Healthcare
Supporting healthcare providers and medical professionals
Healthcare businesses and medical professionals have financial, tax and regulatory responsibilities that are often specific to the sector. We work with GP practices, Primary Care Networks, consultants, locum GPs, care providers, pharmacies and other healthcare organisations, providing accountancy, tax and business advice across every stage of their careers and businesses.
Who we work with
Our healthcare experience includes:
- GP practices
- Primary Care Networks (PCNs)
- Consultant and hospital doctors
- Locum GPs
- Dental practices
- Pharmacies
- Residential and nursing care homes
- Children’s nurseries
How we can help
Accounting & Financial Management
- Annual accounts, management accounts, budgets and cash flow forecasting
- Performance benchmarking and drawings calculations
- Bookkeeping, payroll and cloud accounting software
Tax
- Tax returns for GP partners, consultants and locum GPs
- VAT advice and compliance
- Making Tax Digital
- Pension tax advice, including Annual Allowance and Lifetime Allowance
- Capital Gains Tax and Inheritance Tax planning
Practice & Business Advisory
- Practice mergers and acquisitions
- Business valuations
- Primary Care Network (PCN) and practice financial advice
- GP premises and business structures
- Partnership agreements
- Retirement and succession planning
Personal Financial Planning
- Financial planning and mortgages
- NHS Pension Scheme and Auto-Enrolment
- Personal expense claims and private fee statements
- Probate
Frequently Asked Questions
Can Monahans help me expand my healthcare business?
Yes. Whether you’re opening another practice, acquiring a business or reviewing your structure, we can advise on valuations, tax, funding and the financial implications of growth.
I'm considering becoming a GP partner. Can you help?
Yes. We can review practice accounts, explain drawings, partnership arrangements and pension implications, helping you understand the financial responsibilities before you make a decision.
Do you advise consultants and hospital doctors?
Yes. We advise consultants and hospital doctors on tax returns, pension tax issues, private practice income and wider financial planning.
How can you help with staffing?
Alongside payroll services, our HR team can advise on recruitment, employee relations, workforce planning and employment matters for healthcare organisations.
