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Year End Compliance

JW Medical Management solution ensures that complete and compliant Year End files are ready to be simply handed over to the Accountant ready for the statutory returns and taxation calculations that are required for final submission.

End of your Financial Year...

Your Accountant gets in touch and you’re dreading that question that you get at the end of the financial year –

“Can I have your Year End Files and supporting documents please!”

This is literally the nightmare you have been dreading. You’re a busy Clinician, enjoying looking after your patients, you’re growing your business, you’d really like to start spending some more free time with your family & friends and then ‘POW’ – you’re Accountant hits you with that question!!

We know what pain that inflicts as we’ve been on the giving end of that question for many years!! On a serious note there is a lot of information and documents that need to be collected, analysed and submitted to allow the Accountant to carry out their role, not to mention all the questions and queries that follow.

What information do you need to collate?

Employment details, professional subscriptions, consulting room rentals, medical consumables & equipment, phone bills, indemnity insurance, advertising marketing & website costs, courses & conferences, business travel & meetings, secretarial fees, billing fees, debt collection fees, sundry office costs, bad debts, bank interest & charges, drawings & dividends, pension contributions, charitable donations... the list goes on, not to mention which expenses are claimable and which are disallowed?

...the beauty of our service is that we are at the heart of your financial journey from day one, so who better to hand this tedious job over to.

Year End Compliance

The JW Medical Management solution manages the whole Business Accounting/bookkeeping function throughout the accounting period.

We ensure that any issues / queries are addressed and dealt with throughout the accounts period, enabling each working month to be fully completed and reconciled.

We manage & collate the information and prime documents that will be required as we carry out our work. All prime documents are stored digitally on the accounting system meaning you don’t have to keep any paper records.

The Year End process then becomes a much simpler task because we’ve been working on all the hard bits throughout the year.

. . . . . . allowing the Financial Year to run full circle, smoothly & efficiently.

The Final Piece of the Jigsaw . . . . . . .

You may already have your Accountants in place looking after your Year End accountancy and taxation services and we are more than happy to work with them to the benefit of your Practice. You may not yet have an Accountant in place or you may be simply reviewing your existing providers services. We are pleased to announce that we are now able to provide a recommendation for accountancy and taxation services ,which we believe is the final piece of the jigsaw, through our affiliation with Sharpe Medical.

. . . . . . Sharpe Medical is a firm of Chartered Accountants specialising in the provision of accountancy and taxation services to hospital surgeons and consultants.

Helping businesses of all sizes…

Sharpe Medical Clients include:

  • Single medical practitioners looking to start-out in Private Practice.
  • Established medical companies looking for profit extraction advice.
  • Multi-consultant groups looking to increase their market share.
  • Doctors facing HM Revenue & Customs tax enquiries

What they deliver…

Sharpe Medical provide a truly value-adding service by:

  • Offering up-to-date, specialist knowledge of financial matters affecting doctors.
  • Agreeing fixed fees for all assignments.
  • Delivering an ‘out of hours’ service to fit around the doctor’s working day.

Matt & Tom Sharpe and their team have been providing an excellent standard of service to their Clients for many years. They specialise in Medical Accounting so they fully understand every aspect of your business and how to help you maximise its potential in the most tax efficient way. They explain everything in straight forward & simple terms and help guide you through the pension & taxation minefields associated with your industry. Don’t just take our word for it, follow the link to their website and read through their testimonials page.


You & Your Practice

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