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Aug 10,2018
In normal times, GP surgeries happily practice out of their premises with no major issues. But what happens if a disaster strikes – maybe in the form of flood, fire or storm damage to your premises? This blog aims to highlight some important matters you should consider to make sure you protect your business from unexpected interruptions. Understand the risks… It is important to ensure that you have adequate insurance and contingency planning in place to deal with the unexpected. If, for example...
May 18,2018
What is GDPR and what does it mean to be compliant? I am sure that you will all by now be aware of GDPR. GDPR comes into effect on 25th May 2018 and seeks to give individuals more control over how organisations use their data. GDPR is a European regulation, and automatically becomes law in the UK because of our membership of the European Union. Although Brexit would take us out of the European Union, the current plan is to incorporate all EU law into UK law, so GDPR is almost certainly here to...
Jun 02,2017
Most GP practices will be aware of the recent changes to the Statement of Financial Entitlements (SFE), which came into force on 1 April 2017. Since the revised SFE provides for both new income streams and changes to existing potential income streams, decisions need to be made as to how this additional income is to be allocated. These rules, once agreed, then need to be correctly documented. We’ve highlighted below some of the key changes and what you need to consider from a legal perspective:...
May 18,2017
Taking on a new partner is a significant step for any GP practice, and it is important to get it right from the outset. Once a new Partner has been selected, a partnership offer letter should be next on the agenda. Why do you need one? The letter will act as written confirmation of the key terms of the appointment. By properly documenting and setting out the terms in this way, the offer letter can provide some protection for the Partnership until the Partnership Deed is updated, and reduces the...
Mar 13,2017
The start of a new fiscal year is fast approaching and with it comes an important deadline for any GP nearing retirement. If you’ve built up a healthy pension pot, then Individual Protection 2014 (IP2014) is a scheme that could help you reduce, or avoid, a tax liability on your savings. But with an April 5 2017 deadline, time is running out to apply. What is IP2014? The lifetime pension allowance was reduced from £1.5 million to £1.25 million in April 2014, then lowered again in April 2016 to £...
Jan 24,2017
Significant changes to tax legislation IR35 are likely to come into force from April 2017. These changes have implications for any practice that engages workers, such as locums, through their own companies. Here’s what you need to know: What is IR35? Put simply, IR35 is tax legislation that provides that workers engaged through intermediaries -principally companies that the worker owns (Personal Service Companies or “PSC”s) - may be regarded as being directly employed by the PSC’s client for...
Nov 25,2016
If you’re a partner in a GP practice and have decided to retire, then there are many issues that both you and the remaining partners need to consider. Making a smooth exit is likely to be top of your agenda and one important area that can often be overlooked is dealing with lease obligations.Your responsibilities will vary depending on how the lease is ‘owned’. Here, we examine three of the most common scenarios and what the implications may be, along with offering advice on how best to...
Nov 07,2016
Most GP practices will come into contact with the District Valuer Service (DVS) at one time or another. The DVS plays a key role in issues surrounding GP premises funding and has the potential to significantly impact on a surgery’s finances. There are many reasons why a practice and the DVS may cross paths, including: notional rent reviews, practice valuations and in relation to proposals for significant building works. What’s important to remember is that the DVS is working to protect the...
Oct 21,2016
The changing nature of running a GP practice, with all its pressures and complexities, means that most GP partnerships now recognise the need and benefit of having skilled managers supporting them. One area where this is having a noticeable impact is within the structure of GP partnerships themselves. While it is still relatively rare, it is becoming more common for non-GPs– such as nurse practitioners, business managers or practice managers - to be offered partnership. There are many reasons...
Sep 09,2016
Partner burnout is a growing problem for GPs – up to 50 percent are at high risk due to stress, high demands and funding cuts. If one of your partners is suffering from stress, careful consideration should be given to these four key issues: Disability discrimination; Professional conduct, including patient safety; Partnership obligations as defined in the partnership agreement; and Fulfilling one’s obligations under the core medical services contract. 1. Disability discrimination If stress...

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