Accountants for healthcare professionals in Leeds and all across the UK

Running a business while providing sustainable primary care is not an easy task.

From keeping up with the regular changes in legislation and rules for the NHS to mandatorily reporting incomes, claiming deductions, and meeting tax obligations, it can feel like a balancing act that’s tough to manage without proper guidance and support.

Don’t worry. We at Lyel Accountants understand that every client is unique, so we tailor our healthcare accounting services to align with different business objectives, daily priorities, and operational styles.

Our team has an in-depth understanding of the real and complex issues of organisations and professionals in the healthcare sector.

The length and breadth of our
Healthcare accounting services in the UK

Doing books is hardly on any healthcare provider’s to-do list, yet it’s important for running a smooth practice. Sounds familiar? From handling insurance claims to processing staff and vendor payments, we can do everything for you and ensure your accounts are up to date. Minimal hassle!

Starting a new business in any sector is daunting. Healthcare is no exception. Whether you want to set up a GP practice, dental clinic, or pharmacy , get fine advice on financial structuring, compliance, and strategic planning for a successful start. We won’t disappoint.

Get the true picture of your financial performance with management accounts. Calculate your profits and overhead expenses. Know whether you’re liquid enough or not. Get our knowledgeable accountants for healthcare professionals to handle this function for you.

We offer specialised payroll services for this industry, managing everything from regular staff wages to complex payment structures for contracted healthcare providers, ensuring timely and accurate payroll processing.

Given this dynamic environment, seeking professional advice or support can be very beneficial, specifically regarding preparing your statutory accounts. Get in touch with Lyel Accountants to make a real difference to your business.


Medical tax accountants in the UK

In healthcare, CGT management often involves assets like medical equipment and property. Get strategic advice from our staff for minimising liabilities and maximising tax relief opportunities specific to healthcare investments.

As a business, you must ensure efficient, accurate and timely production of your accounts. Why not let us prepare your CT600 returns and track your expenses to claim proper capital allowances for your healthcare business?

Yes, we help healthcare professionals, including doctors, nurses, dentists, pharmacists and therapists , including locums, file their Self Assessment tax returns. We can accurately report your income, claim relevant expenses, and minimise your tax bill.

VAT is often complex due to varying rates for different services and products. You want to ensure you’re MTD-compliant and receive timely advice on VAT compliance, exemptions, and recoveries.


Benefit from the level of support you need when you need it; use our healthcare accounting services.


Why use our healthcare
accounting services

We’re highly experienced in all areas of the industry and can easily help GPs, locums, consultants, and private healthcare providers. You can count on us.

Get advice on personal and business expense claims; brainstorm tax planning ideas with us.

Receive help in digital record keeping, HMRC enquiries, and compliance essentials.

Choose the working arrangement that works best for you; we can operate from your office or ours with equal efficiency.


Got a question about our healthcare accounting services?

We list the common queries we get asked from time to time.

Good question! Please note we’re a leading provider of accounting and tax services to all kinds of medical professionals in the UK. Whether you’re a salaried or a GP practice owner, locum or hospital consultant, pharmacist or nurse, or a private healthcare provider (such as a therapist or dentist), we can help you with your accounting and tax needs.

Accounting for healthcare organisations requires a unique set of practices and principles that cater to the complex nature of the industry. While adhering to standard accounting principles like maintaining accurate financial records, ensuring compliance with tax laws, and preparing financial statements, you must deal with several funding sources, including government funding, private insurance payments, and out-of-pocket expenses from patients.

Accurate tracking and reporting of revenues from these diverse sources are crucial. Additionally, managing costs associated with medical equipment, pharmaceuticals, and specialised staff requires meticulous cost accounting to ensure efficient use of resources and compliance with budgetary constraints.

Compliance with healthcare-specific financial reporting standards and audits is also important to maintain transparency and public trust. Doing your accounts in this industry can be daunting. That’s why it’s best to use our healthcare accounting services. Minimise your hassle.


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