Accounting Services for Medical Professionals
At Kumar Associates, we are trusted chartered accountants with over 30 years’ experience, specialising in supporting medical professionals, healthcare practices, and high net worth individuals across the UK. From GP practice accounts and NHS pension advice to tax planning for dentists, locum doctors, consultants, pharmacies and private clinics, our team understands the unique financial challenges faced in the healthcare sector.
Alongside our medical expertise, we also provide comprehensive accountancy and taxation services for businesses and individuals across all industries. Whether you’re looking for bookkeeping, payroll, VAT advice, or support with restructuring and acquisitions, our services are designed to give you clarity, compliance, and confidence. Explore our most popular services below, or use our Request a Quote page to tell us more about your needs.
Accounting & Book-keeping for Medical Professionals
We provide accurate accounts and bookkeeping for GP practices, dentists, locums, pharmacists, and private clinics, ensuring compliance and clarity. From managing mixed NHS and private income to handling PCN reimbursements and partner drawings, our tailored support helps you stay on top of finances while focusing on patient care.
Taxation Services
We provide specialist tax advice for GPs, consultants, locums, dentists, pharmacists, and private healthcare providers, helping you minimise liabilities while staying fully compliant. From NHS pension tax issues (annual allowance, tapered allowance, Scheme Pays, McCloud remedy) to IR35 for locums and VAT in healthcare, our tailored guidance ensures you understand the tax implications of your work and make confident, tax-efficient decisions.
Expense Optimisation for Medical Professionals
Doctors, dentists, locums and other healthcare specialists often miss out on allowable expenses that could reduce their tax bills. We work with medical professionals to identify and claim everything from travel and indemnity costs to CPD, practice expenses and home office use, ensuring compliance while maximising take-home income.
Practice Structuring & Partnerships
Whether you’re setting up a new practice, joining as a partner, or planning for retirement, how your practice is structured has long-term tax and financial implications. We advise GP practices, dental surgeries, pharmacies and clinics on partnership agreements, goodwill valuations, property ownership, and succession planning, ensuring your structure is robust, compliant and aligned with your goals.
Payroll, Pension and Contractor Management
Our specialist payroll team supports GP practices, dental surgeries, pharmacies, and private clinics with efficient payroll management and pension administration. We handle everything from staff salaries and PAYE compliance to NHS Pension Scheme contributions and auto-enrolment, giving you peace of mind that your team is paid correctly and your obligations are fully met.
Locum & Consultant Tax Planning
Working as a locum or consultant can be financially rewarding but comes with unique tax challenges, from IR35 and off-payroll rules to complex income structures. Our specialist medical accountants help locums and consultants optimise expenses, manage NHS pension contributions, and structure income efficiently, reducing tax bills and ensuring full compliance.
NHS & PCN Cash Flow & Funding Advice
NHS reimbursements and PCN funding rarely align neatly with practice expenses and partner drawings. We provide clear cash flow forecasting and advice on the tax and VAT treatment of PCN income, helping practices smooth out income fluctuations, plan drawings realistically, and avoid hidden liabilities.
Company Secretarial Services
Keeping up with confirmation statements and statutory records can be a low priority, but as a director you are legally responsible for Companies Act compliance. We handle these obligations on your behalf, ensuring your company records are accurate and up to date. For medical practices, private clinics, and healthcare businesses, we also provide specialist advice on structuring and governance, giving you confidence that your organisation remains compliant and well-managed.
Business Start Up
Starting a new business or private practice can feel overwhelming, especially in the healthcare sector. Our team helps GPs, dentists, pharmacists, locums, and other professionals navigate the complexities of setting up correctly — from choosing the right structure (sole trader, partnership, or limited company) to registering for tax, setting up payroll, and planning for NHS pension considerations. We’ll work with you to turn your ideas into a fully compliant, financially sustainable business.
Consultancy & Systems Advice
Our consultancy services are designed to improve the way your business or practice operates. We take time to understand your goals and provide practical advice on credit control, stock management, budgeting, and financial reporting systems. For medical professionals, including GP practices, pharmacies, dental surgeries, and private clinics, we offer specialist guidance on practice profitability, NHS reimbursements, PCN income, and benchmarking performance against national averages.
Investments & Pensions
We work closely with trusted independent financial advisers to provide impartial advice on investments and long-term retirement planning. For medical professionals, this includes specialist guidance on integrating NHS Pension benefits with private savings, tax-efficient investments, and inheritance planning. Whether you’re a GP, consultant, dentist or locum, we’ll help you build a financial strategy that secures your future while minimising tax liabilities.
Management Accounting & Finance Support
Our Chartered Management Accountants provide strategic financial support for organisations with complex operations and multi-million pound turnovers. We deliver tailored management accounts, cash flow forecasting, and performance analysis to help leadership teams make informed decisions. For large GP practices, dental groups, pharmacies, and private healthcare providers, we offer specialist insights into profitability, NHS reimbursements, and cost management - giving you the clarity needed to plan confidently for growth.
Finance Function
Many clients choose to outsource their full finance function to us, giving them access to expert support without the cost of an in-house team. This typically includes raising invoices, setting 1-3 year budgets, managing income and expenses, and providing monthly cash flow forecasting with variance analysis. For busy GP practices, dental surgeries, pharmacies, and private clinics, our outsourced finance service delivers reliable financial control and peace of mind, so you can focus on running your practice.
Virtual Finance Director
Our Virtual Finance Director (FD) service gives you flexible access to senior financial expertise without the cost of a full-time hire. We work collaboratively with your leadership team to provide strategic guidance, financial forecasting, and growth planning. For GP practices, dental groups, pharmacies, and private healthcare providers, a Virtual FD brings specialist insight into practice profitability, NHS reimbursements, and long-term sustainability - helping you achieve your professional and financial goals.
Medical R&D Tax Relief
Our in-house specialists at BC&A Innovation help healthcare businesses, clinics, and medical device developers secure valuable R&D tax relief. With consultants from medical science backgrounds and extensive experience in the sector, we create robust, defensible claims that maximise your entitlement while ensuring full HMRC compliance.
Company Sales and Acquisitions
Buying or selling a business is one of the biggest financial decisions you will make — and it can be a stressful process without the right guidance. For medical professionals and healthcare businesses, we provide specialist advice on selling or acquiring GP practices, dental surgeries, pharmacies, and private clinics, including valuations, partnership buy-ins, goodwill, and succession planning. By working closely with our tax, audit, and legal partners, we ensure your transaction is structured efficiently, compliant with regulations, and delivers maximum value.
M&A Due Diligence Services
We provide thorough financial and tax due diligence to support confident mergers and acquisitions.
For GP practices, dental groups, pharmacies, and private clinics, our specialists review performance, contracts, and structures to uncover risks and ensure your deal is built on solid financial ground.
Restructuring & Insolvency
Financial difficulties can affect any business, from small practices to large organisations. Working with trusted insolvency practitioners, we provide clear, practical advice on business restructuring, debt management, and insolvency options. For medical professionals, our specialist knowledge helps protect core services while finding the best path forward — whether that’s recovery, restructuring, or an orderly exit.
Audits
Our audits go beyond compliance — we deliver practical insights that improve financial systems and build stakeholder confidence. With fixed, transparent pricing and direct access to senior staff, we tailor each audit to your organisation. For GP practices, dental groups, pharmacies, and private healthcare providers, our specialist audit services ensure you meet regulatory requirements while strengthening financial performance.
Book Your Free Medical Financial & Tax Health Check today
Is your GP practice, dental surgery, pharmacy, or private clinic turning over £250,000 or more? At Kumar Associates, specialist medical accountants, we’re offering a complimentary financial and tax health check designed specifically for healthcare professionals.
During your no-obligation consultation, we’ll review your accounts and highlight:
- Potential tax savings for doctors, dentists, locums, and consultants.
- Grants, NHS reimbursements, or funding opportunities that may benefit your practice.
- Strategies to improve practice profitability, manage NHS pension tax charges, and reduce unnecessary expenses.
- Specialist advice on NHS pensions, IR35, VAT in healthcare, and practice structuring.
Think of it as a professional check-up for your finances — just as you look after patients, we look after the financial health of healthcare professionals.
