Laurence Slavin, who specialises in the finances of GPs and practices, joins GPonline editor, Emma Bower, to discuss the impact rising inflation and the new GP contract have had on practices’ finances. During their discussion, Laurence sheds light on the impact of rising inflation on practices, the financial ramifications of the GP contract for the …
April 2023 Tax and Finance Update
We know it’s May, but in April we were preoccupied with the GP Declaration of Earnings. More on the GP Pay Declaration, Post Budget Pension Changes, 24hr Pension Changes, Katie Collin made Chair of the Chartered Accountants Healthcare Community, and more… For an example of our New Pensions Information Report click here and contact us at [email protected] to …
Featured In Accounting Web!
We are honored to be featured in Accounting Web. Read the full article here.
GP Pay Transparency Declaration for 2021-22
The recent changes to the NHS Contract requires GPs to declare their earnings for 2021/22 if their income is in excess of £156,000. The declaration must be completed by 30 April 2023. The guidance that has been issued by NHS England is flawed in our opinion. This opinion is shared by the BMA who used …
GP Pay Transparency – Update 20 April 2023
Update on the GP Pay Declaration for those Earning >£156k and our alternative calculation explained. We comment on the latest news on this issue and explain how we can help our clients with an alternative calculation that excludes the flaws and discriminatory terms in the NHS guidance. To see an example of the report click …
GP Pay Transparency Guidance – March 2023
GP Pay Declaration for those Earning >£156k – Wrong Timing, Wrong Policy and Wrong Guidance. We comment on the Policy, provide a critical analysis on the GP’s guidance to declare their earnings, and offer some suggestions to manage the obligation.
Changes in Annual Allowance and Lifetime Allowance
Following the budget March 15, 2023, The Chancellor has made the following changes to the pension charge: · Increase the annual allowance exemption from £40,000 to £60,000; · Increase the minimum annual allowance exemption limit from £4,000 to £10,000; · Increase the income level for the tapered annual allowance to apply from £240,000 to £260,000; · Ensure that nobody will face a lifetime allowance charge from April …
Advisory Fuel Rate (AFR)
HMRC has published the latest advisory fuel rates (AFR) for employee using company car, with a further rise in the electric car rate from 1 March 2023. The rate has decreased by between 1p and 3p for all petrol, diesel and LPG engine sizes compare to December 2022 rates. The rate is applicable only in …
Tax and Finance Update – February 2023
In this broadcast, Laurence Slavin reviews how to check your NI Record now (rules changing on 6 April 2023), tax investigations expanding by HMRC, how we can help you with your NHS pension, getting the most out of Xero with Budgetary Reporting, and more….. For an example of our New Pensions Information Report click here and contact …
We’re 2022 Accounting Excellence Award Winners!
We’re 2022 Accounting Excellence Award Winners! We are proud to be included amongst all the winners of the 2022 Accounting Excellence Awards. This is a chance for us to celebrate how far we’ve come! Celebrating Excellence The annual Accounting Excellence Awards celebrates the success of those making great contributions to the accounting and finance profession. …