At O’Neill Foley, we have extensive experience advising and working with healthcare organisations and professionals. We understand the challenges facing this industry including complex accounting rules, changing regulations, cost management and access to capital.

Our client portfolio includes general practitioners, practising specialists, dentists, pharmacists and opticians. We have particular experience advising retail pharmacies nationwide. We also work extensively with private sector providers and other not for profit organisations involved in delivering health and social care.

Our dedicated healthcare team combine their skills and experience in advisory, audit and tax with a deep knowledge of the industry to provide strategic and practical advice to our clients and help them achieve their financial, operational and strategic objectives.

Our services include:

Tax compliance and planning

  • Tax compliance services for individuals, medical partnerships
  • Corporate tax compliance services for corporate entities
  • Revenue audit
  • Minimising tax liabilities
  • Planning for the future
  • Planning for succession
  • Retirement planning

Audit and accounting

  • Preparation of financial statements
  • Preparation of management accounts on a monthly, quarterly or annual basis
  • Cash flow management
  • Preparation of budgets and projections
  • Implementing and improving financial and accounting systems and controls
  • Financial and management reporting
  • Bookkeeping
  • Advising with the implementation of accounting software
  • Payroll

Business consultancy

  • Management reports and presentations
  • Improving and implementing financial and accounting systems and control
  • Sale of business/retirement
  • Management succession
  • Mergers, acquisitions and re-organisations
  • Litigation support
  • Property acquisition
  • Information technology
  • Partnership agreements

Wealth management

  • Personal wealth management
  • Pension investments
  • Short, medium and long-term investments

We guarantee a full up front disclosure of fees and commission

Corporate Finance

We can advise you on all aspects of corporate finance including:

  • Mergers, acquisitions and management buyouts
  • Due diligence report services
  • Valuations
  • Disposals
  • Raising capital finance
  • Share valuations

Doctors

Doctors, either trading in a personal capacity, or through a general practice, are a specialised profession. We have therefore established a pool of expertise to focus on delivering our services. Doctors tend to, particularly, be interested in a specific mix of our services:

  • Partnership accounts, including implications of the red book
  • Examining LLP status and other forms of litigation protection
  • Personal tax returns
  • Outsourced payroll bureau services
  • Cost rent schemes
  • Benchmarking results against national averages

Doctors are a sector with unique accountancy requirements. Instruct us to act for you, and rest assured that we will understand your business and look after your best interests.

Dentists

As a successful owner-managed practice ourselves, we know what it takes to be successful, and how many facets there are to building a durable, profitable, professional practice that can deliver value to its owners over a long period of time.

Whatever your practice and personal needs, we can help.

We offer a variety of accounting, tax and consulting services to owner-managed medical and dental practices, offering both strategic and compliance support for practices, and the people who own them.

With an interest in the overall success of your practice, the minimisation of business and personal tax liabilities, and the growth and enhancement of your personal wealth as practice owner, ours is a holistic approach to the commercial realities of modern business.

Understanding you, your goals and your aspirations, helps us to offer a package of services that is tailor made to your own circumstances, and relevant to your own unique needs.

Pharmacist

Whether you’re an independent community pharmacy or a locum pharmacist we can provide the support necessary to successfully grow your business and remove all the accounting and tax headaches from you.

We can tailor a package to suit your needs, whether that be monthly bookkeeping, regular management accounts or an annual compliance service.

Our goals are to provide an efficient and prompt service so the information you receive from us is up to date, relevant and useful for decision making. We strive to achieve our aim of completing accounts in a cost effective and efficient manner as possible.

Nursing Homes

Today’s Nursing Home owners have to cope with an ever-increasing and ever-changing legislative burden, continuous staffing and training needs, as well as the general needs of any business.

However, having been through some major changes in recent years, the sector now provides real potential by capitalising on investment and tax benefits, instituting stronger business and personnel management, and making the most of sale and acquisition opportunities.

At O’Neill Foley, we have a specialist personnel with plenty of experience, whose aim is to provide the services and support you need to ensure you minimise your tax liabilities, while maximising the profitability of your business and the value of your investment. We work with several nursing home owners, helping them achieve their operational and business objectives – whether it’s to buy, sell, or maximise their nursing home interests.

We can help with everything from the day-to-day financial issues of your care business through payroll and management accounts, to expansions and disposals.