Money Matters

16 March is pension decision day for doctors

March 16th is looming over the medical sector but thousands of doctors and healthcare professionals still do not realise its significance. However, if ...

Doctors’ training costs: are they tax deductible?

Doctors often wonder whether training costs are tax deductible. HM Revenue and Customs state that a deduction for training costs incurred by an employee w...

Lining up retirement income plus a holiday home

Investors Chronicle has reviewed the investment portfolio of a 53-year-old NHS surgeon. Adam earns £220,000 a year from NHS and private work and his wife...

VAT guidance implications for medical companies

New guidance suggests that supplying medical services via a company may no longer be VAT exempt. The guidance in VAT notice 701/57 states that if you are ...

Watch out for the dancing gorilla

It seems radiologists and basketball fans share something unexpected in common. Namely, the inability to see dancing gorillas. A recent study by a Harva...

Three – that’s the magic number for private practice

There are three big costs in business - one visible, the other two almost invisible. The first cost - the visible one - is pretty obvious: the cost of t...

Why I am so in love with deadlines

'Deadlines...I love the whooshing noise they make as they go by,' Douglas Adams (1952 - 2001). On the 11th March 2012 Douglas Adams, had he lived, would h...

Vital to make patients feel good about themselves

It's easy to waste time. I myself did a great job of it this morning, in fact, by reliving my childhood. See, instead of doing some real work, I spent s...

Private practice: beating professional sabotage

I had an interesting conversation yesterday. A new consultant was telling me how his trust was trying to encourage consultants to bring their private pa...

Concentrate on the good stuff to up profits

My life is seriously wonky. I spend hours and hours of the day doing things of little consequence - checking emails, answering phone calls, the usual st...

What can we learn from the atom bomb?

They've got fighter planes now at RAF Northolt, for the first time since the Second World War, apparently. The new Eurofighter Typhoon, no less. For thos...