We Understand the Demands of Locum Work
At Gorilla Accounting, we understand that locum work in the healthcare sector can be very rewarding, but also very demanding and stressful. The work schedule can be hectic with intense time pressures and locums often have to make life-changing decisions regarding their patients and their care.
But there are also many benefits to locum work including increased flexibility and control, variety, the opportunity to gain wide-ranging experience and better pay.
Our all-inclusive accounting package is tailored for locum doctors, pharmacists, opticians and surgeons. It covers all your accountancy needs so you can focus on your work without the distraction of bookkeeping, admin and worrying about tax submission deadlines. We can also offer tax planning advice to help increase your take home pay as part of our service.
Patients Rely on Your Expert Knowledge and Advice
Your specialist area is helping your patients and looking after their health and wellbeing. Our specialist area is helping locums successfully manage their accounts and financial wellbeing.
We have extensive experience providing expert accountancy services to locums in the healthcare sector. This means we give you the accounting and tax support you need to successfully manage and improve your finances.
Gorilla can take care of your accounting and tax needs which helps improve your work/life balance and gives you extra time to spend with family, friends and pursuing hobbies, or learning and development to advance your career.
Sign up with Gorilla Accounting
Enjoy our ongoing support for a monthly fee starting from £110+VAT
Some of the Services Included in our Locum Accountancy package are:
- Full access to market-leading FreeAgent bookkeeping software at no cost
- Tax planning advice to help maximise tax efficiency and increase your take home pay
- Preparation & submission of Financial Statements
- Preparation & submission of Corporation Tax Return
- Preparation & submission of quarterly VAT Returns
- Preparation of one Self-Assessment Tax Return
- Standard employment status references
- Assistance with HMRC records checks
- Reminder services for all deadlines and payments
- Preparation of Companies House Confirmation Statements
- Ongoing tax payment reminders
- Same day response service under our client service guarantee
- Your own dedicated accountant
- Unlimited support via face-to-face meetings, emails, telephone and video call
A Bespoke Accounting Service for Locums
By taking care of all the hard work associated with business accounting, we can help locums in the healthcare sector focus on what they do best – offering exceptional patient care and service. And we’ll do what we do best as specialist contractor accountants for locums and take care of all your accounting needs.
As specialist accountants for locum medical professionals, we have an in-depth knowledge of both the sector and your needs. For a small monthly fee, we offer a streamlined, all-inclusive accounting package tailored for locum medical professionalsÂ
You will get your own dedicated accountant who will get to know you and your business inside out. They will be fully accessible to you to provide unlimited specialist accountancy advice via email, telephone, video call and in person.
Our client service guarantee means that if you contact us before 3pm on any working day, we guarantee a same day reply or we’ll issue you with a £50 compensation payment. We understand that as a locum you’re busy and your time is precious, so our client service guarantee ensures a quick reply to your queries.
More Take Home Pay
In addition to unlimited accounting support, our all-inclusive accounting service provides expert tax planning advice to help maximise your revenue by improving tax efficiency.
When working as a locum, you would usually have the choice to work as a sole trader or through your own limited company. There’s less responsibility and obligation when working as a sole trader as non-limited companies are regulated and monitored less rigorously than limited companies. But there are many advantages of working through your own limited company when compared with personal ownership.
Limited companies benefit from significant advantages when it comes to remuneration and tax efficiency. As a locum operating through a limited company, you can pay yourself through a combination of salary and dividends. Tax rates on dividends are lower than income tax so with the right structuring, tax savings can be made. Gorilla Accounting are experts in leveraging these tax-efficiencies to increase take home pay for locums.
Limited companies also benefit from limited liability. This means that your personal assets such as your home, investments and car should be protected from creditors if your business encounters financial difficulties and incurs debt. The limited company is treated as a separate legal entity so your personal assets are protected.
Every locum’s circumstances are unique and we can advise you on whether incorporating is right for you based on your situation. If you go limited, we can incorporate your business for £50 +VAT and we can usually have your limited company set up the very same day.
Technology-Focused Accounting
At Gorilla Accounting, we’re big believers in making technology work to the advantage of our clients and ourselves. We are FreeAgent Platinum Partners and offer their industry-standard cloud-based accountancy software to our clients at no extra cost as part of our all-inclusive accountancy package.
FreeAgent is a multi-award-winning cloud bookkeeping tool designed for locums and is trusted by over 100,000 small business owners. It’s fully MTD-compliant and offers a 24/7 real-time overview of your accounts. It enables you to make significant improvements in efficiency thanks to comprehensive automation and great functionality that simplifies admin tasks.
It offers insightful real-time reporting to give you an up-to-the-minute snapshot of the financial health of your business. Invoicing and payment reminders can be automated and expense tracking can be done easily on-the-go.
Ready To Talk?
As accountants for doctors and locum pharmacists, we will help with any queries you may have, from your tax code and tax efficiencies to your national insurance and tax relief issues.
If you’re ready to take the next step and form your limited company, get in touch with a member of our New Business Team.