At Townends we act for a number of GP practices and are more than aware of the increasing burden of tax and superannuation. This has been a critical factor for our clients in recent times and through our timely, proactive advice we have helped to manage the impact of increasing costs to maintain personal income levels.
We work directly with GPs and practice managers to understand the issues particular to each practice to assist in providing solutions in addition to the annual compliance work of preparing accounts and tax returns.
We have experience in:
- Partnership agreements
- Partners’ entry and exit strategies
- Partner disputes
- Practice financing
- Property ownership
- Pensions – superannuation, SSASs and personal
We also have access to a range of industry experts including:
- BMA Services
- ICAEW Healthcare Group
- Solicitors with medical specialisms
- Pension providers and actuaries
- Healthcare divisions with banks
As well as acting for the practice, we can also provide guidance to individual GPs in relation to tax planning – in life and on death, which includes wealth management (through Townends Wealth Management Limited) and financial planning.
Our overall client approach is encapsulated by the Townends Philosophy which is designed to be applied to all businesses and highlights the key principles to be considered when looking at the business and family plan.
We would very much welcome the chance to speak with you and discuss how we believe we could help you to meet the business and personal objectives of the partners.