3 Review(s)

Most general practices are businesses of quite significantsize and yet many GPs are not clear on what the detail of their practiceaccounts really means. This book will help if you have ever found yourselfconfused by: * a balance sheet * capital accounts * profit-sharing ratios It will also help you to understand how practices are paid: * the differencesbetween payments under the GMS, PMS, APMS and MCP contracts * theeffects of transitioning from PMS to GMS contracts * the mechanisms for claims and payments * property and other reimbursements, including the Premises Costs Directions * the newGP Induction and Refresher Scheme Furthermore, as an individual GP it will tell you about: * how you pay your tax and how it might appear inthe practice accounts * tax deductible expenses * the differences between being employed andself-employed for tax purposes * joining and leaving a practice * buying a share in the surgery premises * forming a limited company for tax purposes * the NHSPension Scheme and its various `sections' * superannuation This is a book for all those confused by accountingterminology, from GP registrars to GP principals. Reviews of theprevious edition "Great book for GP's who want to get a better understanding of thefinancial aspects of general practice. It explains clearly the paymentstructure of general practices and also gives good information about practiceaccounts. Highly recommended ..." "Great book, up to date, accurate, really clarifies the minefield of GPaccounting. Explains clearly and succinctly how the practice accounts are madeup and what happens when joining and retiring from practice." "This book is bang up to date and incredibly easy to follow. Containsuseful and up to the minute information, and serves as a great source forreference."