Practice Structuring & Partnerships
Whether you’re setting up a new practice, joining as a partner, or planning a succession, the way your practice is structured has major financial and tax implications. At Kumar Associates, we specialise in helping GP practices, dental surgeries, pharmacies, and private clinics choose the right structure and manage partnership changes smoothly.
Structuring Your Practice
Choosing between a sole trader, partnership, LLP, or limited company affects everything from how profits are taxed to liability, pensions, and succession planning. We advise healthcare professionals on the best structure for their goals, ensuring compliance and long-term efficiency.
Partnership Advice & Support
Medical partnerships face unique challenges, including:
Drafting and reviewing partnership agreements.
Managing goodwill valuations and equity shares.
Advising on incoming and outgoing partners.
Handling property ownership and premises buy-ins/buy-outs.
Planning for disputes or retirement transitions.
Our team provides clear, objective advice to protect relationships and ensure smooth transitions.
Why Choose Kumar Associates?
Specialist medical accountants – decades of experience advising GP practices, dentists, and clinics.
Practical solutions – guidance on agreements, valuations, and succession planning.
Integrated support – combining tax expertise with legal and financial considerations.
Trusted nationwide – serving healthcare professionals 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.
