems enable us to deal with your affairs efficiently and cost effectively. We are pleased to agree fees in advance, so there are no hidden shocks.

For further information or a free initial consultation please contact our specialist medical accounting partner: Simon Dudfield