At Bishop Fleming our accountants are not only experts in their respective fields such as tax and accountancy, but also use their specialist sector knowledge to help clients across the broadest spectrum of industries.
As financial regulations for individual sectors become more complex our extensive knowledge of the healthcare sector will deliver tangible benefits and visible advantages to you.
As part of our on-going commitment to our clients we send updates with technical sector and industry developments. Our communications with you will include bulletins, newsletters and updates (via email and hard-copy) as well as invitations to a variety of events. Some of these include:
"Tim and his team have been instrumental in working with us to maximise the bottom line and provide financial stability for the practice. His professional and friendly approach in supporting us through this period has been invaluable". Dr Trish Allen - Teignmouth Medical Practice
Our experienced team can help with everything from the day to day financial issues of your business through to payroll and management accounts, to expansions and disposals. Our services for individuals and businesses in the healthcare sector include:
Audit and accounts – We take pride in transforming every audit and set of accounts from a necessity to an opportunity, highlighting ways of improving and boosting your businesses. We can also provide you with up to the minute management accounts, so you always have an accurate picture of where your business stands.
Business tax, VAT and wealth management – Our large team covers all aspects of tax, from minimising your business tax, to personal tax advice and wealth management, helping you to secure your financial goals.
Corporate finance – Whether you’re looking to expand your business, or it’s time for you to exit the sector, our respected corporate finance team can help, having worked on transactions of a combined value of over £150 million in the past year alone.
Payroll services – Our payroll services department already ensures that businesses with over 25,000 employees are paid on time every month. By outsourcing your payroll to Bishop Fleming, you remove the need to recruit, retain and train specialist staff, or purchase specialist software, saving you money and reducing risk.
Bishop Fleming’s healthcare team includes individuals with extensive experience in raising finance, working in the sector and focusing on providing a high quality independent professional service.
We are able to source a wide range of innovative and competitive finance packages, grants and funding specifically aimed at the sector and have strong links with banks, private equity houses and specialist healthcare lenders. Our experts provide clear indications of the terms on offer from lenders. Given the current financial market, the funding will be structured to meet your specific requirements.
We arrange funding for:
Extensions or business expansion
Sources of finance:
Asset based lending
Sale and lease back
Whether your healthcare business is just starting up or expanding, we can produce and help you implement a tax efficient structure. As circumstances change, it is important to review your business structure. For example, given the 45% income tax rate and falling corporate tax rates, we have helped our healthcare clients to restructure, to ensure they are not paying more tax than they have to.
It is also vital that you attract, retain and motivate your best staff, whilst controlling the associated costs. We can help you do this by creating a remuneration plan. In our experience, it can often be that relatively low cost and simple changes to your current remuneration plan can have a positive impact on current staff, whilst also being attractive to potential employees.
If you are the owner of a healthcare business, it is easy to focus on running the day to day operations and you don’t stop and think about the future. With our experienced team we can provide an expert, practical and objective view of your business to help you create a business strategy. Your strategy will set out the targets you want to achieve and the individual objectives which will help you reach them.