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.

 

 

Pharmacy accountants and life insurance - working on your behalf

If a product or service can be relied upon to step up to the mark it can be deemed to be invaluable and this is certainly the case where pharmacy accountants and blue chip forms of cover are concerned. If you're a locum pharmacist or a community pharmacy, dedicated accountancy services are worth their weight in gold and it's fair to say that the services they provide help to keep things on an even keel. And for those who want to keep things on an even keel in their personal lives, taking out adequate personal cover is indeed an essential requirement. Choose not to invest in an all encompassing policy and it's safe to say that you are leaving the whole family exposed financially and this is, of course, a scenario which no one wants to contemplate. It's all about planning for future events and this is also an area that pharmacy accountants are particularly adept in. For those who think that accountants only provide bookkeeping services, they've obviously never been into a modern accountancy practice. Modern day pharmacy accountants do of course offer gilt edged bookkeeping services, but this is only the start of their story. From annual compliance services to investment planning, pharmacy accountants of distinction leave no stone unturned in their quest to offer the complete package.

And when it comes to the likes of funeral plans and accidental death policies, quality providers take a similar approach to their business. For those people who are in the market for life insurance, it's essential that you purchase your chosen product via institutions who have a long history of facilitating the needs of the customer, in this way you can reasonably expect the policy you've invested in to step up to the mark in all areas. Where personal cover is concerned, the last thing you should be contemplating is cutting corners, because in no uncertain terms, cutting corners could have a major impact on beloved family members in the future. In the great scheme of things, all encompassing cover is actually very affordable and in this respect it shares something in common with the services provided by leading edge pharmacy accountants. For an extraordinarily reasonable fee, dedicated accountants can ensure that community pharmacies and locum pharmacists stay on the right track, leaving them to concentrate on the essential services that they provide to the general public.

From payroll management, to investments and pensions, accountants of distinction are as invaluable as those policies which are designed to secure a sound financial future for family members. To say that having adequate cover in place is a sensible idea is in fact something of an understatement, because in actual fact, in this day and age having adequate cover in place is an absolutely essential requirement! If really is hard to put a value on policies which takes care of the family from a financial perspective, but as most tend to agree, they are absolutely priceless where peace of mind is concerned.