BW Medical Accountants Ltd

Specialists for the healthcare sector and the NHS, BW Medical Accountants Ltd works from Newcastle across England. Its services cover accounts, tax and NHS pension matters for doctors, dentists and other medical staff, and it reports more than 2,000 healthcare clients on its books, among them more than 100 GP practices. Its team of more than thirty-five people works with clients from qualification onwards, through their careers and into retirement.

Accounts and tax for medical professionals

The firm's accounts work covers GP practices and locums, as well as consultants, hospital doctors and dentists. Tax work for individual and company clients in the profession is also prepared, and it describes its focus as the healthcare profession, so that its advice is tailored to the specific rules and circumstances that doctors and dentists face.

NHS Pension Management Service

The NHS Pension Management Service reviews where each client stands against the annual allowance and lifetime allowance limits. The firm then produces a written NHS pension report, intended to help clients make informed financial decisions. The firm says the NHS pension scheme is highly complex and that recent changes to the annual allowance have created significant tax implications for many members.

Work for GP practices and larger NHS groups

The firm's clients include GP provider companies and GP practices, as well as NHS working-at-scale arrangements. Its work for these larger groups covers the accounting and tax needs of organisations that are much bigger than an individual practice.

Moving from another accountant

Clients who want to change accountant can do so through a managed switch. The firm says the process is simple and carries no additional work for the client, and that an initial consultation gives the client a chance to judge its understanding of the profession before deciding.

Fixed fees after an initial consultation

The first contact is handled by the firm's client services team, which discusses the client's circumstances. The initial consultation is free and carries no obligation, and once the firm understands the client's needs it provides a fixed fee quote for the agreed work.

Membership and professional standing

The firm is a member of the Association of Independent Specialist Medical Accountants, known as AISMA. It describes its service as offering medical accountancy, tax and NHS pension expertise in a single practice, which allows it to advise on the questions that a medical professional's accountant and pension adviser would otherwise handle separately.