When I first qualified as a fully-fledged GP and started practising as a GP Partner, the tax system and accounting was a mystery to me. It was a steep learning curve. In this article, with the help of an experienced medical accountant, I aim to provide a basic guide to unravel the mysteries of the private finances of a GP.
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References
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Association of Independent Specialist Medical Accountants. Accessed via www.aisma.org.uk [date last accessed 21.04.2010]
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GilbertM.Managing money for general practitioners (2nd edition) (2009) Abingdon: Radcliffe Publishing Ltd ISBN: 9781846192654
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HM Revenue and Customs. Accessed via www.hmrc.gov.uk [date last accessed 21.04.2010]