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.

 

 

Need professional indemnity insurance - contact the professionals

Many businesses and self-employed people carry out work for their clients. You may do renovation work for someone or provide advice and information about finance, especially tax matters. Whatever work you do or service you provide clients may find a fault. For instance, a customer may claim that you have given the wrong advice about their private financial situation, which has led them to be in serious debt. If you have carried out work for someone in their home, they may also claim that you have not completed the work to their satisfaction, or indeed the work may have been inadequately completed which led to some sort of accident. There are many different types of scenarios which can lead to a client suing for an act of negligence. To cover these confusing matters it is necessary to take out the correct insurance. Tax issues and accountancy can both be very confusing indeed to deal with.

Many man hours can be taken up by members of staff or even the owner of a business in trying to complete tax and accountancy forms online. A quick solution to this problem is to contact professional accountants, especially if you have a pharmacy. Pharmacy accountants are more than qualified to deal with any queries or questions you may have about tax returns and balancing the books. Whether you own an independent pharmacy or are part of a larger concern, pharmacy accountants can help to alleviate the headaches of tax and accountancy. Likewise, professional indemnity insurance policies more than cover any compensation claims made by a customer against you or your business. Friendly staff are online to take your call regarding what the insurance policy covers and how much it will cost. Their expert advice has been gained through many years of working within the insurance industry. Therefore, the insurance packages on offer are tailor-made to suit your particular requirements.

Similarly, pharmacy accountants also employ professional staff who are more than capable of independently advising anyone about finance as well as accountancy and tax. They can also offer their clients, whether locum pharmacists or community pharmacies, a projection of how they may think their business can be expanded and built upon for the future. Growth management is vital for any business to remain and continue to be, successful. Indeed, many insurance companies have grown in stature over the years by providing expertise and value for money insurance packages for their clients. Reputable online companies can often insure potential risks that other insurance companies may wish to avoid due to unusual circumstances. Whatever your insurance needs, a policy can be prepared to suit your specific area of business. Accountants that specialise in work for pharmacies can also provide unique services which are solely focused on helping with accountancy, tax issues and wealth management. They use the latest technology and up-to-date means of communication to deliver a fast and efficient service to you. Reputable insurance companies including tax and accountancy firms can be found via the internet.