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Sunday 19 November 2017
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AISMA

The Association of Independent Specialist Medical Accountants (AISMA) is a national network of over 75 accountancy firms providing expert advice to medical practices, sessional GPs and hospital doctors.

AISMA accountants currently advise more than 12,000 GPs in over 3,000 practices, as well as salaried GPs, locums, specialists and consultants.

To qualify as an AISMA accountant, members must meet demanding requirements set by the Association. These include regular peer reviews to ensure standards continue to be upheld. As a result, AISMA accountants are amongst the best advisers on the accounting, finance, taxation, practice management and pension issues affecting doctors today.

AISMA accountants are attuned to the constant changes faced by the medical profession and are a reliable source of information and advice on the impact of government legislation and policy decisions on primary care at practice, commissioning and individual GP level.

For doctors seeking to grasp the opportunities arising from the new era of healthcare commissioning, AISMA accountants provide expert advice on funding, financial modelling, contract documentation and negotiations with the PCT.

By pooling statistical data from medical practices across the UK and continually sharing and exchanging expertise and knowledge, AISMA accountants have unrivalled financial intelligence on what makes the most profitable, well-managed medical practice and how individual doctors can structure their business interests effectively to maximise pension benefits while minimising tax liabilities.

The following services are typically provided by AISMA accountants.

Services:  

Annual accounts  
Management accounts  
Budgets and cashflow forecasting  
Drawings calculations  
Financial performance benchmarking  
Tax returns  
VAT returns  
Pension certificates and forecasts  
Payroll  
Book-keeping  
Accounts software  
Letting statements  
Personal expense claims  
Private fee statements  
 
Advice on:

Setting up clinical commissioning entities
Bidding for new contracts
New builds
Company incorporation
PCT negotiation
VAT planning
Computerisation
Review of practice accounts for GPs considering partnership
Inheritance and capital gains tax planning
Financial planning and wealth management
Probate
Mortgages
Partnership agreements
NHS Pension Scheme

To find your nearest accountant visit www.aisma.org.uk or email info@aisma.org.uk