Accountants for Pharmacies

Independent pharmacy owners must balance clinical services with retail operations and regulatory requirements. We provide end-to-end financial support, including:

• • Year-end accounts and tax compliance
• • Digital bookkeeping and stock tracking support
• • Payroll and staff cost management
• • NHS income reconciliation and FP34 analysis
• • Cashflow forecasting, budgeting and financial planning
• • Profitability reviews and margin analysis
• • Advice on service expansion and commissioning opportunities
• • Business structure planning and incorporation

Our aim is to strengthen financial stability and help you run a compliant, profitable and sustainable pharmacy business.

For pharmacy groups and multi-branch operators, we offer more advanced financial and strategic support, including:

• • Consolidated accounts and group reporting
• • Management accounts and performance dashboards
• • Financial modelling and scenario planning
• • Governance, internal controls and process improvement
• • Payroll and HR budgeting across larger teams
• • VAT and tax advice for group structures
• • Assistance with mergers, acquisitions and restructuring

We help growing pharmacy groups maintain efficiency, stability and strong financial oversight across all locations.

Locum pharmacists often work across multiple pharmacies and income streams, making accurate record-keeping and tax planning essential. We support locums with:

• • Setup advice including Limited Vs Self-Employed comparisons
• • Company formations and advice on share structures
• • Self-assessment tax returns
• • Accounts preparation
• • Remuneration (salary/dividend) advice for company users
• • Digital accounting solutions - to get you MTD Ready
• • Guidance on allowable expenses
• • VAT considerations where applicable

Our service simplifies the financial side of locum work and ensures full compliance with HMRC.

We can assist with:

• • Financial due diligence (NHS income, retail performance, staffing costs, stock levels)
• • Pharmacy valuations and goodwill assessments
• • Cashflow forecasts and lender-ready business plans
• • Raising finance and supporting funding applications
• • Reviewing NHS contract income and service provision
• • Structuring the acquisition in a tax-efficient way

Our goal is to help you understand the true financial picture and secure a sustainable investment.

We support sellers by:

• • Preparing the business for sale and tidying financial records
• • Valuation guidance and performance benchmarking
• • Tax planning ahead of the sale
• • Ensuring eligibility for Business Asset Disposal Relief (BADR) where relevant
• • Transition planning and succession support
• • Working alongside legal and commercial agents during due diligence

We ensure you are well-prepared and positioned for the best possible outcome.