Sectors

Health

In recent years, the broad spectrum of healthcare has had a lot to contend with: increasing funding pressures; a talent shortage and other staffing issues, all set against a background of changes to the legislation governing the sector. If you operate in this area, we can help you to negotiate the best path, including assistance with set-up, management and financial advice. M&S has the experience and expertise necessary, especially in the following areas.

Dental laboratories

• Preparation of annual accounts and tax returns
• Tax planning to help minimise any tax
• R&D tax credits - review the work undertaken and determine claim

Medical practices

• Preparing annual accounts, partnership income tax and returns and partners' annual superannuation certificates
• Calculating profit allocations
• Advising partners in advance of taxation payments

Locums/Private Consultants

• Advising on the best possible tax structure (e.g. sole-trader, Ltd Company, LLP)
• Preparation of private income accounts, tax computations and tax returns
• Reviewing National Insurance

Nursing/Care homes

• Preparing annual accounts, tax computations and returns
• Tax planning to minimise tax
• Advising in advance of taxation payments