In our current pharmacy climate every penny counts, from the money coming in, to the money going out. Keeping a check on it all is a job in itself but that’s why there are many reasons on why spending that little bit extra to get a good accountant can actually help grow your business. Making sure they are up to date on any changes such as Making Tax Digital (MTD) and the options you have, saving you time and reducing your tax worries, as well as providing you guidance on tax relief claims within Capital Allowance and Research & Development.

The Business Partners in this area are here to help you manage your finances, understand the different levels of MTD, negotiate rates for loans, if for example, you were thinking of investing in development such as a dispensing robot and helping you achieve the most from your business. A good accountant wants you and your business to succeed.

Did you know the NPA have a range of services and recommended Business Partners that can help you?

 

Hutchings Accountants Ltd

Hutchings Accountants Ltd are leading accountants for retail pharmacists specialising in tax and business planning with many years’ experience in the pharmacy market and in this niche market. They also have particular expertise in pharmacy acquisitions and disposals.

NPA Member Benefit:

  • Competitive fee rates, agreed in advance and payable monthly, giving you a fixed monthly fee for all your accounting and bookkeeping needs so you can be sure there are no surprises or hidden costs
  • Advice on how to make your business more tax efficient
  • Video conferencing facilities, so you can see your accountant face to face whenever you need to

Find out more about Hutchings Accountants Ltd here.

 

PharmaWealth

PharmaWealth offers a full range of wealth management services, on a completely independent basis. They can help with any kind of financial planning and wealth management solution you require, from planning for business or school fees to wealth maximisation and investment strategies.  All of their services fall under the following four sections: Investments, Pension, Tax Mitigation and Wills, Trusts & Estate Planning.

NPA Member Benefit:

  • Currently they can offer NPA members the chance to attend their Webinars and Seminars the opportunity to hear marketing leading information and strategies at no cost.
  • Those NPA members who wish to follow up with a personal and highly valuable initial Discover Meeting normally priced at £287, can do so at PharmaWealth’s cost.

Find out more about PharmaWealth here.

 

Silver Levene

Silver Levene have been providing pharmacy specialist services for the last 28 years including bookkeeping, accounting, payroll, VAT and tax returns, can help you minimise risk and tax liability and will benchmark your pharmacy with their other pharmacy clients.

Offering a bespoke service, all work is done by a team of dedicated and well-trained staff.

NPA Member benefit:

  • Proactive advice
  • Courteous responses
  • A value for money service

Find out more about Silver Levene here.

 

Tom Rocks Finance

Tom Rocks Finance is an independent loan and funding specialist for pharmacy business owners.

They provide NPA Members with a service which takes the hassle out of loans applications, whether that be for buying a new pharmacy, the property it occupies or benefitting from a refit of an existing pharmacy with new equipment like a dispensary robot.

Start to finish Tom Rocks manage the process of loan applications and dealing with banks to make sure pharmacy owners have hassle free access to loans and pay less than they would if they were to arrange it themselves.

NPA Member benefit:

  • Impartial consultations
  • Independent access to multiple lenders
  • Exclusive broker only terms and lending rates
  • A continuing relationship and after sales back up

Find out more about Tom Rocks Finance here.

 

Related Content

Making Tax Digital (MTD)

Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.

NPA Webinar: Running a successful pharmacy business - hear it from the financial experts

View on demand now. This webinar forms part of the Contract and Funding webinar series.