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Healthcare

A comprehensive service for the medical profession

With many years’ experience dealing in healthcare accounting services, we at Monahans are proud to be able to offer you an accountancy service that is specifically tailored to your needs and strives to translate numbers into meaning.

Our dedicated team of specialist medical accountants work with practices and individual healthcare professionals on a daily basis, and with our knowledge and experience, we are confident we can help practices to thrive and individuals to feel supported and in control of their financial outcomes.

One of our core tenets is empowering the profession to become more business focused to meet the challenges that the continued changes in the NHS financial landscape demands. Our comprehensive healthcare accounting services keep this at the heart of everything we do to support practices and individuals in taking control of their finances and thrive.

  • Annual accounts and detailed report on results
  • Management accounts, budgets and cashflow forecasting
  • Drawings calculations
  • Performance benchmarking
  • VAT
  • Tax returns for partners
  • Payroll services
  • Book-keeping and accounts software
  • Personal expense claims and private fee statements
  • Locum GP accounts and tax returns
  • Consultant and hospital doctor tax returns
  • Pension tax issues (Annual Allowance and Lifetime Allowance)

The enhanced advice we offer covers a variety of additional areas, including:

  • Practice mergers and acquisitions
  • Primary care networks - accounts and practice positions
  • GP premises issues
  • Working with pharmacies
  • Use of limited companies for practices, property and network
  • Retirement and succession planning
  • Making Tax Digital
  • Review of practice accounts for GPs considering partnership
  • Capital Gains Tax
  • Inheritance Tax Planning
  • General financial planning
  • Mortgages
  • Partnership agreements
  • NHS Pension Scheme and Auto-Enrolment Schemes
  • Probate

Read our publication here on a recent case where Medical Services are not VAT exempt when provided via Limited Company

To discuss your specific needs, please contact Jenna Clark on 01823 462408 or James Gare on 01225 785520.

"Having moved to Monahans recently, I am happy let colleagues know that Jenna Clark and her team provide an honest and reliable service which seems to have a good focus on each individual GP’s requirements. They kept up to speed with my priorities and I received sound and calm advice. They are also contacting the Pension Agency on my behalf regarding annual allowances which saves GPs a lot of hassle."
  • Somerset GP

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