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How to find the right accountant for your medical practice

Medical accounting can be complicated but deciding on the right specialist firm or accountant for your medical practice can also pose a challenge. If you nail the search process, you’ll boost your practice, helping it thrive and run seamlessly on the backend, leaving you to deliver life-changing care. More than that, the best medical accountants will go…Read More

Selling your business: the importance of a business valuation

As a business owner, it’s unlikely that you will make the decision to sell your business overnight. Rather, the motivation to sell will manifest itself over time. From a tax and accounting perspective, there are several moving parts to consider. A business valuation is key to facilitating the sale of your business. Whether it’s identifying…Read More

5 Most Common Cash Flow Challenges Facing Businesses Today

The most successful businesses are not only inherently profitable, but they also benefit from a strong balance sheet, enjoy abundant cash flow and operate under manageable debt levels. Achieving this outcome, however, is no easy feat. At Veritas Accountants, we take the time to learn your business in order to deliver targeted, strategic advice. Here are…Read More

Accounting for your medical practice

Setting up your billing software and systems As a medical professional, it’s unlikely that you’ll spend the majority of your time reading financial reports and making profit or loss decisions. But it is important to be aware of how your business is performing. Veritas Accountants offers your practice years of experience in delivering highly specialised accounting services…Read More

Key HMRC filing dates you can’t ignore

Whether you’re a company director, partner or sole trader, staying on top of your company accounts is a balancing act. In this blog, we provide you with five easy tips to manage your company accounts. As part of this guidance, it’s also crucial to keep track of HMRC filing dates that apply to your unique…Read More

Year-End Tax Planning Tips for Medical and Dental Professionals

There are several reliefs and allowances available for GP practice, medical and dental professionals who are interested in maximising income and minimising tax. At Veritas Accountants, we can help you include these considerations in your tax planning efforts. In this blog, we’ve rounded up 8 common tax planning tips for medical and dental professionals. Before we…Read More

Covid-19 Update

We are writing to our clients as many of you will be concerned or worried about the coronavirus outbreak and how it will affect us and our businesses.  We would like to reassure you that it is business as usual and we are able to operate our full service remotely using our cloud based technology.…Read More

How is Airbnb taxed?

Airbnb is now a fundamental part of the short-term letting industry. Broadly it works by using the internet to secure a house (or even just a single room) for a few nights. Some property owners use Airbnb as an alternative letting model, whereas others use it to generate funds from their property while they are…Read More