Profit & Tax Reporting
To advise on your revenue and expenditure habits, business profits and to guide you as to how much tax you should be saving.
We introduced this service due to it being our client's number one concern!
As busy Clinicians we know how incredibly important it is that you have clear, validated, reliable data when trying to diagnose a problem. Our Profit & Tax reporting service aims to provide you with a clear insight into your business financials. We can provide you with a Monthly or Quarterly simplified report that will tell you
- How much profit you've made
- How much tax you owe
- How much profit/dividend you can extract from your business
Existing Clients Concerns
"I wish I knew exactly how much tax I owe to HMRC at the end of each month?"
"I always worry about how much my tax bill will be?"
"I always restrict my personal drawings from the business because I don't know how much cash to leave in the bank for future tax liabilities?"
"I have no idea how profitable my business is?"
"I don't know what profit I can extract at the end of each month?"
"My private practice growth has slowed down. I want to understand why, and how to become more profitable."
"I have started private practice, but I am getting bogged down with admin, billing patients, chasing payments & keeping my accounting books in order. This is slowing down my ability to grow and enjoy the benefits of my business."
"Are we billing for all the work I have done? Are bills being paid in a timely manner?"
"I have just started private practice and I need some guidance and support about what to do?"
"I am really worried that my books and records might not be compliant with HMRC requirements? I’m concerned that I might not be able to put my hands on all my receipts & bills?"
Because we work on your accounts in a 'Real Time' digital format we have all of your transactions to hand which enables us to be proactive and provide you with current and up to date key statistics & information about your business.
It also allows us to provide you with proactive advice - making decisions to reduce your tax liabilities before the end of your accounting period.