AISMA In the News

AISMA members regularly write in the specialist GP and practice management publications, offering expert advice to doctors on the key issues of the day.

AISMA and ICAEW publish new tax guidance for PCNs

The Association of Independent Specialist Medical Accountants (AISMA) and the healthcare group of the Institute of Chartered Accountants of England and Wales have together issued guidance for primary care networks (PCNs) and their member practices on the tax treatment of PCN income and expenditure. PCNs are recommended to meet tax requirements by drawing up financialContinue reading

Response to 2019/20 Pensions Annual Allowance Charge Compensation Policy

Commenting on the publication yesterday by NHS England and NHS Improvement of the 2019/20 Pensions Annual Allowance Charge Compensation Policy, Andrew Pow, board director of the Association of Independent Specialist Medical Accountants, said: “The publication of the rules by which NHSE&I will compensate clinicians for annual allowance charges are welcomed. However, GPs will have issuesContinue reading

Practice Index: 24-hour retirement for GP partners

24-hour retirement allows doctors to draw their NHS pension and then return to work. Writing for Practice Index, AISMA accountant James Gransby explains what this means for GP partners. Go to the Practice Index website to read the full article.

AISMA response to HM Treasury pension consultation

Commenting on yesterday’s announcement by HM Treasury of a consultation to seek views on proposals relating to the 2015 public service pension scheme reforms, Deborah Wood, chairman of the Association of Independent Specialist Medical Accountants (AISMA) said: “This is a positive development for doctors who are members of the 2015 NHS Pension Scheme. It followsContinue reading

AISMA elects new chair

Deborah Wood has been elected chairman of the Association of Independent Specialist Medical Accountants (AISMA). She takes over from Bob Senior, who has led the Association since 2010, following his retirement earlier this year. Ms Wood is a partner at MHA Moore and Smalley, an accountancy firm based in the North West, where she leadsContinue reading

Claiming for additional costs during Covid-19

To assist practices in claiming additional costs during the COVID-19 emergency, the BMA, in conjunction with AISMA, has prepared a template reimbursement claim form. This can be used to claim the costs from Easter weekend, and any other additional costs that might arise which are agreed to be reimbursable. The form covers both staff andContinue reading

Pulse: NHS England advises GP practices not to furlough staff

An article published on the Pulsetoday.co.uk website reports advice from NHS England that GP practices should not use the government scheme to furlough staff. Deborah Wood, AISMA vice-chairman, talking to Pulse, said: “I am anticipating that NHS England / Improvement will recognise that there is an issue regarding additional costs for cover with regard toContinue reading

AISMA responds to 2020 Budget announcement

Responding to the 2020 Budget presented by the Chancellor of the Exchequer today, Andrew Pow, executive board member of the Association of Independent Specialist Medical Accountants (AISMA) and partner, Mazars UK, said: “We welcome the news that the annual allowance threshold for the NHS Pension Scheme will be increased by £90,000 for the 2020/21 tax year. ThisContinue reading

Updated GP contract – AISMA verdict: PCNs win but core contract loses out

Response to update to the GP contract agreement 2020/21 – 2023/24 Published by the BMA on 6 February 2020 Speaking on behalf of the Association of Independent Specialist Medical Accountants, Andrew Pow, partner at Mazars UK, said: “It is positive that NHS England has responded to the concerns raised around PCNs, particularly the removal ofContinue reading

AISMA responds to draft network specifications

The Association of Independent Specialist Medical Accountants (AISMA) has published its response to the draft service specifications for primary care networks (PCNs). The response focuses on the financial implications of the specifications, which relate largely to service delivery. Specific points raised by AISMA include how and when money from the Investment and Impact Fund willContinue reading