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Healthcare Fundamentals 2022

Available
On Demand
All Locations
Healthcare
Sep
21
Wed
-
Oct
19
Wed
09:30
-
PM
16:30BST
Schedule Type Title: Weekdays
Schedule Description: The key aspects of Acting for Doctors
Sessions: 0
Session Hours: 0.00
Description
The key aspects of Acting for Doctors
Please choose from the dates below to view more details.
Healthcare Fundamentals 2022

Event information

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Book all three courses together and save 20%. Add the courses to your basket and the 20% discount will automatically apply at checkout.

Accounting for Healthcare is a specialist area that requires expertise and an understanding of the industry. ICAEW has designed three 'fundamentals' training courses to assist those new to the sector.

All courses are delivered by practitioner Debbie Wood who has extensive hands-on experience, and will include case studies and practical examples.

Programme details coming soon.

Schedule

Date Session Level
Recorded on Wednesday 21 September

Basic Fundamentals Course

This course is for those who are relatively new to preparing a set of medical practice accounts and are starting to gain some experience in this area.
Recorded on Wednesday 5 October

Advanced Fundamentals Course

This course is for those who have had previous involvement in accounts and tax work for GP clients and are looking for additional guidance on some of the more technical aspects of the sector, including some more complex areas of the NHS pension scheme and associated tax issues.
Recorded on Wednesday 19 October

 NHS Pensions

This course is for those needing to understand the basics of the NHS pension scheme when preparing accounts and tax returns for their GP clients, including how to calculate and complete the annual pension certificates and other relevant forms. This course will not cover the more advanced pension tax aspects.

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Disclaimer

The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.

ICAEW's terms and conditions

This course provides an introduction to general practice matters in England, basic primary healthcare economics and the steps to be taken when preparing and interpreting accounts for a GP practice business. This course is for those who are relatively new to preparing a set of medical practice accounts and are starting to gain some experience in this area.

Please note that the programme is subject to change.

Session 1:
  • Understanding a set of accounts
  • NHS and non-NHS income streams 2021/22
Session 2:
  • NHS premises reimbursements
  • Practice expenses
  • Personal Expenses
Session 3:
  • Profit allocation: Prior shares and charges and profit shares (income and property).
  • Partnership tax computation
Session 4:
  • Balance sheet
  • Capital accounts
  • Current Accounts
Session 5:
  • Locums
  • Off-payroll workers and IR35
Session 6:
  • Publication of earnings
  • Q & A

 

This course provides an update to general practice matters in England, primary healthcare economics and the steps to be taken when dealing with GPs in practice business. This course is for those who have had previous involvement in accounts and tax work for GP clients and are looking for additional guidance on some of the more technical aspects of the sector including more complex areas of the NHS contracts and associated legal and tax issues. Pension tax charges and the impact of McCloud will be covered.

Please note that the programme is subject to change

09:30 - 10:30
  • Integrated Care Systems and Partnerships
    • Statement of fees and entitlements and contract changes 2022/23
10:30 - 10:45
  • Refreshment Break
10:45 - 11:45
  • Legal Matters: Oliver Pool VWV
  • Partnership agreements, premises directions and business structures
11:45 - 12:15
  • Benchmarking
  • Dispensing practices
12:15 - 13:15
  • Lunch
13:15 - 15:00
  • PCNs
  • Annual allowance and lifetown allowance tax charges
  • Scheme pays elections and the compensation scheme
15:00 - 15:15
  • Refreshment break
15:15 - 16:30
  • McCloud judgement
  • Basis period reforms
  • Keeping up to date
  • Q&A
16:30
  • Close

 



Date and time Location
21/09/2022 09:30 - 16:30 BST Zoom

This course is for those needing to understand the basics of the NHS pension scheme when preparing accounts and tax returns for their GP clients including how to calculate and complete the annual pension certificates and other relevant forms. This course will not cover the more advanced pension tax aspects.

Please note that the programme is subject to change

09:30
  • Overview of the different NHS pension schemes
  • Practitioner and officer
  • Calculation of the superannuation provision for the accounts
  • Certificates: type 1, type 2 and limited company
  • Tiered rates and tax relief on contributions
11:15
  • Break
11:30
  • GP solo and locum forms
  • Estimate of pensionable pay
  • 24 hour retirement and opting out
  • Employer responsibilities
  • Total reward statements
  • PCSE
13:15
  • Q & A
13:30
  • Session ends

Find out more about the benefits of joining the Healthcare Community here.

 

About the trainer

Debbie Wood joined Moore & Smalley in January 1999 as resident partner in the Blackpool office to manage client services on the Fylde. She is the current Chairman of the MHA Moore and Smalley partnership and leads the firm’s specialist healthcare services department.
Debbie is Chairman of The Association of Independent Specialist Medical Accountants (AISMA) and a former President of the North West Society of Chartered Accountants. Debbie has specialised in looking after Healthcare Professional clients for over twenty-five years and is invited to speak at seminars across the country to doctors, their practice managers and fellow accountants on a wide variety of financial management topics affecting the sector. She contributes articles and comments to the Medical Press on a regular basis.

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