Start a private practice

  • Ian Tongue explores the more common situations where VAT registration may be required and highlights some grey areas where you need to be prepared

  • Starting out in private practice can be daunting but for those prepared to put in the time in advance, it will result in a smoother ride to building that successful business. Every practice has its nuances and the all-important work-life balance will pay a big part but considering the areas here should get you off to a flying start. Ian Tongue shows the way

  • Running any business requires you to keep proper accounting records for both the taxman and to understand your finances. Ian Tongue sets out some best practice advice for doctors starting out on the private practice journey

  • Ian Tongue looks at how accounts are prepared and provides some useful tips to interpret the figures

  • When starting out in private practice it is easy to forget that you are running a business and you need to understand requirements at the outset if you are to avoid the long arm of the tax inspector. Ian Tongue outlines the importance of good record keeping and gives some useful tips

  • Working with other colleagues can have various advantages and has become a common way of working with the ever-changing world of primary and secondary care. Opportunities can arise to share costs, income or perhaps bid for new contracts. Ian Tongue explores some of the more common ways consultants work together

  • Your private practice is a business and you should run it as such from day one to ensure success. Key financial aspects considered here by Ian Tongue will help ensure you are best placed to maximise the return on your hard efforts

  • Ian Tongue tells you how

  • One of the most important decisions to make when engaging in private practice is the type of trading structure to adopt. Ian Tongue gives a roundup of possibilities

  • Ian Tongue highlights some of the more common taxable benefits that private doctors might come across