Pharmacy Accountancy


News & Articles


The Budget – 2012
George Osborne delivered his third budget on 21st March 2012, many of his proposals will not take effect until 2013/14.
A Free Pension?
In reality, no one is going to get a free pension, but some individuals can get very close to it...
A Festive Tax Break
As Christmas approaches thoughts turns to office parties. So what view does the tax man take when an employer arranges a Christmas party for their staff?
Self Assessment Penalties
The self-assessment system was introduced in 1996 and at present HM Revenue & Customs require about 10 million individuals to file returns each year.
Should I Incorporate?
This is a question we are frequently asked by locums. The answer is “it all depends”.
The 1000% Tax Trap - And How To Avoid It
Imagine getting a pay rise of £1,000 per annum and then finding your tax liability increasing by £1,055, that’s over 100% tax. Now imagine your pay rise is just £100 but your extra tax liability is still £1,055. That’s a tax rate of over 1000%!
Pharmacy Locum Tax Planning
At what point should a sole trader pharmacy locum consider operating via a limited company? The answer to this depends on a number of factors, which are specific to the individual.
2010/2011 Tax Year End Planning
February is a good time for individuals to have a think if there are any simple steps they can take to minimise their tax liabilities.
New Pension Regime - Government Announcement 9th December 2010
We detailed the key points arising from the Government's announcement on 9th December 2010 regarding the future direction of pension provision in the UK.

 

 

Manage your finances and save time with payroll software

If you are self employed or running your own business, you are most likely a busy person who acknowledges the headaches that accounting and tax cause. There is always the option of taking care of it all by yourself, but who knows how many precious hours you could waste sat in a jumble of sums and calculations, hours that would have been better spent focused in your business. An effectual solution is to get the professionals to do it for you, and save your valuable time. Expenses alone can turn some business owners away from this idea, however now great opportunities exist in the form of computerised software. These innovative applications provide the essentials needed to manage accounts and cope with pay legislations. Specifically, payroll software offers cost effective and user-friendly answers to dealing with employee payroll management.

This paperless solution means that everything can be filed away neatly in one manageable computer program, and accessed with just a click of an icon on your screen. Sometimes, a little extra outside help regarding financial management is required. The Pharmaceutical industry is a particularly challenging field to operate in. Specialist companies now exist to take the bother away. Whether you are a self-employed locum pharmacist or run an independent community pharmacy, tailored packages can be designed for your business's specific needs. In addition to completing accounts in remarkably prompt fashion with high quality service levels, pharmaceutical accountants can inform you about important tax changes and give you reliable tax saving information.