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
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
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
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
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
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
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
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
Deciding to switch accountants can feel like a big step, but as your business needs change it may become a necessary one. Here are seven ways to tell if it’s time for a change: 1. You only see your accountant once a year Accountants shouldn’t just be about facts and figures. At Veritas, we see…Read More
Death and taxes are two things that nobody likes to consider, but with the right planning, you can look after your family now and help shield them from inheritance tax liability when the time comes. Here are five simple (and legal) steps to use gifts to cut your inheritance tax liability: Review your spending Use…Read More