doctors

At Whittingham Riddell, we believe that professionals need accountants with specialised knowledge of their profession to offer them best advice. We’ve invested in developing a team with specific knowledge of the medical profession.  We offer our services nationwide, but base our fees on local rates.

For doctors in general practice, hospital consultants, locums and non-principal GPs our team’s experience and expertise includes: 

expert industry knowledge:

We offer a team of staff trained and experienced in medical accounts. We know what is happening in your profession and can give appropriate advice on new initiatives and how they affect you financially.

benchmarking:

We undertake benchmarking reviews of your practice’s performance, comparing to national data and our own benchmarking survey.  

national health service:

We have a good working knowledge of National Health Service contracts including assisting with PCT negotiations and are fully conversant with the NHS superannuation scheme.

tax reliefs:

We collate information on expenses for which you can claim tax relief and advising you about this annually when we prepare you accounts.

staff training:

We can train your staff in record keeping, for all accounting and software packages including the  industry specialist software produced by Maclean McNicoll. We can receive your financial data electronically.

outsource book-keeping and payroll:

We can provide book-keeping and payroll services to enable practices to outsource routine accounting functions to industry trained experts.

reviewing finacial records:

We help you to review your records during the accounting year to identify and measure practice performance.

dispensing practices:

We advise dispensing practices on issues affecting them including VAT, cash flow funding and profit performance.

retirement and succession planning:

We look at retirement planning and succession planning in the practice. Through our experience we have dealt with a number of practice changes and can help you to develop a package for new partners and advise on the administration of partnership changes.

practice property issues:

Advice on practice property issues, and new build projects. In particular what happens when someone leaves the practice and sells their share of the property?

investment and insurance:

Our specialist independent financial advisors are availlable to give advise on investments and insurance products relevant to your profession.

In summary, we offer all the standard services you would expect from your accountant, including production of annual accounts and tax returns, together with advice on forthcoming tax, superannuation and VAT liabilities. However, at Whittingham Riddell the service we offer is tailored  specifically to your profession.