Consultants 01702 382 323
Your Accountant will tell you how much tax you are liable for, provided that they have all the information in good time. But I would recommend that you start putting a percentage of your income away immediately, to ensure that you have enough cash available at the point you need to pay the tax. We would recommend
Submitting a tax return is not a straight forward affair, if you have more than one source of income. Your Private Practice and an NHS salary would mean that you have more than one source. Your Accountant will advise you when the tax year ends, when the tax return is to be submitted, and when
We have taken over from, and worked with a large number of amazing secretaries who were relieved when the billing was taken away. Secretaries have told us that they struggle because they do not enjoy handling the money side of the practice (ask yourself the same question, would you like to be handling the money side, and
Your accountant will have the best advice, but we do recommend one thing. Before you open a company bank account, please ask the bank whether they will accept cheques made out to you personally. In our experience, the name of most limited companies is different to that of the Consultant, and this presents a challenge
How you conduct your practice requires expert advice, and the best people to advise you are Accountants, and especially those with Specialist Medical knowledge. We know of several ways to work in Private Practice, Sole Trader, Limited Company, LLP, and your accountant can advise which suits your practice. Bear in mind that if you trade
Your choice of an Accountant can make a significant difference to the success of your Practice, depending on your needs. The criteria that you may wish to consider are Do I need someone who can just take my end-of-year figures and process them into a tax return? Do I need someone who can advise me
The Data Protection Acts are not there to stifle business, they are there to ensure that data collected is used and protected appropriately, and managed according to the purpose for which it was collected. That means you can share data with your secretary, the insurance companies and other parties, such as Hospitals, Accountants and Billing
You have a legal duty to register with the Information Commissioners Office. In the NHS, the legalities of the Data Protection Act are overseen by the Trust. In private Practice you are responsible for the Data that is collected about your employees and your patients. It is very simple to do, log on to the ICO
At HytheHopes, we always look for best value rather than cost. We consider value as the benefits minus the costs, and to do this we assign an amount to each benefit. We often find people in all walks of life focus only on costs and make decisions without considering all the factors. Sometimes it is
We know that there are plenty of companies out there that can build a good quality website, at a reasonable price, and within a reasonable timescale. But from our perspective, the biggest challenge is finding someone who can design the website, who understands you and your customers, and can deliver a scientific approach to website
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