Pharmacy Accountancy


For Detailed Facts

News & Articles


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.

 

 

The Benefits of Having Travel Insurance

Travelling has come to mean more than just taking in the sights and sounds of a new place. Nowadays, it has become an important tool for the successful conduct of business, improving foreign relations, and promoting effective cultural exchange. With so many reasons for travelling, a lot of people tend to overlook the importance of having travel insurance. This is the last thing that comes to mind because of all the focus on packing essentials and preparing the travel itinerary. This article explains the reasons why getting travel insurance should top your next travel check list.

The most obvious advantage of having travel insurance is the coverage it will provide should you be injured or fall sick on your trip. Medical provision could also include transportation to the nearest hospital or medical facility, the payment of hospital bills, and repatriation costs after treatment. Aside from the medical benefits, travel insurance can also cover you for unexpected flight changes due to flight cancellations or emergencies like a death in the family. It can also cover extra costs incurred if you miss your scheduled flight.

Furthermore, this type of insurance will enable you to make a liability claim should you lose any valuables while travelling or get hurt in an accident. It can also cover you for personal liability which is applicable if you accidentally injure or damage the property of others during the course of your trip.

Remember that the cover on different policies varies, so be sure to read the fine print carefully before signing any paperwork. If you are a medical professional like a pharmacist, it would be wise to check with your accounting firm to inquire how this can fit in with your financial plans.