Specialist accountant Laurence Slavin highlights the financial issues that practices will need to consider as they set up primary care networks.
https://www.medeconomics.co.uk/article/1582314/financial-considerations-primary-care-networks
The government has confirmed that employer contributions to the NHS pension scheme in England and Wales will rise to 20.68% from April this year.
In the final part of this three-part review of practice finances, chartered accountants Laurence Slavin and Katie Collin look at issues relating to property.
https://www.medeconomics.co.uk/article/1523426/getting-finances-fit-2019-property-matters
In part two of this series, chartered accountants Laurence Slavin and Katie Collin examine the expected income for a practice, succession planning and planning for long-term success.
https://www.medeconomics.co.uk/article/1523425/getting-finances-fit-2019-planning-long-term-success
In part one of this series, chartered accountants Laurence Slavin and Katie Collin look at reviewing the practice finances with a view to preparing for Making Tax Digital, being ready for possibl...
https://www.medeconomics.co.uk/article/1523424/getting-finances-fit-2019-reviewing-finances
Almost a third of GP practices have seen their income from private and professional fees fall in the past 12 months, according to a poll by Medeconomics.
The state-backed indemnity scheme for GPs began on 1 April. Medeconomics explains what it covers and highlights issues practices should be aware of.
https://www.medeconomics.co.uk/article/1497231/practices-need-know-state-backed-indemnity
NHS England has suggested that 2019/20 could see the biggest change to the GP contract since 2004. Medeconomics looks at what this might mean.
https://www.medeconomics.co.uk/article/1491252/changes-ahead-gp-contract
GP partners and practice staff in England are to receive a 2% pay rise in 2018/19 backdated to April, the Department of Health and Social Care has announced.
https://www.medeconomics.co.uk/article/1488832/gps-practice-staff-receive-2-pay-rise-2018-19
It is essential for practices to compare accounts and discuss financial issues early on in the merger process, explains Jenny Stone.
https://www.medeconomics.co.uk/article/1345773/guide-practice-mergers-financial-aspects-merger
Details of the latest updates to the Medeconomics GP Fees Database.
https://www.medeconomics.co.uk/article/1342082/updates-private-fees
The Medeconomics Database of GP Fees is gathered from official sources, plus our own research among UK GP practices.
https://www.medeconomics.co.uk/article/1303664/holiday-travel-insurance-cancellation-claim
Our guide to the annual accounts will help partners and practice managers better understand the practice's finances and how to use this information as a business tool.
https://www.medeconomics.co.uk/article/1142321/guide-practice-accounts
Receiving the annual accounts from the practice accountants is a useful prompt to take stock of the practice's financial performance. By Luke Bennett.
Practice profits are normally divided into two categories - a top slice from income earned by individual partners and the remainder, the pool of profit in which all partners share. By Liz Densley...
https://www.medeconomics.co.uk/article/1142175/guide-practice-accounts-profit-allocated-partners
The various practice income and expenses categories should be itemised in the annual accounts so that you can track profits and investigate why they are rising or falling. By Simon Gray.
https://www.medeconomics.co.uk/article/1142163/guide-practice-accounts-analysis-income-expenditure
GP partners need to keep money in their practice to fund its day-to-day activities. This working capital is shown as 'net current assets' in the accounts. By Barry Rigby.
https://www.medeconomics.co.uk/article/1142159/guide-practice-accounts-partners-working-capital
This is one of the most important statements in the practice accounts, showing how the practice is being funded and how it is using its funds. By Seamus Dawson.
https://www.medeconomics.co.uk/article/1142155/guide-practice-accounts-balance-sheet
This shows the practice's profit for the year and should be set out in a standard format to provide an easy-to-read summary of practice income and expenditure. By Sue Beaton.
https://www.medeconomics.co.uk/article/1142153/guide-practice-accounts-income-expenditure-account
Chris Howe explains what your annual accounts should contain to reflect financial performance and be a useful business tool.
https://www.medeconomics.co.uk/article/1142150/guide-practice-accounts-included-set-accounts