Healthcare Sector Accounting

World class accounting from award winning chartered accountants you can trust

Accounting For The Healthcare Sector

The healthcare sector is comprised of businesses that provide services related to healthcare. This includes healthcare professionals and businesses providing medical insurance, medical services, and manufacturing medical equipment or drugs.

This essential sector might be on the receiving end of a constant flow of demand, but it is also burdened with political uncertainty. Unpredictability centring around healthcare as a result of political debate can make financial security and success a difficult goal to reach.

And given the added complexity of such a sector on top of its sheer size, healthcare businesses require a level of intricate accounting to afford themselves the necessary level of protection. Paralleling this, healthcare workers also have specific accounting needs. And that’s where we come in.

We Have Open Minds

Despite the mix of businesses operating in the healthcare sector at-present, here at Nordens, we can both provide the financial support and secure the financial success that your business deserves. This is especially important when it comes to such a dynamic sector. Our accounting experience for this sector has stretched from GP partnerships to hospital doctors, locums, and consultants, so, whether your business is just starting to find its feet – or, it’s ready to start running – we can provide the experience and expertise to keep it on course.

In rather more specific terms, we can both provide the accounting solutions affecting healthcare workers, as well as supporting medical practices through their attempts to claim a successful business. Furthermore, if any component of your business reaches into this sector, then the Nordens team can meet your individual business’ needs, also.

Healthcare Accounting With Nordens

Despite the sheer volume of services that we have polished and perfected, we have garnered a wide array of services that can meet each of your healthcare-based financial needs. Such services for both businesses and healthcare professionals include: annual accounts; management accounts; tax returns; payroll; maintenance of records and bookkeeping; review of deductible expenses; business plans and review of the business structure; incorporation of private practices; advising on practice mergers; advising on salaried doctors becoming GP principals; identification of funding opportunities; care home valuation; and retirement planning. Or, in more simple terms – if you’re looking for an accountant, you can find one here at Nordens.

We Think Long Term

We Understand The Healthcare Sector

Here at Nordens, accounting is at the forefront of everything we do. Yet before we even consider undertaking the accounting of a business, we first consider the sector said-business is operating in. Not only we do identify the obstacles the sector is prone to facing, we also wire our accounting to tackle such issues. This includes this sector being treated by the HMRC as a high-risk area, and subsequently being scrutinised in terms of tax enquiries; we adopt the necessary tax strategies to minimise liabilities in alignment with the specific circumstances your business operates within.

Our Healthcare Sector Experience

At Nordens, our experience and expertise is the stamp of approval that certifies everything we do. But beyond the awards, and aside from the raving reviews is our sector-specific experience we share with the healthcare sector. It’s all well and good to know accounting like the back of our hands, but knowing the individual needs of businesses comes first. From our experience with the nursing home industry, through to the healthcare professionals that we continue to support day-in-day-out, we can be sure to provide the same for your business. Despite our arsenal of past experience, we never stop learning.

We See Opportunity

Healthcare Sector Focused Accounting

Complete accountancy and bookkeeping services for the healthcare sector

Your proactive team includes your own dedicated accountant and bookkeeper to ensure your business is running smoothly.

Payroll for directors and employees

Dedicated accountant and bookkeeper

Incredibly Fast response times

Voted as EXCELLENT – 9.9 out of 10 based on 164 reviews

Chris Dyer
Director – Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

Simon Cushing
Founder – Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

Christopher Wilce
Founder – Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice.

Healthcare Sector Business Services

At Nordens, we’re proud to say that we’re equipped to deal with every aspect of accounting – no matter how complex. Why not explore our extensive catalogue of services below.

Employee
Payroll

Administrative duties could be tedious and time-consuming. Hence, we always recommend that time is spent doing other obligations in the business. While we are fully aware that prompt settlement of staff and other expenses related to their…

Bookkeeping Services

Every business, irrespective of the organisational structure, has to carry out bookkeeping functions. This is beyond recommendation as it is highly important. This is because, with adequate bookkeeping, a business firm will be able to keep…

VAT
Returns

Value Added Tax Returns are to be presented to HM Revenue and Customs (HMRC) every accounting period (precisely three months). Whether you have VAT to pay or not, you still need to do this. Contained in the VAT returns are…

Workplace
Pensions

No matter how long one may be in a company’s service, retirement will surely come. You will end up as a retiree who has to depend on a pension. Well, a workplace pension is a good way to start preparing for retirement. It will help…

Company
Tax Returns

Company Tax Returns are tax assessments levied on the profits made by a company. As a separate legal entity, every company is required by legislation to file for and pay company tax returns. Company tax returns are paid…

SEIS
Investments

The SEIS (Seed Enterprise Investment Scheme) was formed by HMRC in early 2012 with the aim of helping smaller start-up businesses to raise finances via investors. This is done by delivering a number of tax relief on investments, which aid the…