If yes, then you have come to the right place...
Please click here to download a copy of our Medical Group leaflet.
If you work in healthcare you may be interested to know that Vantis has a specialist Medical Group.
Our team of medical accountants, tax consultants and financial advisers specialise in working with medical professionals and are always on hand if you are looking for any medical accounting, financial or taxation advice.
If you are based in London our West End office is ideally situated minutes from Harley Street. If you are based outside of London our regional offices have specialists who act for a large number of GMS practitioners.
Vantis’ Medical Group has extensive experience in providing accounting, financial and tax advice to:
- Clinics
- Dentists
- GPs
- Hospital doctors and consultants
- As well as those medical professionals practicing via limited companies and partnerships.
Our medical accountants and advisers have solid knowledge of financial concerns affecting the medical sector and constantly keep up to date with topical issues affecting all areas of the medical profession. You can be confident that we will keep you updated with everything you need to know to capitalise on opportunities and address any problems.
Vantis' Medical Group has a close relationship with the following association:
- Independent Doctors Forum - who support doctors in independent practice to achieve the highest professional standards in caring for patients.
As well as offering accounting, financial and taxation services to members of these associations, we also organise joint events with them.
The role of our Medical Group is best summarised as providing medical professionals with tailored accounting, financial and taxation advice to suit your individual needs. As well as guidance on how to run your medical business profitably and in a tax efficient manner.
Self-employed (or LLP) versus Limited Company
Many of those in the medical profession often ask us if it is more tax efficient to be in business via a Limited Company or be self-employed (or a LLP – Limited Liability Partnership). As with so many questions, the answer is “it all depends”!
People often think that using a Limited Company is preferable from a tax point of view. Please view our self-employed (or LLP) versus Limited company chart, which sets out tax rates for different profit levels. This chart shows this is not the case for higher profits.
Before the advent of LLP’s, many people traded via Limited Companies for the liability protection offered by them. However, even though the introduction of LLP’s offer similar protection, many individuals still prefer to trade as self employed without the label of an LLP for numerous reasons e.g. so as not to have financial details on public record.
However, as mentioned in the first paragraph, the trading vehicle to use is dependent on numerous circumstances and tax payable may be only one of numerous factors to consider.
Non VAT registered bookkeeping spreadsheet
This spreadsheet will allow you to perform basic bookkeeping and should be used if you are self employed and not VAT registered. If you are registered for VAT please use the VAT registered spreadsheet.
Click here to download the Non VAT registered Bookkeeping Spreadsheet.
We have recently distributed a topical newsletter concerning complex rules on VAT and property. Please click here to view the article.
Please read on for more information on the specialist medical sector services we can offer you.