In part one of this series, chartered accountants Laurence Slavin and Katie Collin look at reviewing the practice finances with a view to preparing for Making Tax Digital, being ready for possible mergers and ensuring expenses are well controlled.
GP practices will be able to use just one flu vaccine for all adults in 2019/20 after NHS England released details of the vaccines recommended for use.
Practices should be allowed to hold contracts under a limited liability partnership or mutual model to limit personal financial risk for partners and pension rules must change to stop 'perverse incentives' for GPs to cut working hours, a major review of GP partnerships has concluded.
Practices should ideally check and update their business continuity plan annually. This checklist can help ensure you've covered the key issues.
The NHS long-term plan was published this week, with a promise of increased investment and some significant changes for general practice. Medeconomics highlights the key points.
Effective budgeting can help practices ensure they are a financial success. Laurence Slavin explains how to do this and provides a sample spreadsheet to help with calculations.
In these times of financial uncertainty, the ability to assess the practice's business risks is essential, says Russell Finn.
How practices can work out whether it is worth taking on a new contract, including a downloadable spreadsheet to help with the calculations. By Laurence Slavin.
Specialist accountant Laurence Slavin highlights what practices should consider when setting fees for private work and steps that could help boost income in this area.