Practice finance

Expert advice on financial matters affecting practices, including advice on financial planning, tax, our guide to practice accounts and funding available to practices.

Essential financial advice

Financial considerations for primary care networks

Financial considerations for primary care networks

Specialist accountant Laurence Slavin highlights the financial issues that practices will need to consider as they set up primary care networks.

Getting your finances fit for 2019: Reviewing your finances

Getting your finances fit for 2019: Reviewing your finances

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.

Getting your finances fit for 2019: Planning for long-term success

Getting your finances fit for 2019: Planning for long-term success

In part two of this series, chartered accountants Laurence Slavin and Katie Collin examine the expected income for a practice, succession planning and planning for long-term success.

Getting your finances fit for 2019: Property matters

Getting your finances fit for 2019: Property matters

In the final part of this three-part review of practice finances, chartered accountants Laurence Slavin and Katie Collin look at issues relating to property.

Creating a survival plan for your practice

Creating a survival plan for your practice

Accountant Jenny Stone explains how practices can put in place a robust financial plan to help them survive in these challenging times.

A practical guide to budgeting

A practical guide to budgeting

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.

Cash flow forecasting: a vital financial tool

Cash flow forecasting: a vital financial tool

In these times of financial uncertainty, the ability to assess the practice's business risks is essential, says Russell Finn.

How to ensure money you are owed comes in

How to ensure money you are owed comes in

Accountant Faye Armstrong provides advice on how to set up a credit control system to help you collect NHS funding and private fees.

Costing up a new service

Costing up a new service

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.

How to protect your practice from fraud

How to protect your practice from fraud

Accountant Laurence Slavin highlights some examples of fraud in general practice and offers advice on how to prevent them occurring in your business.

A guide to tax for practice managers

A guide to tax for practice managers

The taxes practice managers need to understand to help ensure the practice's finances stay on track. By Jenny Stone.

Private work in general practice: What is allowed?

Private work in general practice: What is allowed?

Specialist accountant Laurence Slavin explains the rules surrounding private work undertaken by practices contracted by the NHS.

How to manage your staff budget

How to manage your staff budget

With salaries being the biggest expense in any practice, there is increased pressure to manage staff costs effectively. Fiona Dalziel provides advice on how to do this.

Cloud accounting: How it could benefit your practice

Cloud accounting: How it could benefit your practice

The run-up to a new financial year is a good time for practices to review their accounting processes and consider a cloud-based approach, says Laurence Slavin.