The healthcare sector is one of the most demanding industries, requiring dedication, expertise, and continuous focus on patient care. However, for medical professionals running their own business—whether as private consultants, GPs, locum doctors, dentists, or healthcare practice owners—managing finances, tax compliance, and business strategy can be overwhelming.
At Lucas Prestige Accountants, we specialise in providing accounting and financial solutions tailored specifically for medical professionals. With years of experience supporting entrepreneurs in the healthcare sector, we understand the unique challenges that come with managing mixed-income streams, NHS pensions, private practice revenue, and complex tax obligations.
Specialist Accounting Services for Healthcare Professionals
Our expertise covers a wide range of accounting and financial management solutions, ensuring that your business remains compliant, efficient, and financially stable. We offer:
Tax Planning and Compliance
Navigating tax regulations in the medical industry requires a strategic approach. We help entrepreneurs in healthcare structure their finances efficiently, ensuring compliance with HMRC while maximising tax savings. Whether you are a sole trader, a limited company director, or part of a partnership, we tailor tax planning strategies to suit your specific needs.
NHS and Private Practice Accounting
Medical professionals often have multiple income sources, including NHS salaries, private practice earnings, and locum work. Understanding how these income streams interact with tax obligations, allowable expenses, and pension contributions is essential. Our team provides clarity and guidance, ensuring accurate financial management and optimised tax efficiency.
Bookkeeping and Payroll Support
Managing payroll and bookkeeping can be time-consuming, particularly for growing practices and private clinics. We provide a reliable and efficient service to ensure all financial transactions are recorded accurately, staff salaries and pensions are processed correctly, and tax submissions are handled in a timely manner.
Self-Assessment and Corporation Tax Management
Whether you operate as a sole trader, a limited company, or a partnership, meeting tax deadlines and filing accurate returns is crucial to avoid penalties. Our team ensures that self-assessment and corporation tax submissions are handled seamlessly, allowing you to focus on your patients while we take care of the financial complexities.
Business Growth and Financial Strategy
Beyond compliance and tax management, we help medical entrepreneurs plan for long-term success. From financial forecasting and budgeting to strategic planning and investment advice, our services are designed to support sustainable business growth.
Why Choose Lucas Prestige Accountants?
Our deep understanding of the healthcare industry allows us to provide highly specialised financial solutions that address the unique needs of medical professionals. With our expert team handling your accounting and tax matters, you can focus on delivering exceptional patient care without the stress of financial management.
If you are a medical industry entrepreneur looking for expert accounting support, contact Lucas Prestige Accountants today.
