Practice Accounts & Benchmarking
Running a medical practice comes with unique financial pressures — from balancing NHS reimbursements and PCN income to managing partner drawings, staff costs, and growing private income streams. At Kumar Associates, we provide specialist accounting and benchmarking services for GP practices, dental surgeries, pharmacies, and private clinics across the UK.
Accurate, Compliant Practice Accounts
We prepare detailed, tailored accounts for your practice that go beyond compliance. Our accounts give you:
A clear picture of income from NHS and private sources.
Insights into partner drawings, premises costs, and staff expenditure.
Transparent financial reporting to satisfy HMRC and stakeholders.
Practical advice to improve cashflow and long-term profitability.
Benchmarking Your Practice Performance
As part of our service, we benchmark your practice results against national and regional averages. This allows you to:
Understand how your practice compares to peers.
Identify areas where costs can be reduced or income improved.
Make informed decisions about staffing, premises, and investment.
Track progress year on year to support sustainable growth.
Why Choose Kumar Associates?
Specialist medical accountants – Over 30 years’ experience advising GP practices, dental groups, pharmacies, and clinics.
Sector insight – We understand NHS funding, PCN reimbursements, and the pressures of mixed NHS/private income.
Practical advice – Not just numbers on a page — we provide actionable guidance to strengthen your practice.
Nationwide service – Based in Hampshire, serving healthcare practices across the UK.
Accounting Services
Take a look at some of our most popular accounting services.
Accounting & Book-keeping
We can prepare your annual accounts, whether you are a sole trader, in a partnership or running a company.
NHS Pension Advice & Planning
We have a dedicated payroll & pension team who provide an efficient and cost effective service.
R&D Medical Innovation Tax Relief
Our in-house R&D tax experts will guide you through the process of claiming tax relief for your innovative projects.
Expense Optimisation
Our team provide objective reviews of your finances, helping ensure compliance and peace of mind for stakeholders.
- Practice Accounts & Benchmarking
- Locum & Consultant Tax Planning
- Practice Structuring & Partnerships
- Payroll & CIS-Style Contractor Management
- NHS/PCN Cash Flow & Funding Advice
- Taxation Services
- Company Secretarial Services
- Business Start Up
- Consultancy & Systems Advice
- Investments & Pensions
- Management Accounting & Finance Support
- Finance Function
- Virtual Finance Director
- Company Sales and Acquisitions
- M&A Due Diligence Services
- Restructuring & Insolvency
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.
