At Ballards LLP, we pride ourselves on having over 70 years of experience working as accountants within the healthcare sector. Our award winning team is made up of 10 Partners and over 60 professional staff all trained to a Chartered level.
The firm benefits from Matthew Watson (Partner) heading up the Medical Team. Matthew offers two generations of dedicated healthcare accountancy expertise. Along with his team, he represents circa 700 surgeons and medical based organisations both locally and on a National basis. This allows the team to focus on sector specific issues, which may be missed by generalist accountants, in order to maximise your reliefs and profits.
If you become a client of Ballards LLP, as a gesture and as a keen supporter of the CBS, we would be delighted to pay your first or (if you are current member) next year's CBS membership fee.
- Personal tax planning
- Advice on NHS Pensions Annual Allowance
- Personal expenses claims
- Self assessment tax returns
- Trusts & Executorships
- Retirement/Exit strategies
- Advice on wills
- Inheritance Tax
- Capital Gains
- Accounts preparation in respect to private practice
- Incorporation of private practice
- Subsequent dealings with limited company accounts
What is Xero?
Should you incorporate your private practice or have particularly complicated accounting issues, Xero may be your solution. Xero is a user friendly accountancy software that is cloud based. This means it is securely held at all times. You always know where everything is and your accountant can have access to help keep an eye on things too at all times. The cost effective software uses up to date technology that automates certain accountancy functions which in turn frees up time for you to concentrate on other areas of your practice. Features include:
Know your cash position when you reconcile daily.
Xero automatically and securely imports your bank transactions every business day. You save hours on admin and get daily updates on the state of your business finances. Xero connects with numerous banks globally so, chances are, your bank is one of them.
Reconcile easily with coding suggestions
Was it payment of an invoice? Was it spending on travel? Or stationery? Simply confirm what Xero suggests. You can also set up rules for matching your bank transactions automatically to invoices, bill payments and purchases that are already recorded in Xero, making reconciliation seamless.
Reduce work at Year End
Not only will you be more in control of your practice's finances, come tax time most of the hard work is done – you’ll already have categorised income and expenses, and matched payments to invoices.
Receive and store bills online in one location
Email bills and documents straight to your files inbox in Xero for paperless record-keeping. For simple data entry, use side-by-side files to enter your bills with the file attached. With everything stored online in the cloud, you can access your bills at any time, from anywhere.
What is Receipt Bank?
Receipt Bank is an app which links with software such as Xero that allows you to scan or take photos of invoices and receipts which are then automatically published into your accountancy package. Simple, accurate and time saving.
Think of how much time you have spent sorting through receipts and invoices. There is a better way. Submitting expenses on the go means no more lost invoices or late nights entering data plus this provides real time visibility into the practice's finances. With Receipt Bank, you just scan or snap a photo of the invoice or receipt and all of the key data is extracted and sent to your accountancy package.