Most general practices are businesses of quite significant size and yet many GPs are not clear on what the detail of their practice accounts really means.

This book will help if you have ever found yourself confused by:

• a balance sheet

• capital accounts

• profit-sharing ratios







It will also help you to understand how practices are paid:

• the differences between payments under the GMS, APMS and MCP contracts

• the effects of transitioning from PMS to GMS contracts

• the mechanisms for claims and payments

• property and other reimbursements, including the Premises Costs Directions

• the new GP Retention Scheme







Furthermore, as an individual GP it will tell you about:

• how you pay your tax and how it might appear in the practice accounts

• tax deductible expenses

• the differences between being employed and self-employed for tax purposes

• joining and leaving a practice

• buying a share in the surgery premises

• forming a limited company for tax purposes

• the NHS Pension Scheme and its various ‘sections’

• superannuation







Updated with 2018/19 guidelines on tax, pensions and practice payments, this is a book for all those confused by accounting terminology, from GP registrars to GP principals.