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 2022/23.
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.
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
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| Tax – difference between salaried and self-employed |
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Superannuation – difference between salaried and self-employed
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| Partner drawings |
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Partners expenses claims’
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| Partnership agreement |
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Understanding the key items in your accounts
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Calculation of your profit share
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Initial capital and current account buy in
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New ‘New to Partner’ monies
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Primary care network considerations
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Contract changes – 2021/22 and looking ahead
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Current hot topics
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Open forum
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Close
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Date: Coming soon
Time: 1pm – 4pm
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.
Join our vibrant community of over 50,000 today and benefit from our services
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.