Project Description

This 3-hour web workshop will take a look at partnership accounts, funding contracts – GMS/PMS streams Calculating drawings and dealing with bi-annual tax bills and personal finance.

We will also cover investment and capital requirements for new partners – access to funding options, PCN – financial interaction, practice ownership, business management and working with a specialist accountant. You will also gain an understanding of the contract changes 2021/22.

The module will be delivered with practical guidance to enable participants to map the techniques and outcomes onto their own personal circumstances and practice framework.

Register for the 9th March 2023 workshop

Objective

Participants will gain an understanding of important steps in making the transition to Practice Partner and understanding of practice finances and how to understand the accounts produced by your accountant.  You will also gain an insight of how to maximise practice income, Primary Care Network finances and how important managing these areas lead to reduced financial risk in the ever-changing world of general practice.

Programme

Introduction and welcome

  • New to practice partnership – workshop overview
Tax – difference between salaried and self-employed
Superannuation – difference between salaried and self-employed
Partner drawings
Partners expenses claims’
Partnership agreement
Understanding the key items in your accounts
Calculation of your profit share
Initial capital and current account buy in
New ‘New to Partner’ monies
Primary care network considerations
Contract changes – 2021/22 and looking ahead
Current hot topics
Open forum
Close
  • Date: 9th March 2023

  • Time: 1pm – 4pm

Get in touch

Contact the PMA now

If you would like more information about any of our workshops, the timings or adapting our programmes to your local needs / requirements, please call 0330 111 6459 or email enquiries@pma-uk.org

Please note that all workshops are delivered online as web workshop sessions – however, if you require face to face workshops, please get in touch and we will be happy to discuss this.

Get in touch

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As a PMA member, you will benefit from regular news and updates on key issues and regulatory changes that affect GP practices. You will gain access to exclusive training and events that ensure you maintain currency of knowledge and skills. You will have the opportunity to meet and network with your peers from around the UK.

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