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Category Archives: Finance

Help with finance

HMRC latest issues

This guest blog comes from our accountant and resident tax expert, Michael Bennett of Michael B. Bennett Ltd. Over the last few months there have been two things coming through to me on a too-regular basis. The first is an … Continue reading

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Digital Accounts Systems

This guest blog comes from our accountant and resident tax expert, Michael Bennett of Michael B. Bennett Ltd. Possible problem for Therapists A client asked me to help them as they were struggling a little with their digital accounts. Their … Continue reading

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Don’t make insurance mistakes with your business

We tackle some of the most common misconceptions people have about their business insurance. Make sure you don’t make them. 1. Thinking you don’t need insurance  People commonly think that if they don’t charge for a service or they are … Continue reading

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Making Tax Digital

This guest blog comes from our accountant and resident tax expert, Michael Bennett of Michael B. Bennett Ltd. This is very much the topic of the moment with HMRC pushing towards this at a rate of knots, but actually not … Continue reading

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New year, new therapy business?

If you’re a therapist and you’re looking to set up in practice in 2018, here are a few ideas for you to make sure that you start your therapy business off well. Write A Business Plan Your business plan will … Continue reading

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State-of-the-art Card Acceptance For Therapists

SumUp is one of the fastest growing payment companies in the UK, offering debit and credit card acceptance for small and medium sized businesses. Launched in 2012, the company quickly expanded into 31 markets on three continents. With SumUp, business … Continue reading

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Retirement planning for therapists – build a pension pot

If you’re a sole trader, you need to sort out a decent pension for yourself because no one else will, warns pension expert Neil Adams. The sustained growth of what’s now called the ‘Gig Economy’ along with sweeping changes to … Continue reading

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Small business accounting – the next five years

We are currently going through a revolution in small business accounting. Much of this is being driven by HMRC’s Making Tax Digital (MTD) program. This is costing a small fortune and it is questionable whether it will deliver the increased … Continue reading

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Claiming expenses against tax

This guest blog comes from our accountant and resident tax expert, Michael Bennett, following an enquiry from a Private Practice Hub member about claiming expenses against tax. Michael has also provided two supporting excel templates, expenditure and income forms, which … Continue reading

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It’s time to get budgeting

Does the word budgeting fill you with dread? Many of us set out with good intentions of budgeting, but running a private practice means you’re always busy doing something important – whether that’s seeing clients, acquiring new clients or anything … Continue reading

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