Doctors – GP’s
Accounting for GP's
Empower your Practice
Relieve the pressure with out virtual Practice Finance Department
Total Accounting working in partnership with Practice Managers for over 15 years.
We will convert your practice data to a cloud-based accounting system, and that’s just the start; we then add cloud-based apps to streamline your data capture and processing. Imagine accessing every receipt online, seeing your bank account in real time, and reviewing your MSSP income anywhere. We bring your data to life, providing you with a visual performance overview enabling the partners to identify issues within the practice before they become an issue.
- Partnership Accounts & Self Assessment
- Management Reporting
- Bank & MSPP processing and reconciliation
- Purchases & expenses processing
- Payroll & Pension Compliance
- SPPA Returns & Compliance
Partnership Accounts
Our average turnaround time for preparing final accounts is thirty working days from the year-end. We meet with you to fully explain your accounts, tax and pension contributions to ensure you are on the right track for the year ahead. Everything is then securely stored on your cloud-based portal for you to access.
SPPA Returns
We to complete your Annual Certificates of Pensionable Profits return for your partners and your staff. More importantly, we predict the partner’s threshold for the year ahead and advise SPPA and keep you ahead of the game.
Payroll
Running a payroll can be time-consuming and complicated. Total Accounting is here to take that responsibility off your hands. Our multi-award-winning cloud-based payroll solution provides your staff with a secure APP to access their payslips, personal details and holidays.
Management Accounts
We bring your practice data to life, providing you with a quarterly detailed performance overview. Finally, get to fully understand your capital accounts and profit share for the period. You also get a five-page report detailing your income and expenditure to help you identify any issues within your practice.
Full Finance Function
We have been providing a Full Finance Function for GP’s since 2008. With this essential task outsourced to experts, it frees up your time to focus on your patients. We collect and process all of your data on a cloud-based accounting system that we provide and securely store all of your data to access from any device at any point.
SPPA Pension Review
There is a high chance you have exceeded your annual pension allowance and have been exposed to tax. The SPPA will not advise you of this and it is your responsibility to check this and advise HMRC. We can check your contributions and provide you with a detailed report to consider your postion.
